For the last year the Media in USA and Canada have been just dumping all over real estate as a bad investment and that is a black hole. Where does all this come from ?
Basically the real estate problem as we know it was created due to the stupidity of Wall Street and Bay Street Investment houses. The packaged up loans as Asset Backed Commercial Paper and sold them off as bonds to unassuming Investors...(read more)
There has been a noticeable change in the local real estate market, something that we predicted that was due to happen. We are still seeing sales of homes but unless the property is priced right then it will languish on the market.
The challenge in Victoria is that prices have more than doubled in 5 years, not a normal market. its not the prices so much that are affecting our market but the affordability..(read more)
Located across the street from the ocean in Sidney BC, this brand new 3 bedroom is ideal for the executive. With 3 full bedrooms and 4 baths, this home features hardwood floors, an elevator, double garage and much much more. Located at 9628 Second Street this home is available for long or short term rental.
Offered for rent at $3,400 per month plus utilities.(comment)
Located across the street from the ocean in Sidney BC, this brand new 3 bedroom is ideal for the executive. With 3 full bedrooms and 4 baths, this home features hardwood floors, an elevator, double garage and much much more. Located at 9628 Second Street this home is available for long or short term rental.
Offered for rent at $3,400 per month plus utilities.(comment)
Ron Kubek returns from Extreme Makeover and Orphange Hospital Missions Trip
My wife Jan and I had the great oppurtunity to travel to Romania in May for a Missions Trip. We went to Brasov to work on a extreme makeover home and work as volunteers in the Hospital Orphanage.
I worked along with others from Lion of Judah church here in Victoria and in Conjunction with Hope for the Nations Romania,..(read more)
We have recently upgraded our websites that allow us to provide MLS Listings to clients when they want it. Powered by RPS systems our website is www.allvictoriabclistings.com and by registering our clients can get information 24/7 based on the input that they put in. This allows us to be on the leading edge for our clients who want the information when they want it. Check out the site. I think this..(read more)
I really liked this report on home ownership in Canada. We are doing very well vs. USA.
Stats Canada has just released results of home ownership and has found that in Canada, 68.4% of all Canadians owned their own home in 2006. In BC our rate was higher at 69.7%. It would be interesting to see the mortgage amount vs home. in Canada we do not get to deduct interest nor do we have to pay capital..(read more)
With the Canadian dollar hitting par and above the rush of american buyers have skidded to an abrupt halt in our market. When our dollar was .62 to .85 Americans were rushing into Victoria and other parts of BC at record pace. now our american clients who bought back then have made a great investment as prices and Canadain dollar have gone up. I feel our starter and homes in the $700,000 and under..(read more)
Check out this web site. http://www.housingaffordability.ca/index.html
I found it helpful to deal with affordable housing issues and to take a look at what all of Victoria and the 13 municpalities are doing.
It seems to be a comphrensive non-partisan committee and web site that was helpful to me in planning some new affordable housing initiatives.
Its always nice to see different..(read more)
Located out in Port Renfrew about 2 hours from my house in Brentwood, is one of Victorias most affordable waterfront homes. My client who has the property has decided she wants it sold now! so we have dropped off the price. I really like this property due to the sandy beach outfront and the quanit area. Yes its a long drive, too long for me to commute to work, but this would make a great weekend or..(read more)
