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How Much is Your Home Worth?

While online estimates can sometimes be a good place to start, there are a lot of other factors that go into pricing a home that they do not take into account. As local agents, we understand the nuances of the market and can help walk you through your options. Additionally, we have a variety of tools that can help determine the right price for your home based on other factors, like the condition of your home and similar homes in the area.


If you are looking to sell your current home, let’s chat! We would love to talk through the pros and cons of selling your home. We can also help you estimate what your current home may be worth.


Contact us today to learn more! 


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Renting has its perks, but nothing compares to owning your own home. If you’re ready to leave renting behind, follow these 7 steps:


1. Know your why:

Are you outgrowing your space or are you tired of throwing money away? Before you start looking, make sure you’re committed to your why. 


2. Determine your budget and timeline:

You need to know how much you can spend. The best way to do that? Talk to a lender! They’ll take a look at your financial situation and help you understand your timeline.


3. Tackle your credit score:

If you’re not quite into “good” credit territory, don’t panic! Work on decreasing your credit card debt and making payments on time while you save up.


4. Decide what you need and want in a home:

This is the fun bit. But it can be HARD. You need to be clear on the difference between your need-to-haves and your nice-to-haves when it comes to home features.


5. Get pre-approved:

First, find a lender you like. Most agents have tried-and-true lenders, so they can be a great place to start! Your lender will look at your finances, tell you how much you can afford, and give you the pre-approved stamp of approval.


6. Find an agent:

Once you’re pre-approved and know exactly what you’re looking for, it’s time to bring in an agent. Your agent will be your real estate BFF.


7. Familiarize yourself with your agent's search tools:

Your agent has access to loads of tools to make your life easier! Use their MLS search tools and their resources to find listings you love.


If you’re ready to stop renting and start owning, Contact us to get started on your home ownership journey.


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Not only can going green save on monthly energy costs, it can ultimately help a home stand out when the time comes to sell.

With a variety of products available on the market, it can be difficult to know which features are worth the investment before listing a home for sale or after buying a home.


Smart home technology can have a big impact on a homeowner’s carbon footprint, but it probably won’t increase the property value. Smart thermostats and lights are relatively low in price, starting at just a few hundred dollars, and can save money and energy by automatically adjusting features like temperature and lights when not in use.


Whether or not energy-saving upgrades move the needle on a home’s price ultimately comes down to how the property is marketed. An agent can help you really highlight the changes so buyers can see the value of what you’ve done to your home. Even in more competitive markets, green features can help a property stand out.


There’s really minimal downside to making your home green. It’s great for your wallet and great for the environment. And you can feel socially responsible about the way that you’re living.


If you have questions about which smart-home features may be best for you and the environment, feel free to connect with us. We’d love to hear from you.


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I have sold a property at 311 225 Menzies St in Victoria
I have sold a property at 311 225 Menzies St in Victoria.
Beautiful corner suite in steel and concrete "Vicino", located in the heart of James Bay with shopping, cafes, parks and more just outside your door! This home features huge windows overlooking surroundings such as Irving Park and the Parliament Building. Impeccably kept with gleaming wood floors, kitchen/dining area open to kitchen with granite counters, stainless appliances and tiled backsplash plus multi-use built in cabinet. Spacious primary bedroom with luxury ensuite, second bedroom/den with large picture window. Incredible wrap around deck from which to enjoy views and/or do your own gardening. Secured underground parking and storage locker. James Bay Square across the street, scenic Dallas Road marine drive and the iconic Inner Harbour on opposite sides within easy walking distance. 2 dogs and long term rentals permitted. There's just so much to offer here!
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I have sold a property at 292 Perimeter Pl in Colwood
I have sold a property at 292 Perimeter Pl in Colwood.
Nestled between Royal Bay and the picturesque Esquimalt Lagoon this upscale neighborhood stands above the rest with its high caliber homes and walkability to the trails and beaches. This custom home was built to take advantage of the lot and the surrounding views. The home features a modern open concept layout. The main level is complete with bamboo floors, large windows, and a gas fireplace, perfect for relaxing and ambiance. The bedrooms on the upper level have expansive views, ideal for relaxing. The lower level has an extremely flexible floorplan, and an additional one-bedroom suite as well that is a great mortgage helper or perfect for the extended family or nanny. The beautiful tiered yard is fully landscaped with mature flower beds and an irrigation system. The home has been wonderfully looked after and loved, it's now ready for the next family. Floorplans online, don't delay.
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Congratulations to our Realtor's David Silletta & Agustin Torres. They have been recognized as one of the Top Producing Teams of RE/MAX Camosun for June 2022. They have both been putting in long days at the office this past month and their efforts do not go unnoticed!
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"The real estate market in Greater Victoria is returning to a steadier pace following the strange two years we experienced over the course of the pandemic."

 
"The market feels a bit more normal right now," says Karen Dinnie-Smyth, 2022 Victoria Real Estate Board President. "We have seen more inventory come onto the market to the extent that we are back to numbers closer to those which we saw in pre-pandemic 2020. This is good news, as more inventory provides more choice and builds in more time for consumers to work with their REALTORS® to make decisions."

During a changing market like the one we see now, it is more important than ever to have an expert on your side - whether you are buying or selling it's a great time to give us a call.
 

 
 
 
 

Victoria Real Estate Stats for the Month of June

  • A total of 612 properties sold in the Victoria Real Estate Board region this June, 35 per cent fewer than the 942 properties sold in June 2021 and a 19.6 per cent decrease from May 2022.
  • Sales of condominiums were down 40.2 per cent from June 2021 with 202 units sold.
  • Sales of single family homes decreased 31.4 per cent from June 2021 with 302 sold.
  • There were 2,059 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2022, an increase of 15.9 per cent compared to the previous month of May and a 49.7 per cent increase from the 1,375 active listings for sale at the end of June 2021.
 

Where is the market headed?

Sales have continued to drift downward steadily, consistently off by about a third from last June’s pace.  Meanwhile new listings have held up well towards the end of the month and look to be on track for a more or less normal pace for the time of year. Though inventory remains very low (the 10 year June average is 3263), we have now cracked 2000 listings for the first time since November of 2020.

More important is where it goes next.  Inventory nearly always increases from January to June but it also usually tops out around that point.  So far we haven’t seen signs of the increases slowing down, but it’ll be interesting to see if the pace of the slowdown is enough to overcome seasonal trends, or if sellers are about to take their usual summer break and keep inventory stable.

Expect the cooling trend to continue as long as rates keep rising. With credit tightening at the same time as house prices fall, I would expect the share of investor purchases to drop back to pre-pandemic levels. Theoretically this all adds up to increasingly favourable buying conditions, but of course the reason is that deteriorating affordability has pushed more buyers out of the competition entirely.   We won’t truly see improved conditions for most buyers until affordability returns to the market in some form.


 

Featured Development

MOSAIC

 
Choose Mosaic and make the move into a home where you love where you live. Find the perfect balance of adventure and relaxation in Parksville. Starting in the mid-$300’s and with your choice of 1, 2, and 3-bedroom suites, Mosaic is located only 0.5km from the beach. 

  - Three buildings, 137 units.
  - All buildings are pet friendly.
  - Pre-MLS sales are currently underway.
  - Located at 140 Jensen Ave. W., Parksville, BC.
  - Current completion date is set for Fall of 2023

Contact us for more information.

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New property listed in Du Lake Cowichan, Duncan
I have listed a new property at 11 77 Nelson Rd in Lake Cowichan.
Located at Penny Lane on the shores of the Cowichan River in beautiful Lake Cowichan, this like new 800 Sq. Ft., tiny home offers quality finishing throughout and is perfect for couples, singles and getaways alike! The small strata shares a river front beach area, newer dock and ramp and an outstanding deep water swimming spot. The 2 bedroom, 2 bathroom home features open concept living areas, generous use of windows for lots of natural light, efficient use of space for an easy care lifestyle, private patio/deck and yard area, full size laundry, new home warranty and much more. The property is easy care and it's a short walk to town and all amenities and is a perfect alternative to condo living. This is an excellent place to enjoy summer with boating, fishing, swimming, hiking, water-skiing and exploring right at your doorstep or peaceful year round living!
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I have sold a property at 112C 2469 Gateway Rd in Langford
I have sold a property at 112C 2469 Gateway Rd in Langford.
Welcome to Sky Gate, your gateway to the outdoors! Live right at Langford's most exciting new development. Constructed to be Built Green and to Energy Step Code 4 of the BC Building Code. 74% more efficient than current BC code requires, Sky Gate is one of Vancouver Island’s most environmentally-advanced multifamily buildings. Enjoy absolute ambient comfort with triple pane windows and a heat pump for heating and cooling in every home. Luxury vinyl plank flooring, quartz counters, LED lighting, soft close cabinetry, and large rooms in each of the five modern floor plans to choose from. Building amenities include roof-top deck, fitness centre, dog run, community gardens, EV charging stations, community lounge, bike storage, and so much more. Located in across from Staples on the new Gateway Rd.
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I have sold a property at 209B 2465 Gateway Rd in Langford
I have sold a property at 209B 2465 Gateway Rd in Langford.
Welcome to Sky Gate, your gateway to the outdoors! Live right at Langford's most exciting new development. Constructed to be Built Green and to Energy Step Code 4 of the BC Building Code. 74% more efficient than current BC code requires, Sky Gate is one of Vancouver Island’s most environmentally-advanced multifamily buildings. Enjoy absolute ambient comfort with triple pane windows and a heat pump for heating and cooling in every home. Luxury vinyl plank flooring, quartz counters, LED lighting, soft close cabinetry, and large rooms in each of the five modern floor plans to choose from. Building amenities include roof-top deck, fitness centre, dog run, community gardens, EV charging stations, community lounge, bike storage, and so much more. Located in across from Staples on the new Gateway Rd.
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