Market Information

Surviving A Bidding War

You’re about to make an offer on a home. Then, to your despair, you find out that three other offers have also come in for the same property. Be careful. It’s all too easy to get swept up in the excitement and, like a hand raised one too many times at ...

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Getting Schooled On Local Schools

If you have kids, the local school will be a big part of your new home buying decision. That’s why it’s important to get a school’s “vital statistics”, such as: Safety record Curriculum Accommodation for special needs Awards Average class sizes Extracurricular activities. (sports, arts, crafts, technology, etc.) Scores on standardized achievement tests Daily schedules and vacations Even such ...

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Fresh Air Sells

The problem with household smells is that we get accustomed to them… when they are in our own homes. However, it takes just a few seconds in a stranger’s home, to know if a smoker lives there. The smell is in the air! So when you put your home on the ...

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Why You Should Order Your Own Credit Report

“I don’t have a problem with credit,” a potential new home buyer says. “I pay my bills on time. I never have trouble getting a loan.” That may be true. However, according to several surveys, most people are surprised by at least one piece of information in their credit report. And ...

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Greater Victoria Real Estate Market Statistics – April 2017

Here are the latest real estate market statistics from Macdonald Realty on Greater Victoria, Parksville/Qualicum, and Nanaimo listings and sales in April 2017. Greater Victoria In April 2017, there were 382 sales of single family homes and 509 active listings in the Greater Victoria. The benchmark sale price was $663,500 with an average days on market of 21. The hottest market for ...

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New Rules Regarding The Principal Residence Exemption

Tax season is upon us.  Canadian tax residents must file tax returns for 2016 income with the Canada Revenue Agency (CRA) before the end of April 2017.  Who is a Canadian tax resident?  In principle, anyone for whom Canada is a home base is regarded as a tax resident. In reporting ...

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