Newton Cross Rd took a second slash for a total of $94K for a new price of $795K. For comparison, Greater Vancouver has 23 municipalities. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. The less uncertainty there is about cost, length of repairs, etc., the better. Victoria is situated on the southern tip of Vancouver Island. And the peninsula which contains North Saanich, Sidney, and Central Saanich. If you scaled Greater Victoria up to Greater Vancouver's size while maintaining the same level of fragmentation, we would have 75 municipalities. And that could mean a lot of hurt coming our way during the next recession. Doesn't it have a search all function? Yes it is a loophole but in my opinion not a big one. The problem with guesses from agents is that it’s just a guess. 1 Colwood is much larger than I thought and 2 What are the long bit west of souke the small bit south of souke and the huge bit north of souke? Totally agreed. The amount you pay off is insignificant to the amount gained via appreciation so who cares about the few tens of thousands. 1 million dollar homes? Also referred to as municipalities, the 79 Victorian LGAs are classified as cities (34), shires (38), rural cities (6) and boroughs (1). This is a follow-up to a similar post I made about Vancouver, because a few years ago someone told me "You know, Victoria is actually like 13 different cities!" lets see what it sells for. Another Bearkilla hood slash of 1836 Mt. So many of us think we are richer than we are, and it makes it very easy to spend that wealth and leverage up on the mortgage. Okay fair enough, good point. Marc Cohodes released the whole KPMG report on Home Capital. What saved them was they didn’t have other debts like credit cards and car payments.. Probably makes more sense to do it there where the units are cheaper to buy though. As a delivery driver, this is endlessly frustrating. With those kind of house prices people lose all perspective of money. Like during Sunday’s snowstorm, they will focus on major roads and the downtown core before fanning out to clear side-streets and cul-de-sacs. The B20 rules are the biggest hammer yet, and it’ll almost certainly drop this year. There is no reason I can think of that Victoria, Oak Bay, Esquimalt, View Royal and Saanich - at least - couldn't be the same city with corresponding loss of redundancy etc. 2554 Shakespeare just listed for $759k (1945 2bd 1bth). Communities across Greater Victoria are keeping an eye on their snow removal budgets as the region digs out of one snow storm, while preparing for another one. I never pay much attention to the Chinese outflows since it’s all a bit too nebulous for me, but it does seem like the controls are finally starting to work. I think in low appreciation markets all that equity has real meaning. So I believe the key is to make fewer people scared of it, and give them a better strategy for selling. All maps courtesy of the VREB. It’s just so frigging expensive at about $100 a finished square foot and then the cost of the lift and under pinning of a new foundation. 2 things. By using our Services or clicking I agree, you agree to our use of cookies. Comment system causing performance problems. Interior looks over 50 years old – and likely smells older. And if the market is at the extreme end of the spectrum like ours is today with auctions or if the market were at the other end of the market spectrum which would be a market influenced by foreclosures such as we had in the mid 1980’s. We looked at a really nicely renovated 50s house in the Hillside neighbourhood last year (open concept, new interior everything, new plumbing, new windows, new roof, new suite/finished basement, earthquake upgrading) and our realtor guessed that it probably cost the owner $100,000. That’s not so bad. If it’s a special assessment then yes that will be discounted in the price. “The slash market has a few interesting ones. If you scaled Greater Victoria up to Greater Vancouver's size while maintaining the same level of fragmentation, we would have 75 municipalities. Does not seem like a lot of profit after all the transaction costs and the cost of renovations. Such action plans should cover: For comparison, Greater Vancouver has 23 municipalities. Is the $250k incl. Premier-elect says majority government will allow him to tackle issues across all of B.C. Credit unions will take the first big hit in the coming crash. Didn't realize Saanich was so big. Where did you get those percentages? It's criminal that the CRD restricts access to the large backcountry areas that they bought with our tax dollars. With those kind of house prices people lose all perspective of money. The re-sale market is taking most of the hits in regulations to slow down price increases. And that’s why we are heading into trouble. If I had a million dollar home in Oak Bay right now (essentially sells itself) I would email 25 REALTORS® with a few photos attached and say, for example,…..”looking to hire a REALTOR® and willing to pay 3%100k+1.5%balance cooperating commission and $8,250 on the listing portion, would you be interested in a doing a listing presentation?” Guaranteed you would get bites and that is an easy $8,250 savings for about 30 minutes’ worth of work (copy and paste generic email). Regulation Sector. In contrast when we really need a boost to the economy in a foreclosure market the loan to value ratio might be increased thereby stimulating the economy. What’s $100k? Thanks Leo, I think you answered the question I should have asked, What is the best way to structure buyer’s agent commission. 3%/1.5% is the most common commission on each side of the transaction (I want to be careful not to say that it is the standard or normal commission, because the real estate industry gets antsy about implying there is a standard commission). The edgy slumlord shacks are getting slashed only small amounts in Oaklands for $28K at 3003 Shakespeare St where you can walk across the street for your McRonny’s burger. August 9, 2017 at 9:08 am People already in, using large equity gains coupled with leverage to buy additional properties. “Town of Sidney crews have been working continuously in alternating shifts since 4 p.m. [Sunday] to keep priority routes clear of snow and ice and to begin work on clearing secondary routes,” said Randy Humble, chief administrative officer. They will just be a little more of a risk taker than a federally regulated lender. (Seriously, there's a lot of free stuff in here.) Overpriced even for the peak of this crazy market. Would that still be possible now? Please be aware that some may take a couple of minutes to download. there has to be some cost savings in amalgamation. The MOI, Sales/listing ratio and the DOM to determine if the market is in balance, favors buyers or sellers. Propertyguys, private sales, mere postings, and 1% have a pretty small market share here. To find contact details of your selected council municipality, hover your mouse over a section of the map, and click on the selected council name that appears in a pop-up window. When we’re talking upwards of a million dollars, letting professionals handle every facet of the deal seems prudent. Irregardless, when addressing a person or thing directly, the name used must be offset with a comma. 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