Colin Gareau

Patience, Integrity and Well-Balanced Advice

This is always a busy time of year in Real Estate, and 2018 is proving to be no exception! The number of listings coming on each week is exciting for those who are scouring the market for their dream home! There are more listings now available this year, than last year, and we are only half way through the month of May. Delayed offers are proving to be the norm and not the exception, so make sure all your "ducks are in a row" and you are ready to move forward if you see a property that checks all your boxes. According to a recent CIBC Capital Markets report, 47% of all existing mortages will need to be refinaced in 2018. This increase was an unintended consequence of regulatory changes that have come in waves over the last years. The purpose of the regulatory changes was to reduce risk...

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Dont Forget This New CRA Tax Rule!!

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-sold-your-home-cra-may-penalize-you-if-you-fail-to-report-it/


 

It is hard not being smug when you live here. Easter weekend was for the most part sunny and warm, but don't tell that to friends or family in Edmonton or Calgary. The climate patterns are all over the map these days. Someone said to me the other day that cruise ships heading up to Alaska have been able to alter their start dates because the winter snow and ice are not as much of a factor as they used to be on route to the North. 

This time of year always brings a rush of activity to the market with the number of listings increasing, as people love to sell when their garden is looking its best. After...

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This Could Be Your Next Home!


I am aiming to write one Newsletter/ Blog a month and I will endeavour to share information about the Real Estate Market in Victoria and the Capital Region. In addition, there will be links to articles and information about some of my favourite things too: travel, food, the outdoors, events around the city and so much more! Feel free at anytime to unsubscribe, I know the inbox can get rather full.


 

 


What's Happening In The Market??

The sentiment above might be a good one if you are an owner of Real Estate in Victoria, but I would not recommend waiting any longer if you want to purchase. There is low inventory (Victoria Real Estate Board statistics show a 7.3% decline from Dec/17 to Dec/18) and the pickings are slim, but I don't see the prices...

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