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Stories Tagged - victoria
News
June 27, 2018 | Barb Livingstone
Up in the air
New B.C. speculation tax could prompt Albertan vacationers to look closer to home for second-property purchases
Scott Henderson has split his work time between clients in the Okanagan and those in his hometown of Calgary for the last 15 years.
Eight months ago, the marketing/communications agency owner got pre-qualified for a mortgage for a second residence in Kelowna. Then, this February, B.C.'s provincial government announced a speculation tax on out-of-province and foreign owners to discourage buy-up of housing by investors who, it claims, leave homes empty and drive up home prices. A homeowner can avoid the tax by living in, or renting out, the home half the year.
Scott Henderson has split his work time between clients in the Okanagan and those in his hometown of Calgary for the last 15 years.
Eight months ago, the marketing/communications agency owner got pre-qualified for a mortgage for a second residence in Kelowna. Then, this February, B.C.'s provincial government announced a speculation tax on out-of-province and foreign owners to discourage buy-up of housing by investors who, it claims, leave homes empty and drive up home prices. A homeowner can avoid the tax by living in, or renting out, the home half the year.
News
Feb. 14, 2018 | Andrea Cox
Return to their roots
Finding the right home in a welcoming community
When Chris and Carly Dykstra sold their home in Victoria's Oak Bay neighbourhood last spring, they debated what their next step would be. They had lived on the West Coast for close to 10 years, raising their three girls who are six, 10 and 11. But when push came to shove, the Dykstra family decided to move back to Calgary, where Chris had started his career and the couple's two eldest girls had been born. They found their perfect home, one that would accommodate three children, three Golden Retrievers, a cat and a bunny – a 4,500-square-foot, open-concept, custom home in the family-friendly neighbourhood of Watermark in Bearspaw.
When Chris and Carly Dykstra sold their home in Victoria's Oak Bay neighbourhood last spring, they debated what their next step would be. They had lived on the West Coast for close to 10 years, raising their three girls who are six, 10 and 11. But when push came to shove, the Dykstra family decided to move back to Calgary, where Chris had started his career and the couple's two eldest girls had been born. They found their perfect home, one that would accommodate three children, three Golden Retrievers, a cat and a bunny – a 4,500-square-foot, open-concept, custom home in the family-friendly neighbourhood of Watermark in Bearspaw.
News
June 30, 2016 | Jamie Zachary
Calgary MLS® prices expected to rise in 'balanced' market
Sellers' conditions in B.C., buyers' in Saskatchewan
A new report from the Conference Board of Canada says balanced conditions in Calgary's resale housing market are expected to create price gains in the coming months.
In its June Metro Resale Snapshot, the organization anticipates the city's MLS® price will increase between zero and 2.9 per cent over the short term. In May, the house price in Calgary was $465,840, up 1.1 per cent from April and 2.3 per cent from a year ago.
Study author Robin Wiebe classified Calgary's housing market as balanced, noting sales volumes in May increased by 1.6 per cent on a month-over-month basis, while listings declined by 1.9 per cent.
A new report from the Conference Board of Canada says balanced conditions in Calgary's resale housing market are expected to create price gains in the coming months.
In its June Metro Resale Snapshot, the organization anticipates the city's MLS® price will increase between zero and 2.9 per cent over the short term. In May, the house price in Calgary was $465,840, up 1.1 per cent from April and 2.3 per cent from a year ago.
Study author Robin Wiebe classified Calgary's housing market as balanced, noting sales volumes in May increased by 1.6 per cent on a month-over-month basis, while listings declined by 1.9 per cent.
