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Victoria BC Waterfront Boats

Victoria Ranked 2nd Best City in Canada for Millennials

According to housing portal Point2 Homes, Victoria is a “magnet city for young, educated Canadians.” The site released its “Top Millennial Hot Spots in 2018”, ranking 85 cities Canada wide, including smaller cities as well as major metropolis areas like Toronto and Vancouver.

 

Coming in at #2, just behind Quebec City, Victoria is a favourite amongst younger Canadians for a variety of reasons, including climate, life satisfaction, and “the second highest percentage of millennials in the country.”

 

Our sunny capital placed #1 in Climate and Life Satisfaction categories, ranked low in unemployment, and has an exceptionally educated population.

 

“Victoria is growing and changing,” said city Mayor Lisa Helps. Continue reading

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Doorway covered in ivy

8 Real Estate Hacks Everyone Should Know

1. Hire the Best People

This one will depend on your situation, but the principle applies everywhere. If your home is ready to sell this will just mean finding the best agent in your area to sell it for you. “The best agent” isn’t necessarily the highest selling agent in your area (although that’s a good place to start). Check out their reviews, their photography and videography work, and call or meet a few different realtors to see if their personality is a good fit.

If your property has potential, but needs some TLC, find the best developer to help you get extra value from your property, or the best investor to purchase it as-is. This also means finding the best mortgage advisor (hint: it’s not always the one at your bank) if you plan on getting a loan.

Finding exceptional people is always worth the time and the slight increase in cost, especially when it comes to dealing with your home. Real estate is one of those industries where there are exceptional, motivated, creative agents, but there are also plenty of mediocre ones who don’t even like their jobs. Find someone who treats you like family and stick with them. They’ll return the favour by continuing to give 110% and giving you the most value for your money every time.

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Victoria BC City Hall

City Council Officially Moves to Restrict Airbnb Rentals

 

BIG news this week for Victoria’s booming Airbnb industry as city council decided to restrict short term vacations rentals across the city.

According to Times Colonist, the City of Victoria had two main factors that influenced this decision:

  • The housing crisis in Victoria (resulting from extremely low vacancy rates)
  • The unfair competitive advantage of Airbnb rentals over the conventional hotel industry

Basement suites and detached suits provide essential housing for families and individuals in the city, and these regulations will ensure that any short-term rentals in the city will be required to have a business license and comply with all city bylaws. Continue reading

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Top 7 Decorating Ideas To Get Your Home Ready For Christmas

I know, I know. It’s not quite December, and that means for some it’s too early to decorate for Christmas, but we can start planning right?

It’s been getting colder every day, and at VictoriaHomes.com we’ve been wearing mittens and sipping on hot chocolate for weeks now, and it’s got us feeling festive! We can’t wait to pick up a Christmas tree and deck our house out in Christmas lights, but for now here’s a little inspiration to get your home ready for the holidays. Continue reading

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New Mortgage Rules Video - VictoriaHomes.com

Dec 31st Mortgage Overhaul

Call Alex – (250) 882-3335

Alex Burns from RE/MAX and VictoriaHomes.com speaks with Jason Chapman from Mortgage Architects about the upcoming changes to mortgage lending rules coming up in December.

This major shift will affect over 80% of Canadians. Listen in as Alex and Jason discuss what this means for you, and how you can be ready for the biggest change to lending rules Canada’s history! Continue reading

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Kitchen Dinning Room Picture

How to Save on New Flooring

If this is your first home renovation, you might not realize how quality flooring can transform an ordinary home into a beautiful one. To save on costs, some homeowners try and get away with the old flooring for as long as possible if it isn’t too worn, or try carpeting over the existing flooring to cover it up.

Putting in low maintenance flooring that will last forever is just fine for a rental property– where your goal is to create as few headaches as possible over the years, but when it comes to your home you’re renovating to increase the value of your property and to create a space that a future buyer will love.

Flooring has the potential to transform a space, but it doesn’t have to break the bank either. Here’s a few tips to help you keep your renovation under budget, while wowing potential buyers and maximizing the value from your investment. Continue reading

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Victoria Unemployment Rising, but 1000’s of Job Postings Available?

Job Boom Continues, but Unemployment Rate Rising

2017 is turning out to be a big year for Victoria, as the city continues to see a boom in economic activity trickling down from the tech industry into real estate, construction, and tourism.

This surge in technology and construction has led to an increase in economic activity, causing Victoria’s unemployment rate to drop to 3.8% in March, which at the time was one of the lowest unemployment rates in Canada. Continue reading

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Fisherman's Wharf Victoria

Victoria Ranked as Second Best Small City in the World

When it comes to choosing the perfect place to live, it’s hard to do better than Victoria. Scenic ocean views, world-class gardens, and in the summertime, a bustling inner harbour packed with street musicians, entertainers, and artisans make our city the perfect place for tourists and residents alike.

Travel magazine Condé Nast Traveler recently announced their 2017 list of top cities in the world, and Victoria ranked as the second best small city in the world!

The magazine gave a shout-out to Victoria’s Red Fish Blue Fish as a great place to enjoy classic British fish and chips, and recommended a few local pastimes, such as kayaking in the inner harbour, and taking in the views at the Ogden Point breakwater.

 

Here are Condé Nast Traveler’s top 20 small cities from around the world:

  1. San Miguel de Allende, Mexico
  2. Victoria, Canada
  3. Florence, Italy
  4. Bruges, Belgium
  5. Lucerne, Switzerland
  6. Salzburg, Austria
  7. Nuremberg, Germany
  8. Quebec City, Canada
  9. Cologne, Germany
  10. Lisbon, Portugal
  11. Copenhagen, Denmark
  12. Edinburgh, Scotland
  13. Bergen, Norway
  14. Stockholm, Sweden
  15. Seville, Spain
  16. Prague, Czech Republic
  17. Venice, Italy
  18. Puerto Vallarta, Mexico
  19. Dublin, Ireland
  20. Jerusalem, Isreal

 

Check out the full list, including their top 20 large cities here.

What are your favourite pastimes in Victoria? Let us know in the comments section below!

 

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Parliament Victoria BC

Victoria Now #1 Place in Canada to Retire

Victoria has been a hot topic this month, creating national buzz this month as popular Canadian finance magazine Moneysense ranked it as the number one place to retire in 2017!

Well known for its beautiful landscapes, stunning ocean views, and warm weather, Vancouver Island draws people from across the country and around the world. While many people grow up here and raise a family, typically Victoria attracts two main demographics: students, and retirees.

With three major post-secondary schools and a variety of specialty institutions, Victoria has long been the Mecca of university students from across Canada and around the world, drawing in over 30,000 students in a school year. Continue reading

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Vancouver Island Voted Best Island in Canada

Victoria made a splash this week in Travel & Leisure Magazine, where readers voted Vancouver Island the #1 island in Canada in a survey for the magazine’s World’s Best Awards!

The magazine praised our island’s special blend of wilderness and civilization, with an easy transition “from the sophisticated, historic city of Victoria to the feeling of getting away from it all.” Those who live here have experienced this firsthand, with several gorgeous beaches, parks, and rivers within an hour drive from the capital region. One reader put it this way: “Whether you just want to look, or explore the island on foot, kayak, or boat, you will be delighted.” Continue reading

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