Market Updates, Real Estate Tips and More Blog

Friday, June 23, 2017   /   by Chris Gill

Victoria Condo Listings: Let's Get Your Condo Listed

Are you thinking of adding your home to the available Victoria condo listings in the near future? Maybe it’s time for your family to upgrade to a single-family home, or perhaps you’re leaving Victoria altogether. Whatever the reason for your sell, The Condo Group can help you.

Victoria condo listings aren’t plentiful, so let’s get your condo in the mix and get it sold fast!
But in an effort to make your sale as seamless as possible, there are three things you can do to get yourself ready.
Declutter
We know you have a ton of belongings, but your personal belongings can actually work against you. Tuck away all personal items, like photos, postcards, and awards. Clean up your kitchen counters and try to eliminate as much counter clutter as you can. We want buyers to imagine themselves living in their next home!
Clean
This goes without saying, but clean your place. Please! Top to bottom, inside and out. When the photographer comes in to t! ...

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Wednesday, June 7, 2017   /   by Amy Francoeur

Go Green: TCG Makes 'Surfrider' Again

The Condo Group is proud to announce that we have achieved the “Surfrider” level certification for the second year running from Vancouver Island Green Business Certification. Our goals as a company include reducing our carbon footprint and to go green, and we have worked hard to take care of our planet every day while we’re at work.
Vancouver Island Green Business Certification (VIGBC) recognizes and promotes local businesses who are focused on reducing their impact on the environment. They cater to businesses, helping them to make their offices more environmentally sensitive; however, they also help consumers recognize local businesses who are making this a focus.
To be certified, The Condo Group hosted a representative from VIGBC who toured our office and took a good, hard look at our choices and practices within our office. Items included in the checklist were building and operations, transportation, water usage, purchasing and products, waste, and social in. ...

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Thursday, June 1, 2017   /   by Amy Francoeur

Strata Documents: What You Need to Know

They say knowledge is power, and this is especially applicable when it comes to buying a condo. Know what you’re getting into, but more than that, understand what you’re getting into, including your strata documents.

Strata documents are an intricate part of a condo purchase, and you need to understand what you’re looking at.
In the Times Colonist, Tony Gioventu, executive director of the Condominium Home Owners Association, answers questions people have about their condos. This particular one deals with first-time buyers who thought they were doing the right thing by paying attention to the fact that there was a depreciation report included in the strata documents but are now facing a heavy special levy because the depreciation report left out crucial details.
Of all the strata documents available to you when buying a condo, the Form B and the depreciation report are the two that should start your reading list. The Form B will give you a good. ...

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Wednesday, May 17, 2017   /   by Amy Francoeur

Appraisals: How Do They Play Into Buying a Home?

The Canadian real estate market is in flux right now, and Victoria is no different. We’re seeing prices continue to rise with inventory still falling short of meeting demand. On top of that, the federal government has introduced mortgage rule changes to try and combat the ignited real estate markets, including how appraisals work.

Appraisals are becoming common for almost every home purchase in Victoria right now, as values and purchase price don’t always correlate.
Who Orders Appraisals?
It is likely that, should you be financing your purchase, your lender will require an appraisal. In past markets, lenders would only require appraisals on conventional mortgages, or a mortgage with 20% down or more. However, because appraisals are reflections of fair market value, in cities like Victoria where value and price may not necessarily correlate right now, lenders want to ensure that their investments are protected.
But What Does Value Mean?
Fair market value is& ...

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Wednesday, May 10, 2017   /   by Amy Francoeur

Victoria Community: TCG Partners with PISE

In honour of The Condo Group’s 10th anniversary in the Victoria community, we are pleased to announce that we have partnered with the Pacific Institute of Sport Excellence (PISE) to sponsor their SportsStart Grant. On Saturday, May 6, Tony and Chris were on-hand at PISE’s Family Sport and Recreation Festival and presented The Condo Group’s $10,000 contribution to Robert Bettlauer, CEO of PISE, and Stacey Lund, Business Development of PISE.

On May 6, The Condo Group presented PISE with a $10,000 donation to help further their work with kids in the Victoria community.
We take great pride in our community, and we wanted to give back to the various groups that helped shape our team members. Sports is an important facet to each of us here, especially Tony’s, and it was important that we find an organization to help support in our community.
PISE works with elite athletes and the local community, using with state of the art technology and trainers, in partne. ...

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