1939 replies to this topic

[Mike K.]

Double-ended deal there, same brokerage representing the buyer and seller.

[lanforod]

Are brokerages prevented from double ended deals or just the realtors themselves? Two who work for Colliers or Remax or Sothebys would be tough to always avoid I’d think.

[Mike K.]

It’s not an ideal situation, but there is a brokerage or two in Victoria that end up in that situation very, very often.

There are a whole bunch of commercial agents in this town, representing a whole bunch of brokerages.

[lanforod]

Answer the question…

[Mike K.]

Yo, what?

Don’t be rude. You already answered your own question.

[spanky123]

 

PRICE | $21,175,000

 

 

 

Either the sale closed 3 months ago or somebody made a tidy little profit flipping the properties!

[Victoria Watcher]

B.C. landlord can increase rent 23.5% because of variable mortgage: arbitrator

 

 

Questions are being asked about whether this will prompt more applications for rent increases beyond what’s allowed by government.

https://www.timescol...itrator-9353007

[Nparker]

If my property taxes are allowed to increase 26% in one year, I see no reason why rental increases should be capped at 3.5%

[Ismo07]

If my property taxes are allowed to increase 26% in one year, I see no reason why rental increases should be capped at 3.5%

 

If you do the math on 26% on $2,500 and 3.5% on $30,000, you'll see...

 

Did your property taxes after grants really go up by 26%?

Edited by Ismo07, 16 August 2024 - 12:23 PM.

[Tony]

Property taxes are based on assessed value. If there is no assessed value increase/decrease then property taxes rise by the percent increase set by the city.

 

For property taxes to increase 26% the assessed value of a property must have increased significantly for some reason unless the city tax rate was 26%

[Victoria Watcher]

[Mike K.]

Gatineau, lol. What a terrible place that was. So much bigotry towards English speaking people.

[Tony]

When I lived in Quebec the Anglophones had a very superior and negative attitude towards the Francophone community. I was astounded as a new Anglophone immigrant. This attitude was also reflected in behaviour towards Francophones and also reflected in employment opportunities and almost segregated housing communities.

 

One bad situation does not excuse the same behaviour many years later to the next generation. The situation I found in Quebec lead to the development and support of the FLQ and the  PQ movement.

Most Anglophones even now do not have an understanding of the situation in PQ at that time. It was simliar to the situation I found around the same time in the southern US states.

[Mike K.]

When you’re a bigot towards a tourist, you’re an idiot. Low intelligence should not be rewarded, but in communities that lack good leadership the lowest common denominators take over, and an ugly society is nourished.

Gatineau is an embarrassment for Canada, is all I can muster up to say, and that’s putting it very politely. To think they share the nation’s capital with Ottawa and still can’t overcome their historic grievances for the benefit of their community is bewildering to me. So much lost opportunity, and so much energy put towards victimhood.

[Nparker]

...so much energy put towards victimhood.

Victimhood is the #1 industry of the 21^st century.

[Victoria Watcher]

I was going to say, that is taught in school now.

[Matt R.]

What’s up with Gatineau? I spent an evening there once, seemed normal.

[Victoria Watcher]

B.C. caps rent increases next year at 3 per cent, matching inflation

 

 

Housing Minister Kavi Kahlon says the inflation-indexed rent cap protects tenants against unfair rent hikes while letting landlords cover rising costs.

 

https://www.timescol...flation-9434660

[Nparker]

B.C. caps rent increases next year at 3 percent, matching inflation...

Presumably property tax increases will also be capped at 3 percent.     

[Victoria Watcher]

Renters who live in two apartment buildings set to be demolished to make way for a 21-storey rental tower near CFB Esquimalt are banding together in hopes of staving off their eviction.

 

Residents at the nearly identical 1970s-era four-storey apartment buildings at 1340 Sussex St. and 1337 Saunders St. have formed a tenants association linked to the Victoria Tenants Union, a renter advocacy group.

 

The Nelson Street Tenant Association, named after the street fronting the two apartment complexes, said a majority of the 68 households in the two buildings have joined the association, which is demanding to be recognized as a collective bargaining unit.

 

In June, Intracorp Homes BC submitted a rezoning application to replace the two apartment buildings owned by Belmont Properties with a 335-unit, 21-storey rental tower, which would also include commercial space.

 

Nelson Street Tenant Association member Sean Sullivan, who lives at 1337 Saunders St., said residents have been told they have to be out of the building by next fall.

Tenants first began receiving notice that the building was going to be torn down about three months ago, but no formal eviction notices have been served, he said.

 

Sullivan, who shares an $1,800 monthly rent bill with a roommate, said an equivalent two-bedroom apartment in today’s rental market would likely cost $800 more per month.

 

“Nobody should have to choose between whether they can have lights on in their house or [whether] they eat,” he said. “You make $30,000 a year, you should be able to have a roof over your head.”

 

 

 

https://www.timescol...viction-9497630

 

 

 

“You make $30,000 a year, you should be able to have a roof over your head.”

 

 

 

 

BC minimum wage is $36,192 for 40 hours per week.

 

 

 

https://turbotax.int...calculator.jsp#

 

 

 

 

 

By the time I was 20 I had a job that paid nearly 3x the minimum wage, plus I worked an extra weekend job.   Come on.

Edited by Victoria Watcher, Today, 02:18 AM.