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Downtown Victoria condo pre-sale market.....


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#21 pherthyl

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Posted 21 September 2012 - 05:33 PM

Well then what's to complain about? Sounds like you're happy about where you live. Good for you.

All things being equal, I would prefer newer and concrete to older and wood (I'm assuming your place is wood...many older condos are).


The allure of stainless steel wears off. The small size never gets bigger.

#22 Mike K.

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Posted 08 October 2014 - 03:31 PM

condo-sales-centre.jpg

 

Pre-sale condo buying tips to save you money, time and disapointment

By Marko Juras, VibrantVictoria.ca

http://vibrantvictor...-disapointment/

 

One of the things so many buyers enjoy most about pre-sale condo purchases is the anticipation. Unlike buying a completed home, a pre-sale purchase oftentimes affords a buyer more choice, additional time to save money for a down payment, and the thrill of watching a new home rise from the ground.

 

However, what is presented on paper or through computer generated visuals may not always be what the finished product will look like. And in some cases completed units may present surprises that some buyers will wish they had known about prior to settling on a specific unit.

 

The following five pre-sale condo purchase tips were learned throughout several pre-sale purchases and are intended to assist buyers with making sure one of life’s most important financial decisions does not come with unexpected surprises. [Read full article]


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#23 SamCB

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Posted 26 April 2016 - 07:22 PM

How does it work to buy a pre-sale from a private buyer?
For example, if I found a pre-sale buyer who has pre-purchased a janion unit, and they agree to sell me the unit before it's built. How does that work? Is it possible?

On another note does anyone want to sell me their janion unit? Pm me.

#24 Mike K.

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Posted 26 April 2016 - 07:35 PM

Most agreements do not allow the resale of a pre-sale unit. I believe Janion is one of them.

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#25 SamCB

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Posted 26 April 2016 - 08:15 PM

Ah, thanks Mike.

#26 Nparker

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Posted 26 April 2016 - 08:26 PM

Most agreements do not allow the resale of a pre-sale unit. I believe Janion is one of them.

Mostly because it's such a tongue-twister: "resale of a pre-sale".  :banana:



#27 MarkoJ

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Posted 26 April 2016 - 08:44 PM

I believe the developer at the Janion needs to approve any assignments.  At least three people have emailed me about wanting to assign at the Janion, maybe try posting in the Janion construction thread?


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#28 JanionGuy

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Posted 27 April 2016 - 05:51 AM

I've posted this before on the Janion thread but i'll add it here again for SamCB.

 

It's in the original purchaser's contract that an "assignment"  (ie. presale resale) is possible but with a few key caveats, including:  Firstly permission is required from the developer.  Secondly, the marketing of the unit must be done through the developer's agents. And there is $1000 fee payable to the developer, i imagine to cover paperwork expenses.  I have been told that one person so far has completed a transfer, there may be others.



#29 Mike K.

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Posted 27 April 2016 - 05:57 AM

Ah, interesting.

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#30 ovovov

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Posted 29 May 2017 - 11:26 PM

interesting points on assignment.  wonder why would anyone wants to sell the pre-sale....... read about the details on assignment, some developers would pocket some of the proceeds from the re-sale of the pre-sale anyway. like 1.5%



#31 Mike K.

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Posted 30 May 2017 - 06:19 AM

1.5% of the total value of the sold pre-sale, just to clarify. And that's only if approved by the developer. They may not allow you off the hook.

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#32 RustyNail

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Posted 02 November 2017 - 11:45 PM

condo-sales-centre.jpg

 

Pre-sale condo buying tips to save you money, time and disapointment

By Marko Juras, VibrantVictoria.ca

http://vibrantvictor...-disapointment/

 

One of the things so many buyers enjoy most about pre-sale condo purchases is the anticipation. Unlike buying a completed home, a pre-sale purchase oftentimes affords a buyer more choice, additional time to save money for a down payment, and the thrill of watching a new home rise from the ground.

 

However, what is presented on paper or through computer generated visuals may not always be what the finished product will look like. And in some cases completed units may present surprises that some buyers will wish they had known about prior to settling on a specific unit.

 

The following five pre-sale condo purchase tips were learned throughout several pre-sale purchases and are intended to assist buyers with making sure one of life’s most important financial decisions does not come with unexpected surprises. [Read full article]

Second link doesn't work :-(



#33 Kungsberg

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Posted 24 April 2018 - 11:25 AM

The BC government brought forward legislation today related to housing, including:

 

Force real estate developers to report when a condo unit is flipped prior to the completion of construction, and allowing the Office of the Superintendent of Real Estate to investigate if there is evidence that such information is not being disclosed. "For too long, people who resell condos before they have been built have been inflating real estate prices, without necessarily paying taxes on their gains," said finance minister Carole James in a statement. 

 

http://www.cbc.ca/ne...oning-1.4633273



#34 tjv

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Posted 25 April 2018 - 05:13 AM

No issues with that, I think that has happened for too long, but I would take it a step further and landlords who aren't paying income tax on their condos for rent, basement suites, etc


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#35 lanforod

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Posted 25 April 2018 - 08:54 PM

No issues with that, I think that has happened for too long, but I would take it a step further and landlords who aren't paying income tax on their condos for rent, basement suites, etc

The problem there is lack of enforcement.



#36 Sparky

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Posted 25 February 2019 - 12:55 PM

Here comes the presale registry to catch all you condo flippers.

https://vancouversun...df-332de30d0339

#37 Mike K.

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Posted 25 February 2019 - 01:00 PM

This registry has been underway since the start of the year, no?


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#38 MarkoJ

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Posted 25 February 2019 - 01:38 PM

Funny thing is the government collects a $195 at the lawyers on all assignments to fund this registery. 

 

I don't remember that being disclosed in any of the media releases. 


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2018 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



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