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In Victoria, the PTT for an average house is $24,000, or $400/month for a five year term mortgage. Do that 2-3 times in your life and you'll be handing over $100,000 for no good reason, at all (inflation factored in).
Posted 02 April 2024 - 04:19 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 02 April 2024 - 05:26 PM
Real-estate activity from March shows house sales are still king, but the downtown condo market is facing headwinds.
Victoria's March real-estate market delivered house sales at a $1.29M average, while property listings rose 35% over last year
Posted 02 April 2024 - 05:48 PM
Do you live in a tin can under a bridge, bruh?
In Victoria, the PTT for an average house is $24,000, or $400/month for a five year term mortgage. Do that 2-3 times in your life and you're handing over $100,000 for no good reason, at all.
Posted 02 April 2024 - 07:34 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 02 April 2024 - 07:38 PM
You’re not really saving that money. Would the home be $24000 less if there was no PTT? No, the homeowner would sell it for $24000 more in most circumstances.
.
Posted 02 April 2024 - 07:48 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 02 April 2024 - 08:57 PM
Posted 03 April 2024 - 10:26 AM
Do you work for the government m3m?
Posted 03 April 2024 - 06:10 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 03 April 2024 - 07:22 PM
More socialist BS.
Posted 03 April 2024 - 07:46 PM
Posted 03 April 2024 - 09:19 PM
Posted 03 April 2024 - 09:56 PM
Posted 03 April 2024 - 09:59 PM
In other words, government is basically doing everything wrong, and ensuring that we may never get out of the current mess.
Posted 10 May 2024 - 04:13 PM
Amalgamation is a debate that’s been unrelenting between Saanich and Victoria since the turn of the century, and the Victoria Residential Builders Association (VRBA) is bringing it once again to the forefront, saying it would make homes more affordable.
“Right now municipalities are ratcheting up the price of housing, making it unaffordable, in addition to high interest rates,” said Casey Edge, executive director of the VRBA.
Edge says that although the province is trying to standardize housing rules across the province, the changes also allow municipalities to boost some of the other costs associated with new development, which isn’t exactly helping to keep costs low.
“Just about two weeks ago Oak Bay wanted to ratchet up the cost of rock blasting. It would have cost additional thousands and thousands of additional dollars,” Edge said.
“The District of Saanich has told us they are taking the floor space calculation from the exterior of the cladding (the outermost covering on an exterior wall). The B.C. Building Code says no it’s from the wall to the wall, not the exterior cladding. There are these things that the consumer doesn’t experience and they don’t see all these obstructions.”
Edge says that municipalities are now increasing their development cost charges or DCC’s, to pass off some of the cost of things like fire stations, police stations and water filtration plants onto the developers. He says that cost will only mean increased prices for consumers.
“This layering on of costs onto new housing, it’s no wonder that B.C. has some of the highest priced homes in Canada,” said Edge.
As a result, he argues the region should start seriously considering amalgamation.
https://www.cheknews...heaper-1203191/
Edited by Victoria Watcher, 10 May 2024 - 04:13 PM.
Posted 10 May 2024 - 04:20 PM
Posted 10 May 2024 - 05:29 PM
Any cost-savings re: painting cars purple would be negated when the governments implement their "too many purple cars" tax in order to address the issue of too many purple cars.
Posted 11 May 2024 - 06:58 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 04 June 2024 - 07:06 AM
$5,850,000
625 Lorimer Pl
https://www.realtor....stern-highlands
Edited by Victoria Watcher, 04 June 2024 - 07:09 AM.
Posted 04 June 2024 - 07:33 AM
What on earth is Victoria doing with $300 million this year? Or maybe it’ll be $320 million once the new tax bill comes in.
property-tax-insert-2024 (victoria.ca)
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