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Victoria's housing market, home prices and values


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#5861 Victoria Watcher

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Posted 14 June 2024 - 04:45 AM

$11,950,000

 

https://www.realtor....oak-bay-uplands

 

966342_1.jpg


Edited by Victoria Watcher, 14 June 2024 - 04:45 AM.

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#5862 Victoria Watcher

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Posted 14 June 2024 - 04:45 AM

 

 

 

 

966343_1.jpg

 

$11,399,000

 

https://www.realtor....-ten-mile-point

 

 

4040 White Rock St
Saanich, British Columbia V8N2K4

 

 

screenshot-map.saanich.ca-2024.06.14-08_49_59.png


Edited by Victoria Watcher, 14 June 2024 - 04:50 AM.


#5863 Victoria Watcher

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Posted 14 June 2024 - 04:46 AM

966372_1.jpg

 

 

$7,000,000

 

https://www.realtor....ich-cadboro-bay

 

 

3905A Cadboro Bay Rd

 

 

 

screenshot-map.saanich.ca-2024.06.14-08_52_11.png

 

 

 

^ that piece of property at 3911 is quite something.  61,300 sq. ft.


Edited by Victoria Watcher, 14 June 2024 - 04:58 AM.

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#5864 Victoria Watcher

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Posted 14 June 2024 - 05:08 AM

$3,499,000

 

 

https://www.realtor....ke-french-beach

 

 

2946 Fishboat Bay Rd
Sooke, British Columbia V9Z1G9

 

966500_35.jpg

 

966500_59.jpg

 

 

966500_1.jpg


Edited by Victoria Watcher, 14 June 2024 - 05:11 AM.


#5865 Mike K.

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Posted 03 July 2024 - 07:37 AM

It sounds like the Liberals may be moving towards a primary residence capital gains tax, ahead of the next election.


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#5866 Sparky

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Posted 03 July 2024 - 07:45 AM

^ That should finish them off.

#5867 Victoria Watcher

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Posted 03 July 2024 - 07:50 AM

No kidding.

#5868 Ismo07

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Posted 03 July 2024 - 08:14 AM

It sounds like the Liberals may be moving towards a primary residence capital gains tax, ahead of the next election.

 

Mortgages become a write off then?  Love to see how they would figure that out.  They couldn't make it retroactive I don't think.  Well I'm selling now.


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#5869 Nparker

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Posted 03 July 2024 - 09:00 AM

^ That should finish them off.


I should certainly hope so.

#5870 E2V

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Posted 04 July 2024 - 07:57 AM

Might be popular with GenZ, Millennials and even some of GenX if combined with an element of tax deductibility for mortgages. I’m sure the Liberals have studied it’s
potential effect on voters. Everything they do is political. Perhaps they’ve decided that Boomers are becoming irrelevant.

#5871 dasmo

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Posted 04 July 2024 - 07:59 AM

Time for pitch forks and torches? 



#5872 lanforod

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Posted 04 July 2024 - 09:16 AM

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope its just a rumour.



#5873 Ismo07

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Posted 04 July 2024 - 10:42 AM

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope its just a rumour.

 

It's been fear mongered I think...  But not seriously...  Not a lot I can find either.

 

Canada Will Not Apply Capital Gains Tax to Primary Residences in New Budget - RE/MAX Canada (remax.ca)

 

The good news for millions of Canadians is that principal residences would not be subjected to a capital gains tax. This had been a considerable fear among market observers heading into the official budget announcement. So, in other words, if the home was your primary residence for every year you owned it, you would not have to endure a capital gains tax.


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#5874 Mike K.

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Posted 04 July 2024 - 11:03 AM

Where is this info coming from, Mike? I did a pile of searching and came up with nothing. Sure hope it’s just a rumour.

Black Lock. About as good of a source as there is in this country if you want to follow politics intimately.

https://drive.google...tv22U4HTLr/view
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#5875 lanforod

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Posted 04 July 2024 - 12:34 PM

So you're basing that whole comment on 23 minutes of audio cut from some 'private town hall' (whatever that is, oxymoron...) and speculation of a far right technophobe reporter? 

 

Part of me hopes Trudeau does it just because it'd wipe out his party, but I don't think he's that stupid.



#5876 Mike K.

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Posted 04 July 2024 - 12:37 PM

No, it’s a widely talked about peculiarity in political circles. Black Lock is always well ahead of the curve, so when they raise a red flag, people take note.

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#5877 Ismo07

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Posted 04 July 2024 - 01:13 PM

So you're basing that whole comment on 23 minutes of audio cut from some 'private town hall' (whatever that is, oxymoron...) and speculation of a far right technophobe reporter? 

 

Part of me hopes Trudeau does it just because it'd wipe out his party, but I don't think he's that stupid.

 

There is not an easy way to just do this.  Everything would have to be assessed and values grandfathered etc.  Then there would also likely have to be tax breaks moving forward. Or just a huge reduction in taxes I guess, or the % that is taxed is very low.  Lot's to consider but they have less than a year and a half to do it.



#5878 Mike K.

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Posted 04 July 2024 - 01:34 PM

Why scrub their meetings with advocates of capital gains taxation on primary residences? If you having nothing to hide, that is.

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#5879 Ismo07

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Posted 04 July 2024 - 02:18 PM

Why scrub their meetings with advocates of capital gains taxation on primary residences? If you having nothing to hide, that is.

 

Not sure I haven't heard it...  Were they really scrubbed?  



#5880 Mike K.

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Posted 04 July 2024 - 02:33 PM

Yes, over 20 minutes cut out from the recording, according to Blacklock.

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