Guess not.
Thanks for the feedback, sd.
![]() | BUILT Belmont Residences East Use: condo Address: 940 Reunion Avenue Municipality: Langford Region: West Shore Storeys: 5 Condo units: (1BR, 2BR, 1BR + den, 2BR + den) Sales status: sold out / resales only |
Posted 02 April 2019 - 08:57 AM
Guess not.
Thanks for the feedback, sd.
Know it all.
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Posted 02 April 2019 - 10:45 AM
One, Bosa builds other places besides Vancouver
- Bosa Properties and BlueSky Properties have no condominium inventory planned (to my knowledge) or underway in Greater Victoria. The equity program would require a Victoria resident to purchase a condominium outside of Greater Victoria.
Not to start up this argument again, but this is a bit of a strange point. Renters who move into 1008 aren't going to take that first month rent equity and immediately put it towards a Bosa property. They need quite a bit of time to build any real value. So even if Bosa had a project ready for market in Victoria now or even a year from now, no renters would be able to apply that credit towards that project anyways.
By the time that value exists, Bosa could very well have another property approved or under construction in Victoria. They've built here before and will build here again. Also, renters have up to two years after they end their tenancy with BlueSky/Bosa to use that credit. So if you sign a one year lease starting this fall and move out fall 2020, you would have until fall 2022 to use the credit. That's a lot of time for Bosa to get a project underway in Vic.
I'm with sd here...what's the issue in noting in the article that there is in fact another rent-to-own program about to begin in Victoria? If anything it just gives the reader more information about two great options for renters trying to enter the market.
Posted 02 April 2019 - 11:14 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 02 April 2019 - 11:20 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 02 April 2019 - 11:59 AM
Posted 02 April 2019 - 12:20 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 04 April 2019 - 09:16 AM
My reading of the Belmont proposal is that your "points" would be used as a discount against the purchase price (as opposed to a refund or payment that you could use to make the purchase). Would you still not need to come up with the full deposit however to get a mortgage (ie the reduction in price doesn't count towards the deposit requirements).?
Posted 05 April 2019 - 02:30 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 05 April 2019 - 11:28 AM
Posted 05 April 2019 - 04:16 PM
anyone know anything about the remaining condo buildings to be built? have they been given the go ahead?
Posted 17 July 2019 - 12:34 PM
The developer is also offering 5% down-payments/security deposits.
Aerial of the Belmont Market shopping centre and the MyBelmont residential district rising alongisde the retail hub. MyBelmont's Belmont Residences West, at-centre along the tree line, has reached 75% sold-out status and to celebrate the milestone 'cool' purchaser perks have been rolled out for a limited time ahead of the project's sell-out.
https://victoria.cit...new-purchasers/
Posted 30 July 2019 - 11:50 AM
Posted 22 August 2019 - 04:00 PM
80% sold-out now.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 15 October 2019 - 07:02 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 17 October 2019 - 06:58 AM
The entrance to one of two Crossing at Belmont rental buildings recently completed at the MyBelmont community on the Westshore. The 156-suite rental component of the mixed-use project is welcoming its first tenants this month. - Ledcor Property Development / Marcos Riano Photography
Rent-to-own pioneer Crossing at Belmont welcomes first residents to newly built Langford apartments
https://victoria.cit...ord-apartments/
Posted 17 October 2019 - 10:31 AM
From the Facebook post..."The buildings are also the first on Vancouver Island to offer a rent-to-own program for their residents.".
...except for 1008 Pandora, which has been offering the Bosa Equity program since renters first moved into that building in the summer...a point that was previously brought up in this very thread...
Posted 17 October 2019 - 10:37 AM
The point was also raised that there is nothing locally for the renters at 1008 Pandora to rent and then own. Every rental building in Victoria can announce it's rent-to-own, but without any inventory to offer it's not the same as what Ledcor was announced with Crossing at Belmont (rentals) and Belmont Residences West and East (condos).
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 17 October 2019 - 10:44 AM
Totally get your opinion, Mike, and not meaning to dredge up an old argument. Just pointing out the factual error that this is not the "first on Vancouver Island to offer a rent-to-own program", as a program of that nature already exists at 1008 Pandora.
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