The Properties In Victoria Professionals™ team has been practicing real estate in Victoria BC since 1986. With years of experience in working with both buyers and sellers, in the local Victoria BC market, there is a tremendous advantage in working with a dynamic group of full time professionals. Contact us today weather you are looking for your first home or a seasoned veteran looking for that luxury real estate or anything in between.

Thursday, 31 January 2008
Five Important Immigration Questions to Consider when Moving To Victoria BC Canada
FIVE IMPORTANT QUESTIONS
Over my years of practice, I have noted that there are five questions that foreign nationals usually ask prior to applying for immigration. Here are the questions and the answers:
1. Will buying a house or a business help my immigration to Canada?
Buying a house does not increase chances of entry, but nor does it hurt. The purchase of a home certainly shows a connection to Canada and the home is ultimately treated as a part of the overall net worth of the individual, but simply owning a house and living here as a visitor will not affect the selection process.
Buying a business, however, could result in a faster entry into Canada based on a temporary work permit. CAUTION! Buying a business must be part of a comprehensive immigration strategy. The purchase must be strategized with other qualifying factors, such as overall asset base, the projected performance of the business and previous business experience. These important aspects are examined and must be approved by the provincial government and/or the federal immigration department before any business is purchased. It is best to seek professional taxation and legal advice prior to purchasing a home or business.
2. As a foreigner can I get a mortgage?
The answer is yes. The requirements for obtaining a mortgage to finance a purchase, whether a home or a business will depend on the institution with which the foreign national will do business. Generally speaking, there is usually not a problem in securing mortgages with more-established financial institutions. These institutions will usually require a letter of introduction from the previous banking facility with which the foreigner has done business in his or her own home country. Previous income in the home country will also be verified. Also, institutions may require a greater percentage of the purchase price as a down payment.
3. How long can I stay in Canada? (Can't I just go out for a day and come back?)
Generally, a person is allowed a six month entry as a visitor. If a second home is purchased, one can bring in a reasonable amount of furniture as a "seasonal resident" without paying any duty. There is no corresponding regulation in the immigration act (IRPA) that states the person has to leave for six months before returning, so multiple entries can be allowed. CAUTION! You cannot "flagpole" continuously. Flagpoling means leaving Canada for a few days and then returning to Canada. Although such re-entry may be allowed on one or two occasions, the person does run a risk of being refused entry into Canada because he or she is living in Canada as a resident under the guise of being a visitor. The foreign national must maintain substantial roots with his or her home country. See the following website: http://www.victorialaw.com/details/articles/Flagpoling.pdf.
4. If I rent out my home, what are the tax implications?
Occasionally, foreign nationals will purchase a home, reside in it for a few months of the year and rent it out for the balance. NOTE: Special tax rules do apply to such situations and Canadian tax returns must be filed by the foreigner. In fact, if the taxation payments are not set up properly, the foreign landlord will be required to pay 25% of the net rental income per month to the tax department as a holdback until the tax returns are filed. However, such a drastic reduction of rent can be avoided if a Canadian resident is appointed on behalf of the foreign national to make the filings at the end of the year. CAUTION! When selling a residence, a foreign national must file a clearance certificate well in advance of the sale or there can be up to a twenty five percent holdback of the full selling price until the clearance certificate is obtained from the tax department.
5. Can I retire in Canada?
There is no retirement category under the immigration regulations. Such an avenue did once exist, but the retirement avenue of immigration was phased out in the late 1980s.
If an individual is buying a home with the view of ultimately retiring here, it is important to seek legal immigration advice immediately. Qualifying for immigration is time sensitive in that points are awarded based on the number of years of experience in both business and in work as well as the age factor. It is important that as soon as individuals are considering purchasing a home here in Canada that they seek immediate immigration legal advice to ensure that a proper strategy exists for the potential permanent entry in the future. There are also health and age-related questions which may impact the admissibility.
See the following website: http://www.victorialaw.com/details/articles/retirees.php
DAVID AUJLA
Canadian Immigration Lawyer
www.victorialaw.com
If you are planning on making a move here either from within Canada or from outside its borders please contact the Properties In Victoria Professionals team. We will not only help and educate you on the market her in Victoria, but we also have connections such as David Ajula who can help you with other professional matters
Cheers
Bill
Bill Ethier B.Sc - REALTOR®
Properties in Victoria Professionals - Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.
Wednesday, 30 January 2008
Dockside Green in Victoria, BC, in Wired Magazine's global race for first carbon-neutral community
For further information on this cutting edge environmental mixed residential real estate development in Victoria BC see the latest media release from Tartan Public Relations below.
According to Wired Magazine, the race for the first carbon-neutral, zero-emissions community is on, and Dockside Green in Victoria, BC is in the running.
Wired lists Dockside Green as one of the Top Ten greenest neighbourhoods
- 'ecotopias' - in the world, according to the latest issue of the magazine.
Dockside Green is a mixed-use residential development in Victoria's inner harbour which has aimed to set the standard for green residential developments in North America and around the world.
"Eco-topias aren't just for hippies anymore and they're sprouting up worldwide. Today's eco-communities are less crunchy and a lot more high tech. In addition to using renewable energy sources, these projects aim to limit their impact on surrounding ecosystems by building with green materials, promoting earth-friendly transportation, and recycling water and waste," notes Wired's web site at wired.com.
"The 1,000 units in this $600 million development will be built with wood from forests that were submerged by reservoirs. Dockside Green will promote bicycle use and offer a carshare program..." according to the web site.
Other communities in the Wired race are in Abu Dhabi, United Arab Emirates; Cambridge, England; San Francisco, California; Freiburg, Germany; Vaxjo, Sweden; Chongming Island, China; Liuzhou, China; Costa Rica; and Libya.
Wired is the foremost technology magazine in North America with a
monthly circulation of more than 700,000.
For a link to the article, please visit:
http://www.wired.com/science/planetearth/magazine/16-02/st_infoporn
About Dockside Green:
Dockside Green is the largest development of city land in Victoria's history, with a vision to create a socially vibrant, ecologically restorative, economically sound and just community. Leading the way in North America - all buildings within the Dockside Green community are being built to platinum LEED (Leadership in Environmental and Energy
Design) standards, the highest level in this rating system.
Once complete, Dockside Green will be a community for approximately 2,500 people incorporating the very highest in green standards and will include residential, live/work, hotel, retail, office, light industrial uses and numerous public amenities on Victoria's downtown harbour. The first residents will take occupancy at Dockside Green in March 2008.
Media contacts:
Tartan Public Relations
Office: 250-592-3838
Trisha Lees, cell: 250-896-3838, trisha@tartanpr.com
Melinda Jolley, cell: 250-881-6270, melinda@tartanpr.com
For more information on the Dockside Green Development please contact Properties in Victoria Professionals. Yoour Victoria BC real estate team.
Cheers
Bill
Bill Ethier B.Sc - REALTOR®
Properties in Victoria Professionals - Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.
Monday, 28 January 2008
Ecologically Friendly, Economically Smart – Green is the New Gold Standard for Outfitting a Home
In Victoria BC we are seeing the green development at its forefront with the anticipation of Dockside Green and its LEED standard, along with numerus other developments incorporating and enviroment frielndly code.
The Leadership in Energy and Environmental Design (LEED) Green Building Rating System, developed by the U.S. Green Building Council, provides a suite of standards for environmentally sustainable construction. Since its inception in 1998, LEED has grown to encompass over 14,000 projects in 50 US States and 30 countries covering 1.062 billion square feet (99 km²) of development area.[2] The hallmark of LEED is that it is an open and transparent process where the technical criteria proposed by the LEED committees are publicly reviewed for approval by the more than 10,000 membership organizations that currently constitute the USGBC.
Green friendly home improvements will likely yield a solid return on investment come selling time as almost three quarters of Canadians (72%) say they will look for a green-improved property in their next home purchase, and 63 per cent will be willing to pay more for an environmentally friendly home, according to the Royal LePage Eco Home Survey released today.
The Royal LePage Eco Home Survey, which examines the attitudes and opinions of Canadians with respect to green living, found that Canadians are willing to pony up cash for greener home features. In fact, of the majority of Canadians who are willing to pay more for an eco home, 62 per cent are willing to pay between $5,000 and under $20,000, for green features, while eight per cent (8%) of respondents are willing to spend $20,000 or more on a home deemed green.
“The mood of Canadian homebuyers and sellers is changing with the times - environmental concerns are impacting the decisions people are making about their dwellings. From simple energy conservation efforts to the more elaborate use of organic building materials, the environmentally conscious mindset that our agents are seeing in clients is not a passing trend,” said Phil Soper, president and CEO, Royal LePage Real Estate Services. “To service this growing segment of the real estate market, we are pleased to launch our partnership with the National Association of Green Agents and Brokers (NAGAB) as well as the green accreditation program. This program will educate and empower our REALTORS® and brokers, as well as consumers on how to make eco-friendly decisions when it comes to the home.”
Through various education courses funded in part by the Ministry of Energy, Royal LePage real estate agents will be trained by the National Association of Green Agents and Brokers to assess environmental elements within a home and identify properties that adhere to green standards. Royal LePage members who take the National Association of Green Agents and Brokers training will be easily identifiable though a special designation logo.
“Few people realize that residential, commercial and institutional buildings represent more than 33 per cent of our total greenhouse gas emissions,” said Elden Freeman, National Association of Green Agents and Brokers founder and executive director. “While it is unreasonable to completely reduce carbon dioxide created by homes, there are various practices homeowners can implement, such as installing high-energy efficient windows, doors and insulation, high efficiency furnaces and appliances, and water-conserving fixtures such as showerheads and toilets that will significantly reduce negative effects on the environment.”
While positive changes are occurring in the general population there is much work to be done. More than half (51%) of all survey respondents say they are very concerned about the environment and think we are in dire need of change some are not as quick to implement changes. When asked, “What is preventing you from making your home more green?” over half (54%) of respondents said it was too expensive to do, while 15 per cent said they have no idea where to start.
Added Soper: “Canadians need to know that going green can certainly be within their means and within their reach. There are many simple and affordable measures that can lead to big gains for the environment, and many of the practices can actually save homeowners money.”
Small Steps for Big Change
When it comes to describing how green their current lifestyle is, 72 per cent of Canadians say they engage in traditional recycling practices. Making a difference can be as simple as implementing small environmentally friendly practices. The most popular green modifications that poll respondents already implement in their homes include switching from regular light bulbs to CFL light bulbs (74%), adding window and door sealers to prevent heat loss (61%) and switching to high efficiency washers and dryers and using low flow water fixtures (54%).
Some homeowners are taking bigger leaps. Caryn Thompson, a Toronto-based health promoter and owner of an eco-friendly home, is among those Canadians that took on green modifications when she and her husband decided to renovate their home. To create their eco enclave they opted for highly energy efficient windows made with low-e glass that decreases heat gain in the summer and keeps the house warm in the winter, installed central air that uses puron, and have painted with low or no VOC (Volatile organic compounds) products.
“When we decided to renovate our home, we wanted to make choices that would have the least impact on the environment and create a healthy indoor space for us,” said Caryn Thompson.
Motivating Forces of Nature
When asked, “What is the most influential factor for making your home more or completely green?” 35 per cent of respondents cited they are doing it for their children so they inherit a healthy planet; 32 per cent are doing it for the cost savings; and one quarter (25%) are doing it for their health and to have peace of mind they are living the best they can.
Mature Canadians edge out the younger set when it comes to recycling. Respondents aged 55+ (77%) are more likely than those aged 18 to 34 years (67%) to engage in traditional recycling practices.
More women (31%) than men (18%) are going green for their health. Conversely, more men (41%) than women (23%) cite cost savings as the most influential factor for making a change.
Additional Poll Highlights
- Atlantic (72%) residents are the most likely to pay more, whereas Ontario residents (60%) are the least likely to pay more for an eco-friendly dwelling.
- Fourteen per cent (14%) of homeowners are already living in an eco-friendly abode.
- The survey found that 16 per cent of respondents say they exercise their green side from time to time, when it is convenient, and only nine per cent (9%) claim to be at one with Mother Earth, and live a very green lifestyle.
- Seventy-eight (78%) believe there is a direct link between the unseasonably warm temperatures and decades of the world's lack of awareness about the environment. Albertans are the most reticent about such a link, with 68 per cent of respondents from Alberta claiming to see a link, whereas 82 per cent of people in Quebec believe the two elements are related.
Poll Methodology
Angus Reid Strategies conducted poll portion of the Royal LePage Eco Home Survey, with fieldwork completed on Tuesday, October 16, 2007. The poll was conducted on-line with a national representative sample of 1,266 Canadians survey respondents aged 18 year and older. The results have a maximum margin of error +/- 2.75% 19 times out of 20.
About Royal LePage
Royal LePage is Canada's leading provider of franchise services to residential real estate brokerages, with a network of over 13,000 agents and sales representatives in 600 locations across Canada operating under the Royal LePage, Johnston & Daniel, and Realty World brand names. Royal LePage manages the Royal LePage Franchise Services Fund, a TSX listed income trust, trading under the symbol “RSF.UN.” For more information visit www.royallepage.ca.
About National Association of Green Agents and Brokers The National Association of Green Agents and Brokers (NAGAB) is Canada's largest non-profit association of real estate agents committed to reducing greenhouse gas emissions. The association's Greenrealestate™ curriculum provides an education and certification program for real estate agents. Through the association's innovative offerings, real estate agents promote the benefits of energy conservation to their buyers and sellers. The National Association of Green Agents and Brokers has over 15,000 affiliate members coast-to-coast and boasts support from major corporate and government sponsors. For more information visit www.nagab.org.
For more information on Enviromently friendly real estate projects such as Dockside Green feel free to contact us anytime.
Cheers
Bill Ethier B.Sc - REALTOR®
Properties in Victoria Professionals - Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.
Saturday, 26 January 2008
Luxury Real Estate Listings in the Bayview - Victoria BC
The Bayview luxury collection of townhouses and condos is the last truly all ocean view community close to everything that Victoria has to offer. It is located on the highest land mass above Victoria's harbour offering exceptional ocean, mountain and city views.
The Bayview community, when complete, will feature an Amenity Clubhouse offering an indoor pool and a lap pool, whirlpools, saunas, jacuzzi, visitor facilities, racquetball, squash, tennis, exercise facilities and cafe bistro.
For more information our two listings at this one of a kind Victoria BC development please visit our Real Estate Info Blog or contact us directly. We would love to tell you more!
Cheers
Bill
Bill Ethier B.Sc - REALTOR®
Properties in Victoria Professionals - Royal LePage Coast Capital Realty
Bill has been a REALTOR® in Victoria since 2006. Originally from the Vancouver area, Bill moved to Victoria to attend the University of Victoria where he received his Bachelor of Science. Not only does Bill have a wealth of real estate knowledge he is also an active member of the community. He is a member of Triple Shot Cycling Club, Island Road Racers and is the Race Director for the Sooke River 10K.