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Toronto vs Vancouver Condo Price Swings

Well Vancouver did have more room for correction but being a west coaster it does surprise me when Toronto take a run over Vancouver real estate but alas that is what the numbers are showing.
And Victoria…where does that leave our our condo market here in paradise..?  Stay tuned.
Toronto condo prices rocket up — while Vancouver prices fall
The median price per square foot of condos in the GTA rose to $743 over the past year, a jump of 9.1 per cent a new report found.

Victoria a popular city? Maybe not as popular as you think

Most Canadians Would Consider Moving Cities To Buy A Home, Survey Suggests

Buying a home has long been part of the Canadian dream, but it’s always easier said than done. Rising house prices have made that a difficult proposition, especially for young people, newcomers and low-income earners trying to squeeze their way into one of the priciest housing markets in the world. But where there’s a will, there’s a way, and many Canadians are finding a way to home ownership by thinking outside the box. In some cases, Canadians are thinking outside their cities, too. A website called …

Read in HuffPost Canada: https://apple.news/ALgLhhq_oRq-iqkwkKFw-DQ

Shared from Apple News

Pool House Sold! Perfectly timed for Summer

List Price: $1,675,000

Bedrooms: 5

Bathrooms: 5

Finished Sq. Ft: 3,235

Yes, life can be this good! This beautiful ~ 3,200 sq.ft. 5 bed/5 bath family home is a true experience – Featured in 2013 Times Colonist “House Beautiful.” Extensively updated in ’05 (w/permits), including the addition of 700sqft. living space, 4 car tandem garage & an Outdoor Pool. Main floor living is ideal for entertaining: kitchen w/gas range, granite counters & eating bar open to dining area w/french doors to patio all overlooking the backyard oasis – perfect for watching the kids. Up offers 4 bedrooms including 2 x master suites & a second family room. RARE 4 CAR garage perfect for all your toys & for a workshop. Saving the best for last…an incredible south facing sun filled private back yard w/Pool, Cabana including Wet Bar, powder room, Outdoor Heated Shower, and green space all backing onto Feltham Park. Call today to view this one of kind property!

Buy with or without parking?

A parking spot in Victoria for $35,000-$50,000? What, are you crazy?  Sounds expensive but with more buildings opting to create less parking spots and the bikes lanes etc. parking will likely only become more and more of a premium.  Check out this latest Hong Kong parking spot:

sale https://www.cnn.com/travel/article/hong-kong-parking-space-intl/index.html 

Might make you think twice about buying a unit with no parking, even if you don’t need it yourself.    Or maybe this doesn’t matter and only furthers our need to be MORE GREEN!!