In British Columbia, strata depreciation reports play a crucial role in providing transparency and insight into the financial health and maintenance requirements of a strata corporation. These reports are comprehensive documents prepared by qualified professionals that outline the anticipated future expenses for maintaining and repairing common pro...
Since 2023, Canada introduced the Multigenerational Home Renovation Tax Credit to help families adapt their homes for multigenerational living. This initiative reflects a growing trend as families choose to live together, combining resources and providing mutual support.
Key Features of the Tax Credit
Amount: The tax credit allows for a 15% refundabl...
Living on a floathouse in Victoria, BC, offers a unique lifestyle with its own set of advantages and challenges. A floathouse, also known as a floating home or houseboat, is a residential structure that is built on a floating platform instead of a traditional foundation on land. These homes are typically found in waterfront communities, such as mar...
Heritage designation and guidelines play a crucial role in shaping the preservation and character of Victoria, BC homes. By providing a framework for conservation and stewardship, these measures ensure that the city's architectural heritage is protected for future generations. The effect of heritage designation and guidelines on Victoria homes is p...
Securing a mortgage for a floathouse can be more complex than obtaining financing for a traditional land-based home due to several factors. Here's a breakdown of considerations regarding obtaining a mortgage for a floathouse:
1. Limited Lenders: Not all mortgage lenders are willing to finance floathouses. Some financial institutions may have specifi...
In a buyer's market, where there are more properties for sale than there are buyers actively seeking homes, sellers need to be strategic and proactive to attract attention and secure a successful sale. Here's some advice for sellers in today's buyer market:
Price Strategically: Pricing your home competitively is crucial in a buyer's market. Work wit...