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Important Information Regarding Condos in B.C.

Dear Clients and Friends,
You may BE HEARING a lot of buzz in the media right now regarding Condo’s and Strata Insurance in BC. I understand that there is a lot of confusion out there as it is a fast moving subject and we are all trying to figure out what is going on.
The gist is that there are condos in BC that are facing significantly escalating strata fees due to insurance rates rising as much as 700% and, in some cases, there are buildings on the island THAT are becoming uninsurable all together. This is not just for older buildings that are not being maintained, this can also effect buildings as new as 10 years old. Regardless, I encourage you to investigate and educate yourself by reviewing your Strata Corporations Insurance Policy, their list of claims in the last 5 years and Depreciation Report.
I don’t mean to alarm you, but it is important to me that you are all well educated and well versed in understanding this issue that I help you have a greater understanding of your own strata and your strata’s insurance so that you have the power to advocate for yourself, your strata and your mortgage moving forward. It is important to note that if the strata does not have an insurance policy the units in that strata are no longer deemed mortgageable.
Here are two articles to review if you own a strata:
The IABC is advocating for legislative reforms to tackle strata rates :
This article from the Times Colonist provides a real-life example:
I am working hard right now to meet with heads of insurance companies and the people that run insurance with strata corporations to get a clearer understanding of what is going on.
If you own a strata in Victoria and you have any questions please call me, I will help guide you. It is very important that we take a critical look at your strata’s insurance policy as well as your individual policy to ensure you have adequate coverage and to understand when your policy is coming due.
I am away until Wednesday February 19th, please read these articles and Google in the news tab (BC CONDO STRATA INSURANCE INCREASE) to educate yourself and call me after the 19th if you have concerns. If you own a Strata Property, please work to get a copy of your strata insurance policy and a copy of the depreciation report and I will help you decode them. Don’t panic, as with everything in home ownership knowledge is power. We just need to make sure we have all the knowledge to make sure you have all the power!

August Checklist

1. Get organized for back to School

Create a designated kid’s breakfast and snack station!

Something as simple as the lower drawer of a cabinet to a cabinet section complete with a mini fridge for drinks.

Choose a spot that isn’t in the way when you’re cooking or washing up. Keep bowls, utensils and lunch boxes in a lower area that’s easy for younger kids to reach!

2. Organize closets before fall shopping

Declutter your clothes by category!

A fast, easy way to declutter your clothes is to sift through them by type.

Separate your clothes into categories, then sort through every item in a single category before moving on to the next. Why is this method better?

Because it’s way easier to compare similar clothes when they’re all grouped together in front of you, making it easier to get rid of the things you know you have too much of or don’t want.

3. Clean and organize the garage to get ready for Autumn when outdoor items will need to be put away

Use slat walls and Peg boards to hang and organize smaller accessories! Here’s How

4. Check your home for signs of pests (carpenter ants, and termites)

Signs of termites include visible holes or sagging floors, and wood that sounds hollow when tapped. More helpful hints HERE

5. Enjoy the beaches and spend time with your loved ones while the summer lasts.

HAVE FUN while the sun shines! HERE is a list of Victoria’s best beaches!

Market Stats

A lukewarm spring comes to an end for the Victoria real estate market

July 2, 2019 – A total of 740 properties sold in the Victoria Real Estate Board region this June, 4.5 per cent more than the 708 properties sold in June 2018 but a 12.7 per cent decrease from May 2019. Sales of condominiums were down 6.1 per cent from June 2018 with 216 units sold. Sales of single family homes increased 10.4 per cent from June 2018 with 394 sold.

“June has trended lower than May for the past few years and tends to signal the end of the active spring market,” says Victoria Real Estate Board President Cheryl Woolley. “The summer months of July and August generally see less activity than the spring, as people’s attention shifts to vacation and away from real estate. This year, we have seen slightly more sales compared to June of last year. We have also seen one hundred fewer new listings enter the market this year, which continues to make a challenging market for buyers who are hoping for more options.”

Keep Reading HERE (https://www.vreb.org/current-statistics)

PARKSVILLE BEACH FESTIVAL

The Quality Foods Sand Sculpting Competition and Exhibition is a world class event for Master Sand Sculptors and is an official qualifying event for the World Championship of Sand Sculpting! Master Sand Sculptors travel from all corners of the globe to participate in our remarkable competition and exhibition in Parksville, British Columbia, Canada. Sculptors have 30 hours over four days to create their masterpieces from just sand and water (and a lot of ingenuity!).

Details HERE: https://bit.ly/2LgRBbq

Car Free YYJ!

Bring the whole family out and enjoy Car Free YYJ!

Held every year on Father’s Day and taking over nine city blocks, our day long celebration includes five stages with live entertainment, a 4,000 square foot park on Douglas Street, multiple all-ages licensed food and beverage areas, a 19+ Beer Garden, more than 400 local artists and makers as well as activations created by local businesses and organizations. Car Free YYJ is also honoured to host the First Peoples’ Festival which presents a complete day of programming, vendors and food in celebration of Canada’s First Peoples’ culture.

DETAILS HERE

Canada Day on the Gorge!

Fun for the whole family, including the Canada Day Family Parade, Pancake Breakfast, Canada Day Show and Shine car show, Gorge on Art, multicultural food, voyageur canoe rides on the Gorge, Canada Day Artisan Market, Community Engagement displays, Craigflower School House open house, Strawberry Tea, street hockey, and kids’ inflatables and activities. Also, catch some great entertainment throughout the day on FOUR stages! The Main Stage performers in 2019 include The Cliffes, Qristina Bachand, and Daniel Cook & the Radiators!

DETAILS HERE

Coming Soon- 113-938 Dunford Avenue

This fabulous, ground level condo offers 2 bedrooms and 2 bathrooms on more than 1000 square feet and sits at the back of the building surrounded by quiet gardens. Pets and rentals allowed and just steps to everything the Westshore has to offer including the YMCA, Bus depot, shopping, restaurants and steps to Langford lake- this condo offers a great lifestyle for the first time buyer or downsizes! Priced at $389,000 this one is worth looking at!







Administrative Assistant

Full-Time

Two of Victoria’s top selling Realtors seeks an Administrative Assistant to join their dynamic office. This is a fast-paced, high volume work environment requiring a dedicated, full-time Administrator. This position will not lead to an outside sales role.

Responsibilities

  • CRM Management
  • Proactive client care
  • Social media posts, tracking, contests, etc.
  • Client appreciation event coordination and execution
  • Maintain office forms, databases and files
  • Listing coordination – including ordering photos, floor plans, open house scheduling, signs, etc.
  • Sales coordination – arranging keys, removal of lock boxes, signs, etc.
  • Research
  • Some marketing design
  • Work with Conveyance Division and lawyers

Desired Attributes & Skills

  • Exceptional Communication Skills
  • Takes Initiative
  • Problem Solver
  • Creative
  • Independent
  • Accountable & Dependable
  • Customer service oriented
  • Detail oriented
  • Systems driven
  • Excellent computer skills
  • Social Media Savvy
  • Structured

Ideal candidate will have experience with real estate sales systems such as Matrix, IXACT Contact, Faltour, and online lead generators. Must be confident with MS Office Suite, Google, social media marketing, and ideally have previous experience working in a real estate environment.

Email applications to info@martenhomes.ca. Please no phone calls.

Competition closes Monday, August 27, 2018 at 5:00 pm.

COMING SOON!

1160 River Rock Place, Victoria, BC, V8S 1B5

This gorgeous custom home sits on arguably the best corner lot in the development and offers stunning views of Mt. Finlayson. This home was built to exacting standards- upgrades include radiant heated hardwood floors, gas fireplace, heat pump for additional heat and air conditioning, custom built-in cabinets throughout and a stunning kitchen with quartz countertop/backsplash- the list goes on and on. The floor plan has been well thought out to serve every need – the main floor offers sweeping views from the principle rooms, a custom kitchen with butler pantry, high end appliances and a breakfast nook that flows to a sunny, private back yard. Main floor also offers a large media room, den, dining room and office as well as a huge garage! Upstairs, the large bedrooms accommodate children and the master retreat also offers a picture perfect view, walk-in closet and ensuite . Only steps to Bear Mountain Village, Golf, Tennis, Rec Centre/pool and world class bike and walking trails!

For more information visit: http://martenhomes.ca/featured/gorgeous-custom-home/