Answers Archive - Page 3 of 8

What happens if I sell before buying — where do I live in between?

quester March 24, 2026 No Comments

This is one of the most common stresses for sellers. Options include negotiating a longer completion date to give yourself time to find a new home, including a subject-to-purchase clause…

How does the principal residence exemption affect my tax situation?

quester March 24, 2026 No Comments

If the home you are selling has been your primary residence for every year you have owned it, you generally owe no capital gains tax in Canada. If you rented…

If I sell now and buy something else, will I qualify for a new mortgage at current rates?

quester March 24, 2026 No Comments

Talk to a mortgage broker before you list. Stress test rules still apply in Canada. You qualify at the contract rate plus 2%, or 5.25% — whichever is higher. If…

Should I wait for spring, or list now while there’s less competition?

quester March 24, 2026 No Comments

Both approaches have merit. Spring brings more buyers — but it also brings more competing listings. February 2026 saw **465 properties sold**, a 37.2% jump from January’s 339 sales .…

Should I convert my condo to a rental rather than sell at a loss?

quester March 24, 2026 No Comments

This depends on your carrying costs and your cash flow. If your mortgage, strata fees, property taxes, and insurance add up to more than current rental income, renting is not…

Are there too many competing condo listings right now for mine to stand out?

quester March 24, 2026 No Comments

Inventory is elevated across all segments, but condos face additional pressure. There are more condos available than buyers to absorb them — evidenced by the **19.8% sales decline in February**…

Is the condo market soft enough that I should hold off selling?

quester March 24, 2026 No Comments

The condo market in Victoria is the softest segment right now. Condo sales dropped **25.3% in January 2026** and **19.8% in February 2026** compared to the same periods last year…

How do I compete with the growing number of listings around me?

quester March 24, 2026 No Comments

Price accurately. Present well. Market aggressively. Those three things separate listings that sell from listings that sit. Your realtor should be using professional photography, video, social media promotion, and strong…

Is the market going to get worse in 2026 — should I sell sooner rather than later?

quester March 24, 2026 No Comments

The market is not crashing. It is recalibrating. Inventory is up (**2,903 listings in February** vs. 2,630 a year ago), sales are down (**11.9% year-over-year in February**), and prices are…

How long should I expect my home to sit on the market?

quester March 24, 2026 No Comments

In January 2026, average days on market stretched longer than during the pandemic years. With **6 months of inventory**, the market sits firmly in buyer’s market territory . A well-prepared,…

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Archives: Answers

What happens if I sell before buying — where do I live in between?

How does the principal residence exemption affect my tax situation?

If I sell now and buy something else, will I qualify for a new mortgage at current rates?

Should I wait for spring, or list now while there’s less competition?

Should I convert my condo to a rental rather than sell at a loss?

Are there too many competing condo listings right now for mine to stand out?

Is the condo market soft enough that I should hold off selling?

How do I compete with the growing number of listings around me?

Is the market going to get worse in 2026 — should I sell sooner rather than later?

How long should I expect my home to sit on the market?