Real Estate Archives - Page 3 of 3

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…

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**…

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…

What are my actual costs to sell — agent fees, legal fees, staging, and capital gains?

quester March 24, 2026 No Comments

Here is a realistic breakdown for Greater Victoria: * **Realtor commissions:** Roughly 3–4% of the sale price, split between buyer and seller agents * **Legal fees:** $1,200–$2,000 for a real…

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…

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Topic: Real Estate

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

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

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

What are my actual costs to sell — agent fees, legal fees, staging, and capital gains?

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