apartments for sale in courtenay

Condominiums to outperform single-family segment in Canada this year as buyers seek entry-level housing

/0 Comments/in /by

Demand for condos in Comox is expected to outpace that of the single-family residential segment this year. It is anticipated homebuyers will be in search of more affordable housing options. They may have been sitting on the sidelines amid higher interest rates and increased day-to-day living costs.

What will happen to the median price of condos in Comox?

According to the 2023 Market Survey Forecast, Royal LePage predicts the median price of a condominium will increase slightly year-over-year. The median price of an apartment-style condo in the Comox Valley at the end of 2022 was $409,000. For a townhouse median sale price was $469,000.

The median price of a single-family detached property is projected to decrease a bit from $727,000 during the same period. With the exception of a couple of larger centres in Alberta and Saskatchewan, condominium prices are expected to outperform single-family detached home prices in all major markets next year.

Despite activity and price declines in many locations over the last six to eight months, buyers are expected to return to the market in 2023. Many of them will be looking for more affordable properties. Some areas that are experiencing a shortage of available inventory, as we are in the Comox Valley, could see condominium prices increase more. Lack of supply continues to be a challenge in many markets.

Contact me for more details on Courtenay condos for sale!

Get in touch with me today if you want to learn more about the real estate market in Courtenay or Comox Valley. I would love to help you buy or sell real estate here! Visit my Google Business page and learn more about condos in Comox!

showing comox home short notice

Showing your Home on Short Notice

/0 Comments/in /by

Unless you’re selling in a strong sellers’ market, you should take advantage of every opportunity to show your home.

Say, for example, an interested buyer would like to see your property tomorrow evening. If you say no, they might see another listing in the meantime — and make an offer!

Being prepared to show your home at the drop of a hat is important. That doesn’t mean you should agree to be inconvenienced constantly. However, if you can put up with some disruptions in your plans now and then, you’ll increase your chances of selling your property.

Consider these tips:

  1. Avoid restricting showings to a particular weekday, such as Monday evening and Saturday afternoon. What if an interested buyer isn’t available on those days?
  2. Try to keep your home clean and tidy. That way, you can accommodate a short-notice request to see your listing more easily. You may even want to consider temporarily hiring a cleaner.
  3. Make a list of places you can take your family on short notice. Include your pets as some people are afraid or don’t care for your furry friends. For example, a park, a movie, the beach, for ice cream.

In the Comox Valley, we are not experiencing the frantic market we have lived through since 2020. Prices are not increasing as they were and it is taking longer for some properties to sell. It is a more balanced market even though we are not seeing a big increase in available homes for sale.

You do not want to miss the opportunity to have potential buyers see your home. You never know when or which person is going to be the one to make that offer! Discussions about showing, how to best present your property, and other tips gained from experience are well worth having. If you have any questions about these or other things, call today.

Courtenay Homes for Sale

Make Your Kitchen Stand Out in Courtenay Homes for Sale

/0 Comments/in /by

Your kitchen is one of the most valuable areas in your home. In fact, many buyers will avoid putting in an offer on homes with poor kitchens. If you are planning on selling Courtenay homes for sale this spring, it is important to focus on making your kitchen stand out! Whether you are having listing photos taken or an in-person showing, your kitchen needs to look its best. However, this is not to say that you need to do any major renovations. In this article, I will show you how to prepare your kitchen so that it looks its best for potential buyers! Follow along below to learn more.

How to Make Your Kitchen More Attractive?

  1. Tidy and Deep Clean

When preparing your home for listing photos or viewings, it is important that your kitchen is spotless. This means removing everything from your countertops and taking time to clean all cracks and crevices. During a showing, garbage and recycling cans should be empty. Moreover, buyers will likely open cabinets, so it’s important that all shelves are tidy.

  1. Update Cabinetry

Another way to make your kitchen stand out is by updating the cabinetry. This can be done by adding a fresh coat of paint in a neutral colour or adding new hardware to cabinet doors. This simple improvement project can be done in a weekend’s time and for a relatively low cost. 

  1. New Counters and/or Backsplash

If you have some extra cash to spend, you may want to consider replacing your countertops or backsplash. These improvements can be worth the additional cost if your current counters/backsplash are outdated or worn. 

Contact me About Courtenay Homes for Sale

Kitchens are a major selling point in any home. This is why it is so important that your kitchen looks the best it can while you work towards finding a buyer. If you are looking for more ways to improve Courtenay homes for sale, contact me today! I’d be happy to help you during the selling process. For more information about properties in the area, stay tuned to my blog. And, check out my social media for the latest updates and more. I look forward to working with you soon. 

single storey suite in comox for sale

Single-storey suite essential feature

/0 Comments/in /by

Canadians who wish to age in place consider a main floor that is or can be converted to a single-story unit is essential. This means if the home is not one level, it must be able to accommodate a bedroom, full bathroom, laundry and kitchen all on one floor.

A Royal LePage survey discovered 43 per cent of respondents categorized this feature as essential, while 54 per cent marked it as desirable.

As Canadians age their housing priorities often change and no one size fits all. Not all seniors are looking for the same home features. What they do have in common is the desire to choose where and how they live. They do not want to have that decision made for them.

In addition, they are thinking about their long term needs much earlier than previous generations. Even before retirement, many buyers are thinking about the features of a home that will help them transition into old age with ease.

Age in Place Renovations

When renovating or shopping for a new home this demographic has some specific needs. Of great importance are entrances to the front and rear of the property without steps. A walk-in tub or shower with a wide entrance and non-slip flooring are also considered to be of great value.

Safety and comfort are key considerations. Although they may not need a walker or a wheelchair now, they might someday. If the plan is to stay in their current home longer, it will need to accommodate these potential eventualities.

As happens, many middle-aged people surveyed have seen their elderly parents go through such a transition. That has encouraged them to consider their own needs for the future.

The lowest on the priority list for buyers at the time of purchase are:

  • a whirlpool tub, 16% desirable, 84% not necessary
  • lowered countertops and cabinets, 3% essential, 46% desirable, 51% not
    necessary
  • an outdoor wheelchair ramp, 6% essential, 46% desirable, 48% not
    necessary.

Important considerations for Canadian home buyers

Another very important consideration made by older Canadians looking for a home they can live in longer is buying close to family. In fact, for 94%, buying close to family is top of mind for this demographic. Also top of mind for 88% is buying close to a hospital and community services. Being able to walk to near-by stores and restaurants counts for 86%. The benefits of living in a condominium stands out for 84%. When asked if buying with family is an important factor, nearly two-thirds of those asked say no (65%). More and more, Canadians are choosing to make the right choices rather than down-size as they age.

Some mature buyers are looking for a turn-key condominium. They can spend less time on maintenance and more time traveling after retirement. Others may choose to move from a two-storey home to a rancher to avoid stairs as they age. Or yet others will opt for a multi-generational property that offers the ability to live with family. Another choice is to renovate their existing properties to accommodate their changing needs. As many as 52 per cent of Canadian boomers would prefer to renovate their current homes rather than move, according to the consumer survey.

Seventy-four per cent of respondents say older Canadians are increasingly interested in aging in place. This is due to concerns over the high financial cost of living in senior care facilities. Meanwhile, 59 per cent say the reason is in part due to concerns over the safety of senior care facilities, highlighted during the pandemic.

Survey highlights:


● 43% of survey respondents say a fully-equipped main-floor living space is
essential for seniors planning to age in place
● 42% of respondents say a front and rear entrance with no steps and a walk-in
tub are essential
● Almost all surveyed (94%) say purchasing a home close to family is top of
mind for this buyer demographic
● Canadians are more concerned about the high financial cost of living in senior
care facilities than safety

spring cleaning real estate comox valley

Preparing to Sell: Get your Spring Cleaning Done Faster

/0 Comments/in , /by

Spring cleaning your home or condominium in the Comox Valley can seem like a great idea until you actually get started. Then it often turns out to be more work than expected! The good news is, there are proven techniques to make the job easier so you can get it done faster.

Plan ahead for Spring Cleaning in Comox Homes

Before you begin the project, make sure you have everything you need: hammers, boxes, tape, garbage bags, etc. Think of the supplies you’ll need and the tools that will make tasks easier. You don’t want to waste time on frequent trips to the store.

Move without Injury!

Consider renting a small moving trolley (AKA hand truck.) That will make it much easier to move heavy objects, such as furniture, as you’re cleaning. You can probably rent one from a local home improvement centre.

Donate what you Don’t Plan on Using

Plan how you’re going to dispose of waste and unwanted stuff. Find out where you can donate clothes, toys, furniture, and other items. There are many places to do this in Courtenay and Comox. Note the location of your local garbage disposal in Cumberland and its hours of operation.

Make a List

Divide tasks into “heavy work” and “light work” and then do the heavy work first, such as moving furniture, reorganizing rooms, etc. Only after completing the heavy work should you dive into the “light work”, such as packing boxes and sweeping.

Ask for Help!

Consider getting help. There are many services available that will assist with cleaning, painting, junk removal, repairs, and more. You can even hire a student to assist you for a weekend.

comox first time buyers

First-Time Buying Pitfalls to Avoid

/0 Comments/in /by

Buying your first home is a major life milestone. It is possibly one of the biggest decisions you’ll ever make. It is a major financial and long-term commitment. It is not possible or realistic to be ready for every possible outcome. However, it is possible to prepare for potential pitfalls you may run into during the home-buying process whether it is a house or a condominium in the Comox Valley or any other jurisdiction. Attempting to manage without professional assistance

The buying process starts with the expert assistance of a REALTOR® and mortgage broker. REALTORS® have responsibilities of confidentiality, the utmost care, and loyalty, and are bound by a Code of Ethics. They will inform you regarding essential facts which affect current market conditions. They will also protect and promote your interests. They will discover facts pertaining to a property in order to avoid error or misrepresentation. They will ensure transaction agreements are presented in writing in clear and understandable language.

Experienced professionals will inform you of all the expenses directly related to the real estate transaction. Mortgage brokers will help you get pre-approved and depending on your credit rating and down payment they will design a home-buying timeline. It could take a bit longer to realize your dream if you have bills and loans to pay off or don’t have enough saved for a downpayment.

Overlooking assistance programs and hidden costs of homeownership

As a first-time buyer, it’s definitely worth looking into assistance programs available for first-time home buyers in Canada. In a bid to make homeownership more affordable, the Government of Canada has several federal programs. These include the Home Buyers’ Amount Tax Credit (HBA) the Home Buyers’ Plan (HBP), and the First-Time Home Buyer Incentive.

Provincial governments also offer first-time buyers land transfer tax refunds. Canada Mortgage and Housing Corporation (CMHC) offers mortgage loan insurance. Each assistance program isn’t applicable to all buyers. Taking the time to learn about them to see if you qualify and what could work for you is worthwhile.

Your mortgage isn’t the only cost you’ll need to take into account when buying a home. When it comes to closing costs, it’s best to have more funds available than not. Those costs will vary depending on your particular circumstances. They could amount to 1.5% to 4% of the purchase price.

Another often overlooked expense is moving costs when budgeting for a first home. As well, there are home inspection fees, legal or notarial costs, and fees associated with different taxes and interest.

It’s important to factor in these expenses when figuring out how much you need to save. First-time home buyers should also remember about expenses associated with purchasing appliances, furniture, and window coverings as not all homes come with all of them included. All of these costs add up…

Moving too fast or purchasing more than you can afford

Hastily charging forward can and likely will cost you in the long run. It’s strongly recommended that you have a home-buying timeline mapped out with your REALTOR® and mortgage broker well in advance. This will enable you to work through any potential credit report issues that may prevent you from being pre-approved for a mortgage.

The Canadian Real Estate Association has a Homebuyers’ Road Map to help guide you through the journey along with your REALTOR®.

Another related pitfall is buying more than what is actually affordable. It’s tempting to want to step even just slightly outside of your budget when you feel you’ve found that “unicorn” house. Unfortunately, as with moving too quickly to the purchasing finish line, overextending yourself can cause problems. In the event of falling upon financially tough times in the future, it can prove to be insurmountable. Finding a home that meets all of your wants and needs is next to impossible. Be honest with your budget, taking into account lifestyle expenses like dining out, travel, and weekend getaways. These all add up. If you’re already at your maximum budget, look for a more affordable option. This will allow you to still have a life and build equity. You can upsize or change when the time is right.

It’s a good idea to think about a realistically affordable monthly payment. Rather than looking at the maximum mortgage you’re eligible for, scale it back a bit. That way you will be able to maintain other important financial obligations. You’ll also have some wiggle room in the event of an emergency.

Above all else be prepared

Making the decision to buy your first home isn’t something to take lightly. Even with all of your research, it can still be overwhelming. There will likely be lots of tips, tricks, and anecdotes from family, friends, and colleagues about their buying experiences too. Your REALTOR® can help you navigate the process and answer any questions you have. Their expertise will be invaluable along your home-buying journey.

Your REALTOR® can also help along the way by recommending other professionals if necessary. They are there to provide guidance throughout and help make it a smooth process. Ensuring you have trusted professionals to answer your questions accurately and provide sound advice is the foundation to build upon when searching for your first home.

Remember, you shouldn’t wait until the last minute to reach out to a REALTOR®. Working with a professional from the beginning of your home-buying journey can help you feel more prepared.

houses for sale in Comox

How to Spot Potential Issues With Houses for Sale in Comox?

/0 Comments/in /by

When it comes time to purchase houses for sale in Comox, it’s important to be wary of potential issues with the property. Oftentimes, it can be easy to get distracted by all of the features you love. For instance, the high ceilings, large windows, or gorgeous views. Because of this, potential issues like cracks in the walls, broken climate control, and numerous other problems can go amiss. Before you buy a home, it is crucial that you understand what you’re getting into. With housing prices and interest rates the way they are, the last thing you want is to spend thousands of dollars on home repairs. In order to avoid this, we have put together a list of ways to help you uncover potential problems in a home. Follow along below to learn more!

Ways to Avoid Purchasing a Faulty Home

  1. View the Home in Person

It can be tempting to choose a home based on the pictures and videos posted online. However, images can be deceiving. It’s hard to get a good feel for the home and uncover potential issues solely by viewing a home online. In order to get a thorough sense of the property, visiting in person is a must. During the in-person showing, be sure to ask questions about potential issues. For example, if you notice the roof is in poor condition, ask when it was last redone. Or, if the utilities don’t appear to be working properly ask about when they were installed. Generally, if you notice something that looks like it could be a problem, there’s a good chance that you’re right. 

  1. Get a Home Inspection

One of the best ways to avoid buying a home with lots of repairs is to have a home inspection done. Avoiding a home inspection is one of the worst mistakes a buyer can make. Home inspectors will be able to detect “hidden” issues and assess the overall condition of the property. Before you make any final decisions, this step is highly recommended. 

  1. Check the Property Disclosure Statement

Sellers in British Columbia are obligated to provide a property disclosure statement to the buyer. This statement includes details about any existing issues with the home. Furthermore, it explains what needs to be done in order to fix the issues (if any). Property disclosure statements are legally binding and intended to protect both the buyer and seller in a real estate transaction. 

Contact me About Houses for Sale in Comox!

If you are looking for houses for sale in Comox, contact me today! I’d be happy to help you find the right home to buy. For more information about properties in the area, stay tuned to my blog. And, check out my social media for the latest updates and more. I look forward to working with you soon. 

home sellers in comox

How home sellers in Comox can be successful in a cooling market

/0 Comments/in , /by

It’s no secret that Canada’s real estate market has undergone a notable shift for home sellers this year. Homeowners in the Comox Valley also face that reality. Those listing their property now might experience an increase in comparable inventory. It may take more days on the market and there will likely be fewer offers, compared to 2021 and early 2022.

As an example, in Comox and Courtenay, the number of condominium apartments for sale at the end of 2022 was 50 compared to 13 ending 2021.

The length of time to sell had almost tripled in the same time period from 26 to 70 days. Likewise, in the townhouse market, the number of listings went from 23 to 50, and the days to sell from 16 to 62. Although the market has changed, sellers still have every opportunity to stand out. When putting their home up for sale, take the extra time to prepare.

Here are some dos and don’ts for sellers to consider in order to be successful in today’s cooling housing market:


DO – Make the first impression count


You only get to make a first impression once. Ensure that your property stands out. It should have inviting curb appeal so buyers fall in love before they even open the front door. You can achieve this by freshening up the outside appearance with a thorough cleaning and decluttering. Tidy up the exterior.

Make any small repairs to doors, light fixtures, and paving. Touch up any paint where needed. Don’t forget to mow the lawn or shovel the snow. Clean out your eavestroughs, spruce up the front door, and landscaping to create an inviting entryway.

DON’T – Forget about the little things


Buyers will be analyzing your home from every angle when they visit for a showing. It’s important to not overlook seemingly insignificant fixes. See a lightbulb that has gone out? Replace it with a bulb that is the same colour as the others in the room.

Got a door that squeaks loudly, or a drawer that doesn’t open properly? Be sure to repair them. Potential purchasers like to see consistency. Try to manifest this in your home while you’re in the process of selling it.

DO – Declutter and depersonalize


Buyers want to envision themselves in the home. Remove any personal items such as family photos, trophies, or diplomas. This also means putting valuables or seasonal items in storage. Your listing agent may be able to provide you with some references for advice on how to prepare your home for showings.

DON’T – Overspend on the upgrades


While it might be tempting to overhaul your home ahead of listing it, it’s important not to go overboard on the budget. You’re not staging your home for an HGTV shoot. Minor repairs and low cost, but effective updates will be enough to get buyers through the door. Chances are, last-minute big bucks sunk into the home won’t be gained back.


DO – Practice good showing etiquette


It’s important to be prepared for and accommodate showings. Get the selling process off on the right foot. Demonstrate good showing manners by being flexible with visitation times. Remove pets from the premises if possible. Give buyers their space by leaving the property during the appointment. Don’t forget to set the mood for showings, too. Create an inviting environment. You could play soft instrumental music in the background. Keep all lights on for good visibility and add a subtle, pleasant scent like vanilla or fresh linen.


DON’T – Think in the past


2021 was an unusually strong seller’s market. It saw red-hot prices and pent-up purchaser demand. Today, housing markets across the country have noticeably cooled. It’s important for sellers to keep their expectations aligned with current circumstances. As a seller, be open-minded to buyer feedback. Keep the changed market conditions in perspective when it comes to offers and showings.

Please contact me to learn more about selling your home in Comox in this market. I would love to hear your concerns and answer any questions. Follow along on Google for more updates!

winter blues in Comox

How to beat the (work from home) winter blues

/0 Comments/in , /by

Working nine-to-five in winter can be a struggle. Whether you do your job at the office or from the comfort of your home there are challenges. Remote working certainly has its perks. No need for an umbrella or to shovel the driveway early in the morning. It can also present unique problems during the winter months.

Many people who never worked from their Comox townhouse, apartment, or house began doing so in 2020. And many of those continue to perform their jobs from a home office rather than heading to the office. Lack of sunlight, cool temperatures, and shorter days can make your at-home workday feel unproductive and stagnant. Working and living within the same four walls can seem like the days blur together. There is no break in the routine. A few minor adjustments to your townhouse, apartment, or home office space can help. You can stave off that sluggish winter feeling.

Here are a few great ways to help you beat those winter blues when working from home:

Feed your brain images of joy and motivation


Your workspace should spark creativity and energy. Promote an uplifting environment with bright decorative items, inspiring artwork, and images of loved ones. Make the space feel productive in the winter. Add desk organizers, your favourite stationary, or a whiteboard calendar.

Brighten your space to make it your happy place

Your daily dose of sun is a great way to get a boost of vitamin D and serotonin. There are fewer daylight hours during the winter months. That can make it harder to get the rise in serotonin levels required. You can change that by placing your desk in a sunny spot in your townhouse or apartment. If there is a lack of light, mimic natural sunlight by investing in a desk sun lamp.

Add plant-power


Bring some life into your workspace with the addition of house plants. Whether you prefer fiddle-leaf fig trees or tiny succulents, a collection of indoor shrubs can help to lift your spirits. Plants are not just pretty to look at. Many of them provide stress-reducing and air-cleaning qualities, such as aloe vera, snake plant, and lavender.

Enjoy a little aromatherapy

There’s nothing like the smell of freshly brewed coffee to get you up and running. Introduce scents into your at-home office to make the space feel inviting and invigorating. Use a diffuser with your favourite essential oils. Burn a candle to take in your preferred aromas. Certain smells are known to promote concentration and alertness, such as citrus, vetiver, and peppermint.

Bonus Tip

It’s important to take breaks. Even when temperatures are really cold, getting outside can be beneficial to your mood and mental health. Throw on your warm coat and enjoy a blast of fresh air, even for a few minutes, to boost your energy levels. Step out of the comfort of your condo to recharge.

Contact me if you’re looking for a home with a great work-from-home setup! I would love to help you find real estate in the Comox Valley! Please follow along on Google Business to learn more!

Homes for Sale in Courtenay

Up Your Chances of Selling Homes for Sale in Courtenay

/0 Comments/in /by

Selling homes for sale in Courtenay is a big decision. In order to get the most out of your investment, it is important that you take the necessary steps to prepare. Before you sell your home, there are a couple of things you can do to attract buyers and return a better profit. In this article, I will be going over some of the best tips and tricks for sellers! These tried and tested methods are certain to help you as you work towards selling your home. Follow along below to learn more about this topic.

Preparing to Sell Homes for Sale in Courtenay!

One of the first tasks that you should consider when selling your home is to repaint the walls in high-visibility rooms. For instance, the kitchen, living areas, and bathrooms. Moreover, it is important to choose neutral colours so that the buyer can imagine their belongings in the house. Next, be sure to repair or replace loose or old hardware on cabinets. Further to this, you may consider replacing worn countertops in the kitchen with new, neutral-coloured ones. As well as, replacing broken, dirty or old blinds and curtains. 

Before you list your home for sale, check to see that all appliances are clean and in working order. If you have wood floors that need refinishing, take the time to get this done. New or good-as-new flooring is a big selling point! You should also think about replacing old or worn linoleum. Along with this point, consider having the carpets professionally cleaned or consider replacing them with a neutral colour (if you have carpet). 

Before you show your home, make sure all light bulbs are bright and in working order. Good lighting makes a huge difference in the way that buyers see your home. It would be best if you also fixed leaks in ceilings and walls, as this is often a big red flag for buyers. Decluttering is another key step to take before showing or having your home photographed. This means putting away personal items like bills and papers, taking down family photos, and tucking away any children’s toys. In doing so, you will make it easier for the buyer to imagine themselves in your space, and make the home look bigger. 

Contact Me Today!

If you are looking for some help selling your property in Courtenay, contact me today! I’d be happy to help you sell your home. For more information about selling homes for sale in Courtenay, stay tuned to my blog. And, check out my social media for the latest updates and more. I look forward to working with you soon. 

foreign home buyers and comox real estate for sale

Foreign Buyer Ban and Comox Real Estate

/0 Comments/in /by

The federal government’s ban on new foreign ownership of residential property became law on January 1, 2023. It prohibits any non-Canadian citizen or permanent resident from buying residential real estate for two years. The federal government plans to work with provinces and municipalities during the two-year ban. Their aim is to develop a framework to better regulate the role of foreign buyers in the housing market. The goal is to ensure housing is available for and used by Canadians.

The government wants to make the market fairer for Canadians. The rationale is that it will prevent foreign buyers from parking their money in Canada by buying up homes. Houses being used as homes, rather than as commodities to be traded is how they described the changes.

Who can’t buy Comox residential property under the Foreign Buyer ban?

The act defines a non-Canadian as:

  1. an individual who is neither a Canadian citizen nor a person registered as an Indian under the Indian Act nor a permanent resident;
  2. a corporation that is incorporated otherwise than under the laws of Canada or a province;
  3. a corporation incorporated under the laws of Canada or a province whose shares are not listed on a stock exchange in Canada for which a designation under section 262 of the Income Tax Act is in effect and is controlled by a person referred to in paragraph (a) or (b); and
  4. a prescribed person or entity.

Exceptions for buying Comox residential property under the Foreign Buyer ban

Include:

  1. A temporary resident within the meaning of the Immigration and Refugee Protection Act; or
  2. A non-Canadian who buys residential property with a Canadian spouse. A common-law partner if the spouse or common-law partner is a Canadian citizen or permanent resident. A person registered as an Indian under the Indian Act.

Residential property

Includes any real property or immovable that is:

  1. a detached house or similar building, containing not more than three dwelling units;
  2. a semi-detached house, rowhouse unit, residential condominium unit or other similar premises, vacant land, where the land has been zoned for residential use or mixed-use and is within a Census Metropolitan Area (having a population of at least 100,000) or Census Agglomeration (having a population of at least 10,000);
    or
  3. any prescribed real property or immovable.

Penalties

Non-Canadians found guilty of contravening the act are subject to a fine of not more than $10,000. If the federal government orders the sale of the property, the non-Canadian buyer won’t receive more than the amount paid for the property.

Property Purchased by a Non-Canadian Before January 1, 2023

The ban doesn’t apply if the agreement of purchase and sale of the residential property involving a non-Canadian is dated before January 1, 2023.

Regulations for Comox residential property under the Foreign Buyer ban

There will be future regulations on transactions deemed prohibited purchases.

Contact me for more information on how the new Foreign Buyer Policies affect homeownership in the Comox Valley. I would love to hear from you today! Follow along for more updates on Google Business!

home renovation roi janice leffler real estate comox

Planning to Renovate your Comox Home?

/0 Comments/in /by

Are you working on a home improvement project? Homeowners in Comox, Courtenay and the area do things to their homes to enjoy themselves. Others do them in preparation to put the property on the market. If this is you, you may be interested to know which renovations will give you the most bang for your buck. This applies to homes and condominiums, townhouses, apartments, and patio homes.

A kitchen renovation is the most worthwhile home improvement. It has the potential to increase the value of your property by 20%, according to a recent survey by Royal LePage. A kitchen is perceived as the gathering place and the heart of the home. The one thing that will stand out to a potential buyer is what the kitchen looked and felt like. That first impression is really important. They may not remember the size of the bedrooms or the color of the walls. They will remember the kitchen.

Highlights from the survey:

Get in touch with me if you want to learn more about adding value to your Comox home before you sell!

moving in comox valley janice leffler real estate

Moving from a Property in Comox!

/0 Comments/in /by

Moving can be one of the most stressful parts of selling your home. Packing, planning, and budgeting make moving a serious hassle. However, there are ways to make moving less daunting. From creating a checklist to hiring a professional there are lots of ways that you can ease the stress of moving to a property in Comox. On this page, you’ll find tips and resources to ensure that your move goes as smoothly as possible. Continue reading below to learn more about how to have a stress-free moving experience!

How to Have a Stress-Free Move From Your Property in Comox?

Moving can be difficult. However, getting yourself and your family organized will take the stress out of the day. It will also allow you to focus on the fun stuff! Like the fact that you’re moving into a great new home! In order to remove some of the stress from moving, it is important to prepare wisely. Some of the steps that you should take prior to moving day are listed below:

  1. Make a moving checklist that keeps you on track – It’s best to have three lists: one for leading up to moving day, one for moving day, and one for when you move into your new home.
  2. Make a moving budget – If you are looking to save money or simply keep costs low, a moving budget is critical.
  3. Make sure everyone gets involved – Whoever is living in your home should have tasks delegated to them so that the moving process is quicker and everyone feels part of the process.
  4. If possible, use a moving service – Moving services are expensive, but if you can afford one we recommend taking this route.
  5. Use your agent to your advantage
  6. Give yourself time – Try to avoid moving into your new home on the same day that the previous owners are moving out. Wait if you can, and do some cleaning or painting prior to moving in.

Contact me today if you are interested in selling your property in Comox. I’d be happy to help you find the right buyer for your home. I look forward to working with you in the near future!

mortgages in comox courtenay

Mortgage Renewals in Comox for 2023

/0 Comments/in /by

Given the rise in interest rates, it should be no surprise housing market activity in the Comox Valley has declined. Along with that, asking prices have come down. The Bank of Canada continues to combat inflation with rate hikes that are affecting the cost of borrowing. 

CIBC’s deputy chief economist, Benjamin Tal, describes it as necessary. It is an adjustment because of record high activity levels experienced when interest rates were extremely low.

A recent survey indicates more than 50% of Canadian mortgage borrowers are concerned about higher mortgage payments at renewal time. Another rate increase is expected at the next Bank of Canada announcement this month. Some borrowers with variable-rate mortgages have had to increase their monthly payments to cover the rising interest portion of their payment. 

Compared to the previous December, house sales were down 23% in Courtenay/Comox

The Courtenay/Comox real estate market saw a couple of interesting developments in December 2022. Compared to the previous December, house sales were down 23%. The average sale price was off by just 5%. The apartment and townhouse sale markets were slightly different. Sales were less at 45% to 50%. There was more on the market and it took them longer to sell. Of note is that the average sale price was up!

If your mortgage is coming up for renewal soon, the best move you can make is to speak with a mortgage professional. It is important to review your situation. Find out if remaining with your current lender is still the best option for you. Assess the impact rising mortgage payments will have on your budget. 

Look to a mortgage professional!

Your mortgage professional can advise you on the best mortgage strategy to implement. He or she will look at your specific needs. They may be able to show you solutions to help reduce your new monthly payment at renewal. Is cash flow an issue? Would you like to save the most in interest costs?

To avoid financial stress in 2023 now is a great time to review your financial situation and your mortgage.  In the long run, by making the right moves today you can put a plan in place. 

Despite the challenges caused by higher interest rates, homeownership remains strong!

Contact me for more information!

janice leffler comox valley real estate market update 2022

Comox Valley Real Estate Market Update – 2022

/0 Comments/in , /by

2022: The Bank of Canada works to curb inflation

Another year that began a bit slowly, as is wont to happen. Once the first couple of months passed, we were back into a busy real estate trend. June and July things began to change again. The government decided to try to curb inflation so the Bank of Canada began raising interest rates and looking at other regulations to cool the hot markets across the country. It is working!

Unprecedented price increases, growing numbers of offers, dwindling supply since 2020, have now (August) been replaced by leveling prices, properties remaining on the market longer, some price reductions, and increased numbers of active listings.

The government is still talking about other measures to come so we will see what that brings.

In the meantime, it looks like some of the changes are having the desired effect.

home inspection comox

Value of a Home Inspection in Comox

/0 Comments/in /by

This article will address the key points of getting a home inspection in Comox and why it’s essential. The housing market has changed since earlier this year. It is cooling. Home sales are slowing down and prices are leveling rather than increasing or “crashing”. 

The Comox Valley includes Courtenay, Comox, Cumberland, and the area. These areas saw a decline in the number of single-family homes and condominium/apartment sales. Compared to November 2021 in November 2022 sales were down about one-third. Townhouse sales were down a bit more than that. This is partly due to the number and type of properties on the market. Generally, inventory is up, but still low compared to pre-COVID.  

Sale prices are off approximately 8% in the single-family market where the average price has dipped to just over $788,000. The unchanged townhouse and condominium/apartment market remains to have average sale prices of $605,000 and $387,000 respectively.

While home and condominium/apartment/townhouse prices may not have experienced a significant drop, bidding wars aren’t as prevalent. There are many factors contributing to the decline in some segments. These factors include the time of year, less demand, and an increase in interest rates. All appear to be having a slowing effect in most segments of the market. 

If you are considering selling your home, it’s important to consider this new more balanced market reality.

Prior to listing, a pre-inspection completed by your home inspector can help set your property apart from others. When looking at those in your neighbourhood it will highlight the sound investment buyers can expect when purchasing your property.

Through the advice of a trained professional, the pre-inspection will offer you a list detailing any future work to be done. Inspectors provide a written report with photos that outlines the condition of your home and possible areas of concern. Their time is spent looking at the interior and exterior components of the house including the roof, attic, crawl space, windows, doors, plumbing, and electrical. In some cases, they may suggest you have a plumber, electrician, or roofer (for example) further evaluate. 

This can empower you to make some changes yourself prior to listing. It can also help equip you with information to show potential buyers that only minor repairs/upgrades are required. It also takes the guesswork out of waiting for a home inspection after a potential buyer makes a conditional offer. Not to mention it boosts confidence in your property!

Reach out to me today!

If you are interested in buying or selling a home in the Comox Valley or learning more about real estate in Comox, Courtenay, and the area, feel free to contact me. In addition, don’t hesitate to message me with any other questions you have about real estate in the area. Continue to check back.

comox real estate

Comox Real Estate Recap – 2022!

/0 Comments/in /by

2022 was a bumpy year for real estate. However, everything seemed to balance out by the end! Over the course of the past year, I wrote several blog posts to keep everyone up-to-date with Comox real estate. Now that 2022 is coming to an end, I thought it would be best to write a year-end recap for all of the blog posts written in 2022. This way we can all look back and reflect upon the year. Follow along below to check out my 2022 Comox real estate blog summary! 

Spring & Summer.

Mar – Why Hire a REALTOR® in Comox Valley?

There are many reasons why people choose to hire a REALTOR® in Comox Valley. The expertise and know-how of an agent, are certainly comforting when it comes to purchasing a home. Learn more about why you might consider hiring a real estate agent, in this article!

Apr – Advantages of Living in Comox Townhouses For Sale

There are various factors that make townhomes desirable. If you’re looking to downsize or upsize, a townhome is the perfect middle ground. Check out this post to learn more about the advantages and perks of townhouse living in Comox, BC!

May – Why Live in Courtenay Apartments for Sale?

Purchasing Courtenay apartments for sale can be a great way to save money! However, it is important to get all of the information before you make the move. In this article, I went through some of the perks of moving into a Courtenay apartment. 

June – Amenities of Courtenay Townhomes for Sale.

Purchasing Courtenay townhomes for sale allows you to gain access to one of the world’s greatest outdoor playgrounds. By reading this article, you can learn more about the outdoor amenities of Courtenay townhomes for sale. 

July – Townhomes in Comox Valley For a First-Time Buyer.

Living in townhomes in Comox Valley is a great option for first-time buyers. Townhomes are a great choice for buyers who can’t or don’t want to commit to owning a traditional single-family home. Check out this article to learn more.

Aug – Apartments in Comox For Retirees!

Downsizing can be beneficial for retirees. Moving into a smaller place can help you make time for the things you love. For instance, travelling, getting outside, relaxing, or picking up a new hobby. Learn more about the benefits of owning an apartment in Comox as a retiree!

Comox Real Estate – Fall & Winter Recap.

Sept –  Apartments in Courtenay For Empty Nesters!

Owning an apartment as an empty nester can be a great way to save money and better spend your time. Once your kids head off to college or move out, you have the chance to downsize. This opportunity can provide you with all sorts of freedoms that a single-family home may be hindering.

Oct – Real Estate in Comox to be Affected by New Mortgage Broker Rules.

New laws were proposed surrounding the Mortgage Brokers Act in British Columbia in October. These new laws will likely affect those purchasing real estate in Comox and other cities across the province. According to the government’s statement, the soonest that these laws would be implemented is late 2023. Be sure to check this article out if you haven’t already. 

Nov – Preparing Houses in Comox for Winter.

Preparing houses in Comox for winter is a crucial task. Although Vancouver Island doesn’t receive much snow, there is a lot of rain. Cold winds and lots of water can cause destruction to your home if you aren’t careful. In this article, I went over the ways that you can prepare your home for Winter in Comox.

Contact me today if you have any questions about buying or selling Comox real estate. Thanks to everyone for another awesome year! I look forward to working with you again in 2023. Be sure to check back next month for more blog content. Happy holidays everybody!

Houses in Comox

Preparing Houses in Comox for Winter

/0 Comments/in /by

Preparing houses in Comox for winter is a crucial task. Although Vancouver Island doesn’t receive much snow, there is a lot of rain. Cold winds and lots of water can cause destruction to your home if you aren’t careful. By taking the time to prepare your home, you can avoid any damage or unforeseen costs. In this article, I will be going over the ways that you can prepare your home for Winter in Comox. Follow along below to learn more about this topic.

How to Prepare Houses in Comox for Winter?

When you begin preparing your home for winter, make sure you check that your windows and doors are secure. This means ensuring that the caulking is intact/none of the weather strips are broken. If you notice any damage to the seal around your windows or doors, grab some caulk from your local hardware store. It is important to take care of this task so that cold air and moisture don’t seep into your home. 

Moreover, in a place as wet as Comox, you’ll want to make sure that the land around your home is sloping away from the foundation. During this time, you can also check for any cracks, chips, or crumbling in your foundation. If you suspect a problem, make sure you call an expert right away! 

Next, take a good look at your roof. Comox is known to get a substantial amount of rain and having a good roof is key. Make sure that there are no damaged or missing shingles on your roof. You should also be mindful of any holes that could cause leaks during rainy months. 

If you are interested in learning more about how to prepare houses in Comox for the winter months, contact me today. For more information about buying or selling a home in Comox Valley, feel free to reach out. Don’t hesitate to message me with any other questions that you have about real estate in the area. Continue to check back each month, for more info about buying and selling properties in Comox, B.C. I look forward to being in touch with you soon!

real estate in comox janice leffler

Planning a winter vacation? Some tips before you go.

/0 Comments/in /by

Many people plan to spend winter months in sunnier southern locations. To make sure your home is safe during that time away, there are some things you should plan to do before heading out on that short or longer vacation. 

To minimize the risk of damage or break-ins, there are some simple things you can do.

Here are a few tips to consider:

  • Be sure all doors, windows, and garage doors are properly closed and locked. Don’t forget about the basement.
  • Rather than leaving spare keys hidden on the property, consider asking a friend, neighbour, or family member to check on the property while you are away. Leave them a key so they can collect mail, water plants, and watch for potential problems. This will also show some activity and give the idea someone is home.
  • Set timers on lights inside and out similar to your home routine. This will ensure an appearance of life rather than leaving a dark, empty home or having lights on all day and night.
  • Shut off the water if you are going to be away for an extended period of time and unplug all electronics.
  • If you don’t have them already, consider installing an alarm system and security cameras. Cameras at exterior doors will often connect to an app on your smartphone so you will know when someone is at your door when you are not.
  • Do not leave any valuables in sight. A good idea is to secure jewelry, cash, keys, or any other important items in a home safe or safety deposit box.
  • Smoke and carbon monoxide detectors should be checked prior to your departure to make sure the batteries work and function as intended.
  • In winter, so it looks like someone is home, have a friend or neighbour drive on or clear off your driveway. When it snows, a sure sign you are away is no tire tracks or footprints in the snow.
  • And a last important tip: wait until you get home to share your photos and experiences on social media. Nothing spells vacated home more than shouting it to the world before and during your trip.

If you are interested in learning more about real estate in Comox, Courtenay, and the area or about buying or selling a home in Comox Valley, feel free to reach out. Additionally, don’t hesitate to message me with any other questions you have about real estate in the area. Continue to check back.

Real Estate in Comox

Real Estate in Comox to be Affected by New Mortgage Broker Rules.

/0 Comments/in /by

The Mortgage Brokers Act in British Columbia has recently changed. These new laws are likely to affect those purchasing real estate in Comox and other cities across the province. Finance Minister Selina Robinson presented changes to the bill on Tuesday, October 4th, 2022 by. The claim of the bill is to provide consumers with more transparency and protection when dealing with the mortgage broking industry. In this article, I will be going over the proposed bill and how this will affect those looking to purchase real estate. Follow along below to learn more. 

How Will Real Estate in Comox be Impacted by the New Mortgage Broker Rules?

New mortgage broker rules have been proposed with the assertion that they will provide more safety to homebuyers. Moreover, according to a recent article by CBC, “the new act will give the B.C. Financial Services Authority the ability to make rules for the industry, as non-traditional lenders emerge and more people turn to brokers and online technology to arrange residential mortgages”. This is said to help minimize/address issues surrounding B.C.’s money laundering investigation. 

Fines for mortgage brokers who violate the rules (pending approval) have increased to a maximum penalty of $500,000. Further to this, those with more than one offence could garner fines of up to $2.5 million. According to the government’s statement, the soonest that these laws would be implemented is late 2023. 

If you are interested in learning more about how your purchase of real estate in Comox will be impacted by new mortgage broker rules, contact me today. For more information about buying or selling a home in Comox Valley, feel free to reach out. Additionally, don’t hesitate to message me with any other questions that you have about real estate in the area. Continue to check back each

apartments in courtenay

Apartments in Courtenay For Empty Nesters

/0 Comments/in /by

Owning an apartment as an empty nester can be a great way to save money and better spend your time. Once your kids head off to college or move out, you have the chance to downsize. This opportunity can provide you with all sorts of freedoms that a single-family home may be hindering. Moreover, the additional costs of owning and maintaining a single-family home can be entirely eliminated by moving to an apartment. In this article, we will be going over the benefits of moving into apartments in Courtenay as an empty nester.

Follow along below to learn more.

Owning Apartments in Courtenay as an Empty Nester.

In general, living in a smaller space will save you more money. For instance, your apartment will require less use of electricity, gas, and water. Therefore, helping you cut down your monthly utility bills. Furthermore, you won’t need to spend as much money on repairs or maintenance because most of these things are covered within your strata fee. And, since you’ll be downsizing you won’t need to worry about buying new furniture. Instead, you can sell the extra furnishings you own and make a bit of extra cash. 

In addition to lower costs and fewer belongings, you’ll have a lot more free time. Instead of being chained to landscaping your home, or cleaning every room, you can get outside and enjoy the world around you. Spend your weekends with apartments in Courtenay strolling around the harbour, or visiting a local winery or brewery. 

Enjoy the flexibility and newfound freedom of owning apartments in Courtenay as an empty nester. Forget the drone of doing Sunday chores and weeding your backyard with a smaller living space. For more information on owning apartments in Courtenay as an empty nester, contact me today. I’d be happy to help you find the perfect place to call home in Courtenay. Feel free to reach out with any questions or concerns that you may have about a property in the area.

I look forward to working with you in the near future!

apartments-in-comox-for-seniors

Apartments in Comox For Retirees!

/0 Comments/in /by

Downsizing can be beneficial for retirees. Especially for those looking to move to apartments in Comox. Moving into a smaller place can help you make time for the things you love. For instance, traveling, getting outside, relaxing, or picking up a new hobby. Furthermore, using the money from selling your single-family home can help you achieve all of your retirement goals. Follow along below to learn more about the benefits of owning an apartment in Comox as a retiree!

Owning Apartments in Comox as a Retiree.

Apartments in Comox can provide retirees with relief from housework and tiring maintenance. Most apartments require minimal upkeep and most other major tasks are taken care of by the strata. Saying goodbye to the maintenance a single-family home provides can be an amazing choice for retirees. 

Ditching the lawnmower can allow you to fulfill your retirement goals. Whether that be golfing in the mornings or visiting somewhere tropical for months at a time. Having the freedom to do what you want, when you want is a wonderful thing. However, it requires some financial planning. If you’ve already paid off your mortgage and the maintenance of your house isn’t too taxing, it might be smarter to stay where you are at. Alternatively, if the cost of an apartment will allow you more expendable income, then it may be worth looking into. 

Determining if owning an apartment in Comox is right for you, will come down to the lifestyle you plan on living during your golden years. That coupled with how it will affect you financially. It is important to consider your future plans and choose a living situation that best suits those goals. 

For more information on owning apartments in Comox as a senior, contact me today. I’d be happy to help you find the perfect place to call home in Comox Valley. Feel free to reach out with any questions or concerns that you may have about a property in the area. I look forward to working with you in the near future!

Townhomes in Comox Valley For a First-Time Buyer

Townhomes in Comox Valley For a First-Time Buyer.

/0 Comments/in /by

Living in townhomes in Comox Valley is a great option for first-time buyers. Townhomes are a great choice for buyers who can’t or don’t want to commit to owning a traditional single-family home. Furthermore, a townhome will provide you with a great in-between option that is in the middle of buying a home and condo. For more information on why you should consider purchasing a townhome as a first-time buyer, read more below. 

Buying Townhomes in Comox Valley as a First-Time Buyer.

As a first-time buyer, it can be difficult to gather the cash to afford a traditional single-family house. However, a townhome is a more affordable option that still provides many of the same perks as owning a home. Townhouses are often larger and offer small yards to residents. Typically, townhouses are multiple stories that give homeowners the opportunity to spread out throughout the home. 

In addition, townhomes usually have strata that take care of exterior maintenance like cutting grass, snow removal, and other general upkeep tasks. This is great for busy professionals or students. Although, living in a stratified community does come with an additional monthly cost. On the bright side, townhome communities can offer amenities such as a pool, proximity to stores, and transit!

Contact Me Today!

Living in Comox Valley is an incredible experience that you won’t want to pass up. There are a variety of perks to owning townhomes in Comox Valley as a first-time buyer. For more information on a townhome in Comox, be sure to contact me today! I’d be happy to help you find the perfect townhome for you.

Feel free to reach out with any questions or concerns. I look forward to working with you in the near future.

Amenities of Courtenay Townhomes for Sale.

/0 Comments/in /by

Courtenay townhomes for sale are close to an abundance of amenities. From beaches and parks to ski hills and camping. Courtenay is home to every outdoor activity imaginable. Purchasing a townhome in Courtenay allows you to gain access to one of the world’s greatest outdoor playgrounds. Learn more about the outdoor amenities of townhomes in Courtenay below. 

Enjoy the Outdoors With Courtenay Townhomes for Sale.

Courtenay townhomes for sale have easy access to some incredible outdoor activities. For instance, the Mount Washington Ski Resort. Enjoy over 1700 acres of skiable slopes during the winter. And, in the summer months, you can swap your skis for a mountain bike for a whole new experience. 

Courtenay is also near various provincial parks. For instance, Strathcona Provincial Park and Miracle Beach Provincial Park. These parks are perfect for a weekend getaway camping or an afternoon of hiking. Residents can also swim and paddle around the coastline, taking in the incredible views of Vancouver Islands scenery. Many people visit from around the country to come and experience the gorgeous parks and beaches in the Comox Valley. Owning Courtney townhomes for sale allows you to visit these parks year-round. 

Purchase Courtenay Townhomes for Sale Today!

Living in Courtenay is a great way to get outdoors and experience all that Vancouver Island has to offer. There are a variety of amenities available when you purchase Courtenay townhomes for sale. For more information on a townhome in this area in Comox, be sure to contact me today! I’d be happy to help you find the perfect townhome for you and your family. Be sure to visit my social media page here for the latest updates and more. Feel free to reach out with any questions or concerns. I look forward to working with you in the near future.

Comox-apartments-for-sale

Why Live in Courtenay Apartments for Sale?

/0 Comments/in /by

Purchasing Courtenay apartments for sale can be a great way to save money! However, it is important to get all of the information before you make the move. In this article, I will be going through some of the perks of moving into a Courtenay apartment. This way, you are better able to make the decision of whether an apartment is right for you! Follow along belong to learn more about Courtenay Apartments for sale.

The Pros and Cons of Living in Courtenay Apartments.

courtenay apartments for sale

The pros and cons of living in an apartment are extensive. Apartments are a great way to downsize and save money. Moreover, most apartments are stratified, which means you pay a monthly fee to have basic maintenance tasks fulfilled. This means no more exterior repairs, gardening, mowing the lawn, or painting!

Furthermore, most modern apartments in Comox provide amenities like game rooms, swimming pools, and gyms. Additionally, there is better security and lower cost for an apartment. Lastly, living in an apartment is a great short-term option for those who move around lots. 

Despite the various pros, you may discover that the rules of the strata aren’t suited to your lifestyle. For instance, most apartment buildings have a zero-tolerance policy on smoking, noise levels, and pets. Additionally, you do not have much control over when building maintenance is done. Further to that, residents are still required to maintain the appliances and everything inside of their unit. These repairs can include, broken light fixtures, kitchen appliances, bathroom fixtures, etc.

There can also be less privacy in an apartment, simply because of the number of people living in the building. Conversations can be overheard and noise can travel from unit to unit. Although, concrete and steel buildings tend to have limited noise infiltration. 

There are a variety of pros and cons to buying Courtenay apartments for sale. Living in Comox is a blast! Don’t hesitate to reach out with any questions or concerns about a property. For more information on an apartment in this area in Comox, be sure to contact me today! I’d be happy to help you find the perfect apartment for you and your family. Be sure to visit my social media here.

Advantages of Living in Comox Townhouses For Sale

/0 Comments/in /by

Comox townhouses for sale can be an amazing investment. There are various factors that make townhomes desirable. If you’re looking to downsize or upsize, a townhome is the perfect middle ground. Follow along below to learn more about the advantages and perks of townhouse living in Comox, BC!

Comox Townhouses For Sale Require Less Maintenance.

Comox townhouses for sale

Many townhouses are stratified, which means you don’t need to worry about mundane maintenance tasks. For instance, you won’t need to pull weeds, cut grass, take care of plants, or perform any landscaping tasks. However, you will still get the benefit of having a front and backyard. During the winter you may not even have to worry about shoveling walkways and sidewalks. Unless you move to a gated community, these perks are not available to owners of single-family homes. 

Great Location and Sense of Community 

Living in a townhouse provides homeowners with a community of people surrounding them. There is a unique pull to living in a townhome community. Having lots of people nearby makes it easier for kids and adults to make friends and foster a sense of community. Moreover, the circle of people you connect with can make sure that someone is always looking out for you and your home. Thus making a townhome more secure and safe.

Furthermore, townhomes are often situated in great locations. Oftentimes, when living in a townhome, you won’t have to commute far to find shopping, dining, and entertainment! An awesome location will also help if you decide to put your home up for sale. 

Contact Me About Real Estate For Sale in Comox!

Comox townhouses for sale are the perfect investment for new families and older couples. Settle down in a quaint Comox townhouse now! Contact me today if you have any questions about living in Comox townhouses for sale. I look forward to working with you as your Comox REALTOR in the near future!

Why Hire a REALTOR® in Comox Valley?

/0 Comments/in /by

There are many reasons why people choose to hire a REALTOR ® in Comox Valley. The expertise and know-how of an agent, are certainly comforting when it comes to purchasing a home. Especially, if you are just getting into real estate. A great REALTOR® can come in handy in various situations. Learn more about why you might consider hiring a real estate agent, in the article below!

Reasons to Hire a REALTOR ® in Comox Valley:

One of the biggest reasons why people choose to hire a real estate agent is their experience. This is an important asset given Canada’s current market conditions. Record high prices and short buying windows make for tricky transactions. However, with the help of a trusted real estate agent, things are known to progress a little smoother. Additionally, their superb negotiation skills provide you with less worry when it comes to closing the deal on your dream home. Moreover, their access to specific marketing resources makes selling your property a breeze. 

Another important factor to consider, is a real estate agent’s connections. Employing a REALTOR® in Comox Valley who is well-connected is essential. Oftentimes, real estate agents are in close contact with other agents, developers, city officials, contractors, inspectors, and more! This is extremely helpful when it comes to buying or selling your home. Instead of having to go out and search for someone, you can simply use one of their trusted contacts. 

If you are interested in learning more about me and my career as an agent, check out my biography. For more information about hiring a REALTOR® in Comox Valley, contact me today. For those with questions about real estate in the Comox area, feel free to reach out at any time. Continue to check back each month, for more information about buying and selling real estate in Comox, B.C. I look forward to being in touch with you soon!

janice leffler comox valley real estate market update 2021

Comox Valley Real Estate Market Update – 2021

/0 Comments/in , /by

2021 is still a good time to invest in Comox Valley Real Estate

With historically low-interest rates still anticipated to be around for a while and prices relative to many other locations still reasonable, it remains to be a good time for buyers to take advantage and invest in real estate in 2021 if you have a down payment and consistent income. You have to live somewhere and it doesn’t seem best for you to pay the landlord when you can invest in yourself. Also, buyers who have been waiting for prices to drop could simply remain out of the market longer since it doesn’t seem likely that will happen in the next while.

Sellers in some price ranges still have to be patient, but with the number of active listings declining it looks like it will continue to be a sellers’ market. It is always important for people with their property on the market to do what they can to make it stand out from the masses, which includes being price-conscious.

If you are considering selling or buying a home/investment in 2021, wondering about the current market, or just want to talk to me about your real estate, I’d love to hear from you! I will provide you with professionalism, integrity, honest, accurate information, local market expertise, and keep you current which are all valuable insights that I can offer as your real estate agent.

janice leffler comox valley real estate market update 2020

Comox Valley Real Estate Market Update – 2020

/0 Comments/in , , /by

2020: The year of COVID-19

The year began as many do with a slow start, picking up as February and March roll around. This was a different year though, as we came to realize. COVID-19 reared it’s head and by mid-March businesses and employees were becoming affected in ways no one expected. As March, April and May progressed, real estate was almost at a standstill. Then came June and what a change. The flood gates opened! We all know what happened next. Lots of buyers, not as many sellers, more than one offer at a time, waiting to entertain offers because there was so much interest.

This carried on into 2021 and, if it is possible, became increasingly evident. There were fewer listings than we had ever seen and people wanted to move closer to relatives, out of the city, to lower priced markets and so on.

—

Important information about Comox Valley real estate:

The following information is from end-of-year 2020 statistics and supports the overall decline in sales numbers as a result of fewer people selling and, therefore less available to purchase. It also reflects a general reduction in activity due to government strategies aimed at cooling the real estate market – from the B-20 stress test for financing, foreign buyer’s tax which is not applicable in this area yet but does have some impact, constant threats of increased interest rates along with other measures.

  • This past year in real estate (2020) ended much as it began with more buyers than sellers. It is very different from anything I remember over the life of my 33-year real estate career. We saw fewer listings, taking less time to sell, more people wanting to buy, multiple offers on most properties, and rising prices.
  • The average price of single-family homes was on the rise in 2019 and that trend continued throughout 2020, beginning at about $580,000 in January and finishing out the year at $632,000. Total number of single-family sales in all price ranges was down from just 850 to 778 between 2019 and 2020.
  • By far the most active price ranges for homes are between $450,000 and $800,000, accounting for 78% of the total market with $400,000 to $450,000 and $800,000 to $1,000,000 encompassing another 17% of the sales;

Infill, subdivision, and new construction in Courtenay

  • As usual, the majority of all single-family sales in our area occur in Comox, but there has been a shift with the City of Courtenay now moving ahead of East Courtenay (which has historically been second to Comox). Sales in Comox, at just over 26% of the total market, amounted to 204 in total for the year, up from a 20% market share in 2019. With infill, subdivision, and new construction in Courtenay City, sales sat at 22% with 172 of total area sales and East Courtenay moving down slightly from 2019 at 16.9% or 132 sales.
  • Due to new homes being built and more lots coming on the market in Cumberland, it has picked up 1% of that market change now sitting at just under 9% of the total number of sales with 70 in 2020. Also of interest is that Cumberland prices are now in line with the rest of the municipalities in the Comox Valley as far as sale prices with the majority of them between $450,000 and $700,000. With home sales in Crown Isle at 72 in 2020, that is double what they were in 2019 and it looks like what has happened there is that all other areas have caught up to Crown Isle pricing where the bulk of the market was between $600,000 and $900,000  There is a wide range of sales numbers and prices in all other areas that has, interestingly, decreased from the previous year to almost 15% of the local sales market from 30% in 2019. It appears that buyers preferred to live in town in 2020 by quite a wide margin which would account for the bigger numbers in urban areas.

Rural areas in Comox Valley Real Estate

  • In the rural areas – outside Courtenay, Comox, and Cumberland – there was quite a change last year with the number of sales on the Comox Peninsula and Courtenay North, Courtenay South, Courtenay West, and Union Bay/Fanny Bay tallying just half the sales of the previous year. Two other notable mentions are Merville/Black Creek and Mt. Washington. In the case of Merville/Black Creek, sales dropped last year by more than 30% and Mt. Washington sales figures increased by over 40%.
  • Interestingly in 2019, 66% of what was listed was sold, and in 2020 that increased to 88% which is similar to the 2017 market and still much better than other previous years. At this moment it is very much a sellers’ market because of low inventory and huge demand – in part because of COVID-19, it seems.
  • As always, buyers are particular about what they will buy and what they are prepared to pay for it, but they will pay based on their experience which has elevated sales prices much to some buyers’ consternation.

Apartments and Condos in Comox Valley

  • The Comox Valley condominium market remains strong with most listings being apartment-style, but the best prices realized are for patio or townhomes. Of note is that there were almost as many patio and townhome sales in 2020 as in 2019 and of apartment-style condos too, along with increased prices. All are being built even though the time from inception to realization is still of concern to developers and there are more rental apartments under construction now too. Townhouse sales have been good and they, along with the single-family market, have seen considerable increases in sale prices. They continue to be a preference for certain buyers because of the built-in maintenance and affordability while providing good living space in comparison to the single-family home price, age, and size.
  • The lot market has picked up with some subdivisions taking place in Courtenay, Cumberland, and Crown Isle primarily. While there were 175 active listings, up only a little from 163 in 2019, there were twice the sales over the past year with the average price at about $334,000. The lack of affordable development property is a factor and has led to the majority of subdivisions being bought up by builders. The increase in initial price, infrastructure, and building costs has pushed up the cost of new construction as well.
  • To summarize, the most active price ranges up to the end of December are now $450,000 to $800,000. There were a significant number of people, 604 or almost 78% of total sales, who sold their homes between $450,000 and $800,000, and only 85 sales over $800,000. That includes less sales than in 2019 over $1M down from 41 to 26.

Real estate sales

/0 Comments/in /by

MLS listings and sales of condominiums of all types (apartments, patio homes and townhouses) in the Comox Valley were slightly better in January 2019 and than they were in January 2018. Of note though, is that prices were higher this year for both patio homes and townhouses, but were lower for apartments. Condominium living is not for everyone, but suits many perfectly because the maintenance is done for you. You do pay that monthly strata fee and that should cover the day to day operations with lots to spare. Remember that you have to have money set aside for maintenance when you live in a freestanding home too. There are always repairs to be done, the difference with a condo (or strata) is that you share maintenance with the others in the community. Want to know what’s going on with properties for sale in Comox, Courtenay, Cumberland or the Comox Valley in general? I have all the information you need about what is for sale, what has sold and what you can expect here.

Tips to Increase your potential

/0 Comments/in /by

When you decide to sell your home, naturally you want to get the best price possible by appealing to your audience.

 

I have posted some tips under the “For Sellers” heading for you to have a look through.

Property in Comox/Courtenay

/0 Comments/in /by

Thinking about real estate, think Comox Valley. I can arrange to send MLS information to you about Comox, Courtenay, Cumberland and everywhere from Black Creek to Bowser and beyond. Home buyers and investors who have been looking at real estate are acting quite quickly when they see what they want. That is certainly an indication of the market we have been experiencing over the past couple of years as less sellers come to the table and buyers continue to choose where they want to live for lifestyle rather than for employment. We have to share our wealth to keep money moving, help people keep those jobs they have and maybe even create some new ones. Whether we like it or not, we are great consumers and that is what makes our world go around. It is wise to be careful, but the Comox Valley is a great place to live and invest in property. An airport, new hospital, lots of government services, increasing shopping opportunities, lots of recreation . . . . and no dirty industry . . . . along with a lot of active folks who love what is offered in Comox and surrounding areas make it a wonderful place to call home.

Preparing to Sell

/0 Comments/in /by

When you are considering selling, it’s a good idea to use a critical eye in  your own surroundings. Try to envision how it would look to a person coming in for the first time. Consider the appeal of a tidy and organized house and start removing or donating the things that clutter your home and the things you don’t want to move to a new home. It sounds like a lot of work, but start with one room, a bit at a time. Purge. Storage bins, garbage bags, donation piles and garage sale boxes will help in your task. It’s surprising how you will catch on to it and actually enjoy the outcome. So will potential buyers!

Winter in Comox

/0 Comments/in /by

Well, though winter in the Comox Valley is extremely unlike winter in most of the rest of the country, our real estate market here does slow down considerably though the end of 2017 was busier than many. December saw more activity than in the past couple of years even though people also began preparing for Christmas earlier than usual. There have been sales and listings as always, but not like it is earlier in the year. I can remember being busy selling and listing right through December in years past and this was the case again in 2017. Listings on the MLS come off the market or are taken off as trees, lights and sugar plum fairies loom ever closer. Who wants strangers wandering through their homes at this time of year?

Gardens in Winter

/0 Comments/in /by

The great outdoors can be enjoyed year round, especially in the temperate climate we languish in the Comox Valley. If you like to spend time in your garden in the spring and summer, why not winter too?

There are some really simple and great ideas from colour and lighting to keeping warm that I have suggested under the For Sellers tab on my home page. Whether you like to sit in a protected corner or feel the full effects of the weather in your garden, there may be something that appeals to you.

Have a look to see if there’s anything you want to incorporate in your yard.

Real Estate Trends

/0 Comments/in /by

It looks like 2019 here in the Comox Valley will be similar to the previous year. To see what is happening with real estate, including all areas north south, east and west from Fanny Bay to Black Creek, have a look at the Market Overview link on my main page. Just updated in January 2019, it will give you an idea where we’ve been and where we may be going in the coming year.