Posts Tagged ‘real estate planning’

Housing demand around the University of Victoria continues to grow, and new projects are reshaping how students, renters, and homeowners live near campus. Several existing and planned developments near UVic aim to increase housing supply, improve walkability, and support long-term community growth. On-Campus Housing Expansion at UVic UVic has prioritized adding more on-campus housing to address student demand. Recent residence projects have focused on higher-density buildings with modern amenities and strong sustainability standards. These residences help reduce pressure on nearby rental markets by keeping more students on campus. Looking ahead, UVic has announced plans for an additional large-scale student housing project that will add hundreds of new beds for upper-year and graduate students. This future development near UVic is designed to maximize land use while supporting transit access and campus services. University District and Long-Term Planning UVic is also planning a broader mixed-use area known as the University District. This long-term vision includes housing, commercial space, and community amenities on university-owned land near Gordon Head Road. While still in planning stages, this project signals a shift toward a more integrated campus-adjacent neighbourhood. Once complete, the University District could play a major role in expanding housing options near UVic while supporting local businesses and services. Off-Campus Developments Near UVic Several nearby developments are already changing the surrounding neighbourhoods: New rental and condo projects along Shelbourne Street and McKenzie Avenue are increasing density near key transit routes. Purpose-built rental buildings near UVic are providing alternatives to older secondary suites and student rentals. Affordable housing projects led by non-profit and public housing providers are helping diversify the local housing mix. These developments near UVic appeal not only to students but also to professionals, downsizers, and investors seeking proximity to the university and amenities. What This Means for Buyers and Renters As developments near UVic continue, buyers and renters can expect more housing choice over time. Condos and purpose-built rentals may improve affordability compared to older, high-demand rental stock. At the same time, increased density may bring changes to traffic, parking, and neighbourhood character. Checking zoning, development applications, and school catchments early remains important when considering property near the university. Final Thoughts Existing and upcoming developments near UVic reflect a broader push to address housing demand while supporting a growing academic community. For students, homeowners, and investors, these projects signal continued growth and long-term change in one of Victoria’s most sought-after areas. Leanne D, 5-Star Review, via Google “I would highly recommend the Faber Group this is the second time we have used them and have been over the top happy with their service. They are an honest group of men who all go above and beyond to make your experience perfect!” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

A first showing is often about first impressions. A second home showing, however, is where buyers gain clarity. This visit allows you to move past surface appeal and focus on whether the home truly works for you. How the Home Really Functions At a second showing, buyers tend to slow down. You notice room flow, storage, and how spaces connect. This is the time to picture daily routines, furniture placement, and whether the layout supports your lifestyle. Details You May Have Missed Small issues often stand out on a return visit. Look closely at finishes, windows, doors, and flooring. You may also notice signs of wear, moisture, or deferred maintenance that were easy to overlook the first time. Light, Noise, and Neighbourhood Feel Seeing the home at a different time of day can change your perspective. Pay attention to natural light, street noise, nearby activity, and privacy. These factors affect comfort long after move in day. Questions and Follow Ups A second home showing is ideal for asking targeted questions about age of systems, upgrades, utilities, or strata details. It also helps confirm whether the property still feels right once emotions settle. A second home showing provides confidence. It helps buyers confirm their decision, identify concerns early, and move forward with an offer based on clarity rather than impulse.   Michael F., 5-Star Review, via Google “Cal and Scott exceeded our expectations in every way. They were always available to answer our questions and address any concerns immediately, providing exceptional support throughout the entire process. Their dedication and expertise made the selling and buying experience seamless and stress-free. ” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Downsizing is not just about moving into a smaller home. For many homeowners, it represents a shift toward simplicity, flexibility, and a lifestyle that better matches current needs. Knowing when the timing is right can make the transition smoother and more rewarding. Here are some clear cues that it may be time to consider downsizing. Your Home No Longer Fits Your Lifestyle If certain rooms go unused or stairs and maintenance feel more burdensome than beneficial, your home may no longer align with how you live day to day. A space that once felt perfect can start to feel inefficient as needs change. Maintenance and Upkeep Feel Overwhelming Larger homes often come with higher maintenance demands, from yard work to repairs and ongoing upkeep. If managing the home takes more time, energy, or money than you would like, downsizing can reduce stress and free up resources. You Want to Free Up Equity Downsizing can unlock home equity that can be redirected toward travel, retirement planning, investments, or helping family. In many cases, a smaller home or condo allows homeowners to maintain comfort while improving financial flexibility. Your Priorities Have Shifted As lifestyles evolve, priorities often change. Proximity to amenities, healthcare, social activities, or walkable neighbourhoods may become more important than square footage. Downsizing can allow you to move closer to what matters most. You Are Thinking Ahead Planning ahead is one of the strongest reasons to downsize. Moving while you have the time and flexibility to choose the right home and location can prevent rushed decisions later. Many homeowners prefer to downsize on their own terms rather than out of necessity. Market Conditions Support a Move Favourable market conditions, strong demand for your current home, or increased options in smaller properties can make downsizing more appealing. Understanding how current trends affect both selling and buying is essential when evaluating timing. You Want a Simpler Day-to-Day Routine Downsizing often leads to a more manageable lifestyle, with less cleaning, lower utility costs, and fewer responsibilities. For many, this simplicity translates into more time for hobbies, travel, and personal interests. Is Now the Right Time to Downsize The right time to downsize depends on your personal goals, financial situation, and lifestyle preferences. There is no one-size-fits-all answer. A thoughtful approach, supported by local market knowledge, can help ensure the move aligns with both short-term and long-term plans. If you are considering downsizing, understanding your options and timing can make all the difference in creating a smooth and confident transition.   James C., 5-Star Review, via Google “Scott made the process of finding a good condo in Victoria as simple and straightforward as it can be. He was always very helpful, and quick to respond throughout the process from start to finish. Being new to BC I think the ordeal would have been pretty overwhelming otherwise. I'd definitely recommend Scott and his team to others in the future.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Spring is one of the busiest and most competitive times of year in the real estate market. Buyers are active, inventory increases, and well-prepared homes tend to stand out. If you are thinking about selling this spring, taking the right steps early can make a meaningful difference in both timing and final sale results. Here are the key steps to take if you want to sell your home this spring. Start Planning Early Preparation is critical for a successful spring sale. Begin planning several months in advance to allow time for repairs, cleaning, and professional guidance. Early planning helps avoid rushed decisions and ensures your home is ready when buyer activity peaks. Get a Professional Market Evaluation Understanding your home’s current market value is essential. A professional evaluation provides insight into pricing, recent comparable sales, and local demand. Pricing accurately from the start can attract more interest and reduce the risk of extended time on market. Declutter and Depersonalize Buyers want to envision themselves living in the space. Decluttering creates a sense of openness, while depersonalizing helps buyers focus on the home rather than the current owner. This includes clearing countertops, reducing furniture, and organizing storage areas. Complete Minor Repairs and Updates Small issues can leave a lasting impression on buyers. Addressing minor repairs such as leaky faucets, chipped paint, loose fixtures, and worn caulking can improve overall presentation. Simple updates often deliver a strong return by making the home feel well cared for. Focus on Curb Appeal First impressions start before buyers walk through the door. Refresh landscaping, clean walkways, and ensure the exterior looks tidy and inviting. Spring buyers are especially attentive to outdoor spaces, so highlighting these areas is important. Prepare for Professional Photography and Marketing High-quality photography and marketing are essential in today’s market. A clean, well-lit, and staged home photographs better and attracts more online interest. Strategic marketing ensures your home reaches the right buyers at the right time. Plan Your Timing Strategically The timing of your listing can impact exposure and competition. Understanding local market trends and seasonal patterns can help determine the best moment to list. Strategic timing can lead to stronger interest and smoother negotiations. Be Ready for Showings Once your home is listed, flexibility is key. Keeping the home show-ready and accommodating viewing requests increases the chances of attracting serious buyers. A well-prepared home that is easy to show often sells more efficiently. Work With a Trusted Real Estate Professional Navigating a spring sale requires local market knowledge, strong negotiation skills, and effective marketing. Working with an experienced real estate professional helps ensure every step is handled strategically, from preparation to closing. Selling your home in the spring can be a rewarding experience when approached with the right plan. Preparation, presentation, and professional guidance all play a role in achieving the best possible outcome.   Don Wong. 5-Star Review, via Google “I would recommend them to anyone buying real estate on the Vancouver Island. The team is very knowledgeable, courteous and professional, adding a personal touch to building a strong relationship. ” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood, Zachary Parsons, and Sophie Taylor “Building Lasting Relationships, One Home at a Time.”

Think Beyond Today When buying a home, it is easy to focus on what fits your life right now. However, considering resale value from the start can make a meaningful difference in the long run. Even if you plan to stay in your home for many years, market conditions and personal circumstances can change. Purchasing with resale in mind helps protect your investment and keeps future options open. Location Still Leads Every Decision Location remains one of the most important factors in resale value. Buyers consistently prioritize neighbourhoods with strong amenities, good schools, access to transit, and proximity to daily conveniences. Quiet streets, walkable areas, and well established communities tend to attract broader buyer interest when it comes time to sell. Choosing a location that appeals to a wide range of buyers can help reduce risk and support long term value. Layout and Function Matter A functional layout often matters more than overall size. Homes with practical floor plans, comfortable living spaces, and flexible rooms appeal to more buyers. Features such as open living areas, adequate storage, and the ability to adapt rooms for different uses can enhance resale appeal. Avoid highly specialized layouts that may limit a future buyer’s vision. Flexibility is key. Condition Over Customization Well maintained homes generally perform better than those with heavy personalization. Neutral finishes, timeless materials, and quality workmanship tend to stand the test of time. While personal style is important, overly customized design choices can narrow the pool of future buyers. Regular maintenance and thoughtful updates often provide a stronger return than major renovations driven by trends. Understanding Market Preferences Local market preferences play a significant role in resale value. Factors such as parking, outdoor space, energy efficiency, and storage consistently matter to buyers in Greater Victoria. Understanding what is commonly valued in your specific area can help guide smarter purchase decisions. A Long Term Perspective Buying with resale in mind does not mean sacrificing lifestyle. It means choosing a home that balances personal needs with broad market appeal. When these elements align, homeowners are better positioned for a successful sale whenever they decide to move on, regardless of market conditions. Andy Moore, 5-Star Review, via Google “Thank you so much to Faber group for their amazing customer service. Cal and Scott were there for us every step of the way and we couldn’t be more pleased with our sale and purchase.” Faber Real Estate Group Royal LePage Coast Capital Realty 📞 250-244-3430 📧[email protected] ℹ️ Scott Faber Personal Real Estate Corporation ℹ️ Cal Faber Personal Real Estate Corporation Vanessa Wood & Zachary Parsons “Building Lasting Relationships, One Home at a Time.”