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Blog by Brenda Russell

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Victoria China USA Real Estate

January 22nd, 2012

Real Estate Report on Victoria China USA and Australia

PacWest International Management Inc Logo

UNITED STATES.  Phoenix real estate rises with Canadian buyers.  Bob Major returned to Phoenix in October in search of more bargains like the four empty houses he purcahsed in 2010.  The retired builder from Vancouver instead found real estate about 20 per cent higher and stiff competition.  "There's been an extreme turn" Major, 66, said ...

Oak Bay Update

December 12th, 2011

Oak Bay Market Update - December 2011

OakBayWelcomeChristmas


Real estate sales activity remained steady throughout Victoria and I am very grateful for new, referring and existing clients that have allowed me to help with their real estate needs and wants this year.  For those of you that know me this won't be a big surprise but for those of you that don't I would like to explain. I take pride in presenting full s ...

Canadians And U.S. Property Tax Rules

September 12th, 2011

U.S. Property Tax Rules Hit Real Estate Hard for Canadians!

PacWest International Management Inc Logo

A strong loonie and depressed U.S. real estate prices have led to a buying binge south of the border by Canadians. Canadian's are now the largest non-American buyers of U.S. real estate.  Many purchasers, however, have only a vague idea of what they've committed to from a tax and legal standpoint. "There's a presumption among people ...

Chinese Immigration to Victoria BC Canada

July 5th, 2011

Media Release from PacWest on Real Estate June 30, 2011

PacWest International Management Inc Logo

James McNaught, President of PacWest International, sent this information to me which I thought was very interesting and wanted to share with you. 


*  British Columbia gets about fifty-five percent of Canada's investor-class immigrants, people who have a minimum net worth of $1.6 million Canadian.  British Columbia drew a total of 3,77 ...

Chinese Buying Overseas Property in 2011

June 22nd, 2011

Where are the Chinese Buying Overseas Property in 2011?

PacWest China-Beijing

On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia. “My wife and I have been thinking ab ...

Oak Bay Tea Party Update

June 4th, 2011

Oak Bay Tea Party - 2011

Located at Willows Beach in North Oak Bay. 2011 celebrates the fourtynineth anniversary of the Oak Bay Tea Party.  The Oak Bay Tea Party begins with a traditional parade begining at 10:30 am along Oak Bay Avenue from Windsor Park to Willows Park.  The midway is set up and opens at 11-9 pm Saturday and 11-7 pm Sunday.

Oak Bay Tea Party 2011


Run by volunteers, the Tea Party is proud to assi ...

Oak Bay Update

April 16th, 2011

Oak Bay Artists' Studio Tour April 16 - 17

Today and tomorrow Oak Bay welcomes you to the 12th annual Oak Bay Artists' Studio Spring Tour.  A self guided free event presented by Recreation Oak Bay.  Starting at noon until 4:30pm.  Twenty-two homes throughout Oak Bay to enjoy art.  Below are the names and locations of the Artists and a map to show their locations for you to enjoy.

Oak Bay Artists Studio Tour 04-11
1.  Vic ...

Oak Bay Update

March 13th, 2011

Oak Bay's Zebra Group Wins 2010 CARE Award

Oak Bay Home Renovation By Zebra Design

CHBA National SAM AWARDS announced their 2010 winner for best renovation over $500,000.  Congratulations Zebra Group!  A 1908 home was picked up and moved about thirty-five feet, lifted up onto a new foundation and stripped to the studs for a complete rebuild, with attention to the minutest detail and superb craftsmanship throughout.  Many heritage ...

Victoria and Mainland Chinese

March 11th, 2011

Will Mainland Chinese Buyers Start to Focus on Victoria?


James McNaught, President of PacWest International, sent this information to me today which I thought was very interesting and I wanted to share this with you. 

Why have the Chinese been focusing on Vancouver?   There’s no one easy answer, but one of the main drivers is that is has a large Chinese population with all the amenities th ...

Oak Bay Update

March 8th, 2011

Oak Bay Market Update - February 2011


The snow didn't seem to slow down the activity this year in Victoria.  Of course, that said, I should remind you that snow in Victoria only lasts a few days to a week.  Currently in Oak Bay there are forty-eight active homes for sale on the MLS®.  Four in the Estevan area, four in Gonzales, four in the Henderson area, seven in North Oak Bay, twenty-one ...
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