Information Worth Knowing

Oak Bay and Secondary Suites

A secondary suite is an approved dwelling unit (with its own kitchen and living area as well as separate external access) that is located within a principal building that is used for residential purposes.A building permit is required for the construction of a new suite, or for the authorization of an existing non-permitted suite. Having a secondary...

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Mortgage Stress Test In 2021

Blog - Kitchener Mortgages, Waterloo Mortgages, Cambridge Mortgages
Starting in 2018, all Canadian buyers who are applying for a mortgage from a federally-regulated lender are now required to undergo the OSFI Mortgage Stress Test, including those who put at least 20% as a down payment. This certainly affects homebuyer hopes, as their finances are even more closely scrutinized before gaining mortgage approval. Basic...

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School District 61 Boundary Review

Greater Victoria School District 61 - Careers | Make a Future
The Board of Education approved the proposed changes to schools catchment boundaries, which will be in effect for the 2020/2021 school year.

The new catchment boundaries will help alleviate current capacity issues in the School District and address burgeoning enrolment. The District has seen an additional 1,000 students register in its schools in th...

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Oak Bay and Secondary Suites

Posted on Dec 05, 2022

A secondary suite is an approved dwelling unit (with its own kitchen and living area as well as separate external access) that is located within a principal building that is used for residential purposes.A building permit is required for the construction of a new suite, or for the authorization of an existing non-permitted suite. Having a secondary...

Read More

Mortgage Stress Test In 2021

Posted on Apr 22, 2021

Blog - Kitchener Mortgages, Waterloo Mortgages, Cambridge Mortgages
Starting in 2018, all Canadian buyers who are applying for a mortgage from a federally-regulated lender are now required to undergo the OSFI Mortgage Stress Test, including those who put at least 20% as a down payment. This certainly affects homebuyer hopes, as their finances are even more closely scrutinized before gaining mortgage approval. Basic...

Read More

School District 61 Boundary Review

Posted on Apr 22, 2021

Greater Victoria School District 61 - Careers | Make a Future
The Board of Education approved the proposed changes to schools catchment boundaries, which will be in effect for the 2020/2021 school year.

The new catchment boundaries will help alleviate current capacity issues in the School District and address burgeoning enrolment. The District has seen an additional 1,000 students register in its schools in th...

Read More