While this winter saw below normal temperatures and multiple snow storms, the south Island is still a pretty nice place to spend the season, especially if you hail from places like Regina, Winnipeg or Ottawa.
Summers arenB次元官网网址檛 too bad either, with long, sunny days and comfortable temperatures.
ThatB次元官网网址檚 what makes the region a great place for co-ownership, says Emily Royer, director of sales and marketing for Pacific Landing in Colwood.
B次元官网网址淲eB次元官网网址檙e blessed here with the mildest climate in Canada ... itB次元官网网址檚 an all-season playground,B次元官网网址� she says.
The completion of its first, 33-unit phase is due this summer and three of those units will be tabbed for co-ownership, which will allow buyers to purchase specific months or segments of the year.
A buyerB次元官网网址檚 segments will stay the same from year to year, ensuring that they have their condo for the time of year that they desire.
ItB次元官网网址檚 a product that Royer says is in high-demand, especially in this market.
B次元官网网址淲e are finding demand for different times throughout the year,B次元官网网址� she says. B次元官网网址淲eB次元官网网址檙e finding so many people who are saying, B次元官网网址業B次元官网网址檝e been looking for this and IB次元官网网址檝e not been able to find itB次元官网网址�.B次元官网网址�
She notes that many retirees are now living a B次元官网网址渢riangleB次元官网网址� type of lifestyle, where theyB次元官网网址檒l spend parts of the year in three different locations, and that this type of arrangement is perfectly suited to accommodate that kind of living.
B次元官网网址淭hey spend a third of their time at home with the grandkids and a third of their time down south in Arizona or Palm Springs and then they want to spend a third of their time in a milder climate like Victoria,B次元官网网址� she says.
Royer says that typically five or six owners will enter into co-ownership for a two-bedroom, two-bathroom luxury condo and usage of the fully furnished residence will be divided up in multi-month segments.
Should an owner decide theyB次元官网网址檇 like to sell their segment, Royer says theyB次元官网网址檒l have a number of options and that flexibility for the buyer is their primary goal with this product.
The second phase of the Pacific Landing development is slated to begin construction later this year and will feature 20 units. The third and final phase will be the developmentB次元官网网址檚 largest with 62 units.
For more information visit .
joel.tansey@goldstreamgazette.com
GREATER VICTORIA MARKET UPDATE 禄 MONTH TO DATE Feb. 27/17 COURTESY VICTORIA REAL ESTATE BOARD
禄 624 / 772 -- NET UNCONDITIONAL SALES / TOTAL, Feb 2016
禄 809 / 1,160 -- NEW LISTINGS / TOTAL, Feb 2016
禄 1,555 / 2,562 -- ACTIVE RESIDENTIAL LISTINGS / TOTAL, Feb 2016
