ItB次元官网网址檚 true that for some buyers, the below-market prices on offer for units in the Vivid condominium project just getting started on Yates Street have provided a good incentive to get into home ownership in Victoria.
For brothers Declan and Caelan Midwood, current roommates in downtown Victoria whose family have bought units in other Chard Development buildings, the situation presented a medium-term investment opportunity. Not to mention a central, handy place to live.
Declan, 25, is an articling law student working for a nearby Victoria firm, looked at comparable builds and liked the combination of quality and value the project offered. While it isnB次元官网网址檛 projected to be completed until early 2021, he likes the potential for it to gain in value between now and then.
B次元官网网址淸We found] that what they had assessed these units at was very conservative,B次元官网网址� he said. He added that when the two-year covenant ends mandating that owners live in Vivid units for a minimum two years, it should provide a nice nest egg. B次元官网网址淔or that and a few other tax reasons, it was very attractive. It looked like a lovely place to live and a desirable place to be. ItB次元官网网址檚 a very good investment where youB次元官网网址檙e almost guaranteed a high rate of return.B次元官网网址�
He and fianc茅e Joyce Anne Mmbando plan to move into their second-floor suite together, unlike Caelan, whoB次元官网网址檒l be on a higher floor.
Currently an SFU engineering student doing a co-op term with a local engineering firm, Caelan says heB次元官网网址檚 been abroad for much of the last number of years with his family and is looking forward to creating a home for himself in Victoria, which he sees as a hub of activity in his line of study.
B次元官网网址淎fter six years of schooling and not having a nice, consistent place to live B次元官网网址� itB次元官网网址檚 going to be nice to know I donB次元官网网址檛 have to move every six months,B次元官网网址� he said. B次元官网网址淣owadays itB次元官网网址檚 really good to lock down a position and be able to say to an employer, hey B次元官网网址淚B次元官网网址檓 local, IB次元官网网址檓 not going anywhere.B次元官网网址�
For more details on Vivid, visit .
