2016: A Year of Giving

We started 2016 by establishing our Duttons Community Impact Fund, with the goal of donating proceeds to those local organizations which are near and dear to our hearts. With every completed real estate sales transaction we were able to grow the fund and thereby have a greater impact on our local community. We are proud to have donated over $12,000 this year to…

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A Helping Hand For The Victoria Immigrant & Refugee Centre

When I visited The Victoria Immigrant and Refugee Centre I was impressed by what a vibrant and busy community it was. There were dozens of clients using the facility to apply for jobs, take ESL classes and develop job skills. In an attempt to have our donation do the most good, and support the organization in the best way possible, we asked which program was…

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Supporting the Cridge Centre for the Family

Some of you may remember Colin Moorman, a dear friend of ours, a retired Duttons REALTOR®, and former Executive Director of the Cridge Centre for the Family. Colin approached us recently asking for support of his team’s participation in Ride for Refuge, generously hosted and operated by the Cridge Centre for the Family in support of charities benefiting the displaced, vulnerable and exploited.

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Taxes, utilities to push Victoria rents to 3.7% higher in 2017

British Columbia’s maximum residential rental rate increase will jump to 3.7% next year, a 28% surge over 2016’s 2.9% limit. The rate is set each fall by the province and is tied to the Consumer Price Index plus a 2% base allotment. Between 2014 and 2016 increases were capped below 3% while 2004, 2006, 2007 and 2012 saw rates at or above 4%.

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Victoria Property Sales Continue Record Breaking Pace

A total of 883 properties sold in the Victoria Real Estate Board region this August, an increase of 19.2 per cent compared to the 741 properties sold in August last year. “August is a record breaker in more than one way. For the sixth consecutive month, we have a sales record with more sales than any other month of August on record,” says Mike Nugent, 2016 President of the Board. “We also have the lowest number of listings available for sale…

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Vacancy Rates in Victoria

Late last month, the Times Colonist reported that there’s “little relief in sight for renters” in Victoria. Vacancy rates in Victoria for renters have been very low, sitting at just 0.6% according to the Canadian Mortgage and Housing Corporation (CMHC). Our internal statistics at Duttons confirm these statistics. We manage more than 550 condos, houses, townhomes and our internal vacancy rate has been near 0% the last 12 months.

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Supporting InspireHealth – $1,300 Donation

InspireHealth is a supportive cancer care centre in Oak Bay, which provides free services, such as nutrition consultation and cooking classes, yoga rehabilitation, physician support, counselling services and stress reduction techniques, to anyone who has either had a cancer diagnosis or is supporting someone with cancer. InspireHealth is partially-funded by the BC Ministry of Health, but relies heavily on community support…

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