Relocating to Victoria from a different province is an exciting endeavor, but it can also feel a bit daunting. Whether you’re moving for work, a change of pace, or new opportunities, having a plan of action will help make the transition feel like a breeze.

During the pandemic in 2020, I personally moved from Banff, Alberta to Victoria, British Columbia to embrace the West Coast lifestyle. Although, my hometown is a world wonder and jewel of the rockies, I felt the need to trade it in for a slower pace of life near the Pacific ocean, blooming cherry blossoms and sprawling rainforests. In my case, it was the best decision I ever made. Read below, to find out if it could be right for you too.

Before taking the relocation plunge, it is important to research if island living is the right fit for you!

I highly recommend learning more about Victoria, Vancouver Island and what kind of differences there are between your current province and British Columbia. Understanding the cost of living, climate, job market, and local culture can give you an idea if moving here makes sense.

• Cost of living: Look up average housing costs, utility expenses, and additional taxes like provincial sales tax (PST). Sites like Numbeo offer comparative cost-of-living data.

• Job market: If you’re relocating to Victoria for work, research industry trends and employment opportunities. British Columbia job boards, like WorkBC or Job Bank Canada, are great resources.

• Local laws and regulations: There are various services and registrations to set up for health care, driver’s licenses, and vehicle registration, as these vary by province. When moving to British Columbia, some key things to look into are BC Services Card, Medical Services Plan (MSP), and ICBC to register/insure your vehicle in BC. Additionally, getting a doctor in British Columbia can take some time, so make sure to register for a doctor once you have your MSP in place.

Plan for your moving budget & moving strategy

When I decided to make the move, I quickly realized that if I didn’t plan ahead with moving companies, getting temporary accommodation, taking time off work, etc, it can be costly. Based on your own budget, it is really important to factor in the following for the big move:

• Moving services: Get quotes from professional movers, especially companies that are experienced with cross-country relocation. The company I used is no longer in business, but some of my clients have been very happy with You Move Me for their local and long distance moves. To get a few quotes for long distance movers across Canada, check out www.mover.net.

• Travel costs: Account for moving materials like long lasting stackable bins (game changer), a personal moving cart, transportation, fuel, meals, and accommodations during your move.

• DIY move options: For a cost-effective move, rent a truck or trailer from U-Haul.

• Insurance: Make sure your belongings are covered during transit by checking your insurance policy or purchasing additional coverage.

• Deposit and fees: Be prepared for rental deposits and or home buying expenses, such as down payments, utility hook ups, maintenance, legal fees, etc. It’s always a good idea to contact a local Realtor (like moi) before moving to get a complimentary Buyer’s Guide with a local directory for Greater Victoria.

Declutter before you pack

Moving is the perfect time purge items you don’t use or don’t need. Take inventory of what you own and decide what’s worth bringing with you. After looking at the costs of moving, I decided to sell my furniture and just take essential items. Most furniture items can be found on FB Market Place, Used Victoria, Victoria ReStore, etc.

• Sell or donate: Use online platforms like Facebook Marketplace to sell items or donate to local ReStore charities like Habitat for Humanity.

• Organize essentials: Keep important documents (passports, medical records, and birth certificates) in a safe, easily accessible place.

• Packing Perfection: If your budget allows, do yourself a huge favour and purchase long lasting stackable bins and a small moving cart. It will save space and keep your items so organized. Having all bins the same size and stackable makes moving so seamless!

Are you leaving friends and family behind? Make new friends!

I’ve always been friendly and eager to meet new people, but the initial vibe in Victoria is a bit of a bubble at first. Many locals that have grown up here have their own groups and honestly, it’s not easy to be included into these closeknit longtime local groups. However, so many Victoria newbies are in the same boat and I made it my mission to find ways to build long lasting connections in this city. This not only made the transition easier, it quickly makes it feel like home.

• Join local groups: Look for local book clubs, social coffee or hiking groups, and professional networking events in your area. Sites like Meetup, Bumble BFF, and Facebook Groups are a great way to meet new friends that share similar interests. If you know anyone living in Victoria, meet up for a walk or coffee and see if a friendship can grow from there. The best part of meeting a few great people, is they introduce you to a few more great people along the way. Once you are buddied up, the best ways to get out in Victoria, is to check out the Lamp Post Victoria events calendar and start to explore our incredible city!

• Explore the area: Visit Fisherman’s Wharf, Dallas Rd Beach Walk, the Breakwater, Butchart Gardens, Murchie’s Cafe, Munro’s Book store, Willows Beach, Estevan Village, Gyro Beach in Cadboro Bay, East Sooke Park, Gowland Tod Provincial Park, The Market Garden (i.e. heaven) and so many other incredible places. There is so much to explore in Victoria and on Vancouver Island.

• Get involved: Volunteering at Our Place Shelter, Victoria Coolaid Society, Surf Rider Beach Clean Ups, Victoria Marathan, etc, is a great way to meet people while giving back.

Prepare for the emotional adjustment

While moving across provinces is a physical journey, it can also be quite an emotional one too. It’s normal to be cautiously optimistic with some mixed feelings of excitement, overwhelm and apprehension.

• Stay connected: For the first year, it’s very important to keep in touch with close friends and family from your previous home via calls, texts, or virtual meetups. If you are moving solo, it can be a lot of solitude at first, so staying connected with loved ones is essential to endure some moments of loneliness along the way.

• Be patient: Adjusting to a new city and province takes time. Give yourself lots of grace as you get acquainted with your new environment, customs, home, job and life. Best to take it one day at a time and live in the present as much as possible. My favourite thing to do in Victoria is take a walk by the ocean on Dallas Rd to remind myself how fortunate I am to live in such a beautiful place!

Relocating to Victoria or Vancouver Island is an incredible opportunity to start fresh and embrace the refreshing West Coast lifestyle. With smart planning and the right resources, you can make the relocation process easy and exciting. Whether you’re downsizing to a smaller home, upgrading for more space, or chasing new business opportunities, reach out to me anytime if you’re wanting to learn more about the relocation process!

Purchasing your first property is a new and exciting endeavor. It is a right of passage for many entering another phase of their lives. The first type of properties first-time home buyers lean towards when they get into the real estate market are condos. Condos are a great place to start when entering the real estate market for many reasons.

However, it is extremely important for you and your local Realtor to do some research and due diligence on the strata before putting in an offer to purchase. For instance, collecting as much information on the strata as possible such as the current financials, how much the monthly maintenance costs are and what are included in those costs, getting a current depreciation report to understand the state of the building, etc.

It is especially important to understand that each strata you look at during your property search will be different. There will be some with lower or higher maintenance costs depending on what is included as well as various restrictions that need to be abided by all owners and/or tenants in the building. It is necessary to really know your needs and wants prior to purchasing a condo so you end up with a home you love without constraints.

These 10 questions will help guide you on your quest to know more about your needs and wants prior to purchasing a condo:

1. What are the rules and bylaws?

As you start your search, one of the most important areas to look at before viewing the property is checking the rules and bylaws in the strata to see if they will restrict your individual needs and choices in any way. Some things you will need to look at in the bylaws, rules and regulations are if rentals are allowed and if so, what are the parameters around rentals? Are certain pets allowed and are there size, weight or height restrictions for pets? Does the building have age restrictions, such as being an adult only building? Additionally, can you have a BBQ on your balcony? All these questions need to be considered before viewing a condo you might be interested in.

2. How much is the monthly maintenance fee? What is included in the maintenance fee?

The maintenance fee or strata fee is a monthly cost generally paid at the start of the month that covers the operating expenses of the building and contributes to the contingency reserve fund (CRF). The maintenance fees cover the following operational costs: heat, water, landscaping, weekly building cleaning, snow removal, garbage disposal, amenity maintenance, security, etc. It is essential to know what the maintenance fees cover fully, as some fees do not include all of these operational costs and require you to pay additional fees for things like BC Hydro, internet, garbage pick up, etc. Finding out what is covered and what is not will help you with factoring in additional bills you can expect to pay as a homeowner.

3. Are parking and storage included?

A common complaint about some condos is the lack of parking or storage space. Some condo buildings have a single parking space and a storage locker that are allocated to each unit. Alternatively, some condos do not include parking nor storage options for owners in the building. Having a parking spot, visitor parking and a separate storage space can be essential during your property search. Especially for being able to store items away that tend to clutter your livable space, such as bikes, outdoor gear, holiday decorations, etc. You can check to see if a parking spot or a storage locker is assigned to the unit on the Form B that your Realtor can provide to you from the strata. This is an essential strata document that you will need to see to make sure your needs and wants such as parking and storage are being met.

4. What are the amenities available?

Some buildings provide access to a gym, recreational room, swimming pool, etc.  It is good to be aware of what kinds of amenities are present in the strata, as these will also be included in the maintenance/strata fee. These amenities can be some of the greatest assets in a building and really add to a higher quality of life as they are practically at your doorstep. However, a reason why some people back away from condos with a pool is because these types of amenities require increased maintenance and insurance, which often means higher strata fees or even taking from the contingency reserve fund for long-term repairs.

5. How much is in the contingency reserve fund?

The contingency reserve fund (CRF) in a strata is essentially their rainy-day fund or piggy bank. It is good to have more saved in the CRF as that will prevent special levies that will be issued to owners when building-wide repairs need to be completed. The contingency fund can be used for large projects like painting the whole exterior and interior of the building, replacing the roof, replacing old inefficient balcony windows with new double-paned, energy saving windows, etc. A healthy contingency reserve fund is indicative of a strata that is responsibly managed, as it will show that money is being allocated appropriately to keep on top of building repairs.

6. Is there a current depreciation report?

The best way to make sure the strata is on top of the repairs and upkeep of the building is by reviewing a current depreciation report. This report must be obtained from the strata to see how the CRF will be used based on the proposed depreciation of the building and the various expenses that will be incurred. A depreciation reports tells a strata corporation what common property and assets it has and what are the projected maintenance, repair and replacement costs over a 30-year time span. The engineer completing the report can compare the costs of the contingency reserve fund and current maintenance fees, and make recommendations on repairs, increase of maintenance fees, and anticipation of special levies. The depreciation report is an essential document when it comes to planning the stratas annual budget, monthly costs and other financial requirements in regard to building maintenance and repairs.

7. Are there any special levies being approved or proposed?

After reviewing the depreciation report, you will see whether there are any special levies that will be issued in the future. It is important to see if special levies have been issues in the past 2-5 years as well by reviewing previous strata budgets and financial records. Some strata buildings might have a balance of using the contingency reserve fund, maintenance fees, and an occasional special levy to keep month-month maintenance fees lower.

8. What does the insurance cover? How much is the strata insurance deductible?

The strata corporation’s insurance is a common expense; it usually occurs annually and is part of the strata’s operating budget. The strata corporation must review the effectiveness of the strata corporation’s insurance policy yearly and report on the insurance coverage at each annual general meeting (AGM). Many strata corporations choose to insure for a higher amount than the minimum $2 million and include coverage such as fire, earthquake, vandalism, lightning, vehicle or aircraft crash, etc. Knowing the strata insurance policy will be important to make sure you are covered in any type of emergency, as well as how much will be covered.

9. Do the strata have a centralized boiler system or do the units have their own hot water tank?

The condo could have a central boiler room that circulates hot water to all units in the building and includes water in the monthly strata fee. In some cases, the hot water tank will be in the individual units and the owners will be responsible for the maintenance and eventual replacement of the hot water tank. It is recommended that owners replace the hot water tank after 10 years of use for it to be most effective. While you will be responsible for the cost of water and hot water tank, the advantage is that you will also be in control of the water temperature and not have to deal with centralized issues such as unexpected water shut-off or lack of hot water when you are needing to jump in the shower before a busy day.

10. Who is the property manager? Is the strata self-managed?

It is good to know who the property manager is as they will be facilitating the strata council by carrying out the necessary objectives of the strata property act. They tend to owner requests, quotes for repairs, tenant/owner complaints, enforcing bylaws, collecting strata fees, etc. On the other hand, if the strata is within a self-managed building, the objectives of the strata property act are carried out by a collective of owners (in most cases). It is peace-of-mind to know whether there is property management in place or if the strata is self-managed to make sure maintenance fees are being used effectively, the contingency fund is being replenished and that repairs are being completed according to the depreciation report.

As always, these are just a few of the common questions to ask your Realtor when thinking about purchasing a condo. There are many more questions that you may have, as purchasing a property in a strata is complex and it varies for each building and for individual needs/wants.

If you have more questions and need more info on purchasing a condo, contact me below!

Jemilla Khan REALTOR®
250-883-7858
info@jkvictoriarealestate.ca

Welcome to my personal real estate blog about buying and selling real estate in beautiful Victoria, BC. I will post on important local and provincial updates, first-time home buyer strategies, best properties to invest in right now, how to get your home photo ready before listing & much more.

Whether you are interested in buying or selling real estate, I will be there to guide you throughout the process.

If you have any questions about real estate from home evaluations to mortgages to searching for properties throughout the Greater Victoria area, don't hesitate to contact me anytime!