65% Sold
Starting at
$
324,000

The Condos at Triple Crown


Welcome to Triple Crown – an urban, West Coast contemporary community only moments from nature.  We are in an ideal location near the heart of vibrant Langford with every amenity in easy reach, yet you can quickly leave the bustle of city life to go hiking, biking, golfing, or swimming in natural beauty of the West Coast’s forests and lakes. We're currently offering beautiful new condominiums featuring high quality fit and finishes.  They are perfect for professionals, young families, and retirees alike. Contact us to find out how easily you can own a prebuilt condominium you are going to love. We are almost sold out, so don’t wait!

Contact UsView Plans


  • Starting at
    $324,000
Starting at
$324,000

The Plans

Triple Crown Condos


Printable
Site Map PDF
SOLD
SOLD
SOLD
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$419,900
$419,900
PENDING
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$405,900
SOLD
$405,900
$405,900
PENDING
PENDING
PENDING
SOLD
SOLD
SOLD
SOLD
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$409,900
SOLD
$409,900
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8000+ Sq. Ft.

of commercial space

well positioned for local business

to grow and prosper in the west shore community

www.triple-crown.ca or call 250.474.4800
Commercial

The Features

Everything you want, and more.


Feature List

  • VRF Heating and Cooling
  • Gas hot water on demand
  • Premium six piece appliance package including stainless kitchen appliances (gas stove) full size washer and dryer
  • Elegant style, quality cabinetry with soft close drawers and doors
  • Full depth quartz stone countertops throughout
  • Tile backsplashes
  • Under mount sinks, stylish porcelain thrones
  • High quality Euro Laminate flooring in the living areas
  • Fashionable Tile flooring in bathrooms
  • posh carpet in bedrooms
  • Underground secure parking (majority of units with two parking spots)
  • Underground secure storage locker
  • Underground secure bike parking
  • Overall energy efficient, environmentally friendly, cost effective
  • Walking distance to all amenities

Appliance Package

The Community

Westshore Lifestyle.


The Team

Your Triple Crown Professionals



Todd Mahovlich

Justine Connor

Born and raised on Vancouver Island, Todd’s business experience, training and life skills acquired over twenty years as a golf professional was foundational for his success as a realtor who provides exceptional customer service with an easy going, professional demeanor.

Justine grew up in Metchosin and Westshore is her home. She is an outdoor enthusiast with a love for hiking and riding horses. Her previous experience as a travel agent combined with a decade in real estate make her an authority on beautiful location and west coast lifestyle. Justine’s clients become friends and lifelong references.

They are a team that lives and breathes the west coast lifestyle. They know the community and the businesses that support it.

Whether you’re interested in a west coast contemporary lifestyle just moments from every amenity, or in setting up your business within a central, active community, contact Todd and Justine for details about Triple Crown.

DISCLOSURE STATEMENT First Amendment to Disclosure Statement Second Amendment to Disclosure Statement

The Builder

Draycor Construction Ltd.


Customer Testimonials

Triple Crown Home Buyers


Triple Crown Townhouses

More than a home - It’s a community


Our townhouses were built by Draycor Construction Ltd., designed by Wil Peereboom of Victoria Design Group and interior designers Tracey Lamoureux and Carly Petillion of Creative Spaciz. We pulled out all the stops with our two and three level contemporary West Coast townhouses. We employed quality construction, an excellent use of space and a higher level of finishes than you will find in an average townhouse.

Along with top quality, we wanted an affordable lifestyle for our customers, so we partnered with Fortis BC and we installed natural gas heating, hot water, and appliances – a superior environmental choice at a lower operating cost for consumers.

Our customers appreciated our efforts. Once our townhouses came to market, all thirty were snapped up in under four months’ time.

Watch our next phase of development. We’re committed to building a winning community!

Triple Crown Blog

Builders are Flat-Out Busy!

According to a report released by Canada Mortgage and Housing Corporation (CMHC) on February 8th, the number of January starts – 100 units – is down from 175 starts last January.

CMHC Stats

However, 2017 was a near-record year with close to 4000 units started. That’s nearly double what the Capital Regional District normally sees – on average 2000 – 2200. Builders in the Greater Victoria region started 2,966 multi-family units and 896 single-family homes last year for a total of 3862 new homes. This number beats every other year except 1976 when the region saw 4439 starts.

 

Lack of Inventory in Greater Victoria Continues to Drive Prices

Real estate prices have risen a good deal in the last year, driven by the lack of inventory which was at a record low in January.

There was a total of 1,491 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2018, 1.6 percent fewer than the 1,516 active listings for sale at the end of January 2017.

The lack of inventory in our market is maintaining pressure on pricing, especially as high demand continues in many areas of Victoria.

The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in January 2018 was $831,900, a 9.3 percent increase from January 2017.


HPI benchmark value for a condominium in the Victoria area in January 2018 was $450,600, a 20.1 percent increase from January 2017. 

Read the full report on the Victoria Real Estate Board website.

 

Pricing Trends of Condominiums in Langford and Greater Victoria

Like all real estate sales in 2017, condominiums saw brisk sales! There was a total of 2,773 sold in Greater Victoria through the year, 370 of those being in Langford. At Triple Crown, we sold 34 of the 46 condominiums we have available, which means we contributed just over nine percent to that figure.

The average price of condominiums rose significantly through 2017, as did all other types of housing. We're happy to say our prices have remained the same, so we didn't contribute to the average rise in price. The Multiple Listing Service® Home Price Index benchmark value for condominiums was $449,460 in the Victoria downtown core, an increase over last year of 16.3 percent.


An interesting trend to note over the past 50 years of real estate prices in Greater Victoria is that prices tend to be flat for an average of eight to 13 years, then shoot up rapidly in a short time. In Langford, prices have more than doubled since 2005 but remained relatively flat from 2008 to 2016.
What’s been driving the prices up over the last two years? One major factor: Supply and demand. Inventory has been very low. This past December saw some of the lowest inventory since the Victoria Real Estate Board started tracking stats for the area in 1996.

Fortunately, inventory is increasing, but likely not enough to satisfy the demand to live here. A number of new builds are starting up in 2018 for Langford, which is welcome news. More builds here will serve to bring more attention to our excellent city of Langford.
Up to now, Triple Crown has been one of the few, and people will find out soon enough that we have very competitive pricing and we stand alone with our high-quality fit-and-finish and higher-end appliances.

What kind of trends can we look forward to in 2018? No one can ever say for certain, but we’ll quote Victoria Real Estate Board President Ara Balabanian.

"Moving forward, we expect to see more inventory come into the market, which will continue to move us toward a more balanced state," says Balabanian. "We also expect housing prices to remain stable, without the increases we tracked in 2016, and anticipate steady slow growth.”

We’ve sold over 75 percent of our top-quality, west-coast contemporary condominiums. If you’re reading this and you’re interested in buying one, please don’t wait. You only need a $20,000 deposit plus some paperwork to be assured you’ll own one of Triple Crown’s condominiums. Sign up for our newsletter, send an email, or give us a call.

 

November Saw Greatest Number of Sales Since 1996


November saw the greatest number of home sales in Victoria BC since 1996!

Is this a start of a new trend? Not according to Victoria Real Estate Board President Ara Balabanian. “The fact that we've had an unusual month does not necessarily mean that this is the start of a new trend. It is, however, a good example of how outside forces can impact a housing market."

Balabanian suggests buyers have accelerated their purchase timelines in order to avoid the upcoming stress test on uninsured buyers coming into effect on January 1st. The new stress test will now include those with a down payment of 20 percent or more. The test will require purchasers to prove they can make meet their commitment if interest rates rise above the five-year benchmark rate published by the Bank of Canada or 2 percent higher than their contracted mortgage rate, whichever is higher.

"Judging by the sales we saw in November and what I have heard from our REALTOR® members, some buyers have indeed accelerated their purchasing plans to avoid the stress test,” says Balabanian. “This may change the numbers we see in the early months of 2018, as some buyers who had planned to buy next year have bought a bit earlier."

There were 1,764 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2017, a decrease of 7.4 percent compared to the month of October and 2.8 percent fewer than the 1,815 active listings for sale at the end of November 2016.


The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in November is now $824,600, which is slightly higher than October's value of $821,900. It is 10.2 percent higher than November last year when it was at $748,500. 

 

Tips for First Time Home Buyers

Much like owning your first car, buying your first home brings you a whole lot of freedom, but it can also bring you a whole lot of emotional stress.

Many first-time home buyers quickly tire of the home buying grind and they end up settling too quickly before they find out what is possible. It gets really difficult to be patient when the search stretches into weeks or even months – especially after your bank or mortgage broker has given you the green light – but patience and diligence will reward you in the end.

If you see what you like right away, don’t immediately succumb to that “it’s meant to be” feeling. Even in current market conditions of high demand and low inventory, it’s almost always better to take your time for a thorough look rather than make an impulsive purchase only to find your property’s downsides later on. Finding a place to live isn’t hard; finding a home requires patience, diligence, research, and, yes, a bit of frustration along the way.

Financial Readiness:

Run a personal credit check. You can request a free report by mail from Equifax Canada and TransUnion – the two consumer credit reporting agencies. Details on how to go about it HERE. https://www.ic.gc.ca/eic/site/oca-bc.nsf/eng/ca02197.html

Be sure you really know your budget, what you have for your down payment and where it’s coming from. Rising real estate prices are making it difficult to scrape together a down payment.

Canada Home Buyer’s Plan:

Did you know Canada’s Home Buyer’s Plan allows a first-time purchaser a one-time chance to withdraw up to $25,000 from their RRSPs? If you are a couple, that gives you access to $50,000 with the condition that you repay it within 15 years’ time.

Make your registered retirement savings plan contribution more than 90 days before the withdrawal, or it may affect your down payment. Make sure you also fill out for T1036, Home Buyers Plan Request to withdraw from your RRSP account.

Repayments are due in the second year following the year you made the withdrawal. If you make a withdrawal this year, your first payment of generally one-fifteenth of the loan will be due in 2019 and then every year following until it has been repaid. If you don’t make a repayment in any given year, that amount is deemed income and you pay additional taxes.

An interesting fact that many homebuyers may not realize is if it has been more than four years since you or your spouse sold your first house, you can still qualify as a first-time home buyer, and capitalize on all the benefits.

Mortgage Insurance:

You can pay as little as 5 percent down if you pay for mortgage insurance through CMHC, however, that will add another 4 percent to your mortgage if your down payment is under 10 percent or 3.1 percent if your down payment is between 10 and 15 percent.

If you want to avoid CMHC mortgage insurance altogether, you will need 20 percent down. If you buy a Triple Crown condominium at the current starting price of $324,000, a 20 percent down payment would be $64,800 (minus the $10,000 purchase option you would already have paid which gets converted into part of your down payment).

More information HERE. https://www.cmhc-schl.gc.ca/en/co/moloin/moloin_002.cfm

G.S.T. New Housing Rebate

The full rebate is available for new homes priced up to $350,000, then on a sliding scale until the rebate diminishes to zero at $450,000. Assuming the purchase price of you new home is $350,000 (excluding G.S.T.) The gross G.S.T. would be 5 percent of $350,000, which is $17,500. The G.S.T. New Housing Rebate is 36% of $17,500, which is $6,300. Thus, the applicable G.S.T. is $17,500 less $6,300, which equals $11,200.

More information HERE. http://www.thetownhouseguy.ca/confused-about-how-gst-works-on-your-real-estate-purchase


If you’re buying property at Triple Crown, you’ll be talking with Justine Connor or myself. We’ll be happy to serve as your guide to purchasing your first home.

 

Markets Stable in Victoria BC

“The fact that we’ve seen such a controlled levelling off in the market directly following a year which felt so uncontrollable in terms of demand and pressure on prices illustrates the depth and stability of the Victoria market,” says Victoria Real Estate Board President Ara Balabanian.

“An unstable market may have experienced a heavy correction or shift, whereas in our
market sales are moderating at a reasonable rate.”

The Multiple Listing Service® Home Price Index benchmark value for a condominium in the Victoria Core in October 2017 was $449,176. The benchmark value for the same condominium in October 2016 was $394,571

 

Analyzing Home Affordability in Canada and the World


In the news of late, there is a good deal of discussion about home affordability in cities around the world. A major contributor to this conversation is Demographia International. They just published their 13th annual Housing Affordability Survey in which they use a simple method to determine affordability. They take the median price of a home in a city and divide it by the median income of a family in the city. The resulting number is the “Median Multiple”, or simply, the number of years of income it would take to pay a mortgage for the home.

It was no surprise Hong Kong’s homes are the least affordable in the world, and for good reason: A densely populated island with over seven million inhabitants packed into 1,106 square kilometers, it’s a major hub of world commerce, and mainland developers are driving up costs with the government’s blessing. Demographia International’s recent survey put the median home price at 18.1 times the gross annual median income. In other words, it will take a resident of Hong Kong 18 years to pay off a $900.000 home earning $50,000 a year…if they used every dollar of their income to pay the mortgage and had absolutely no other expenses such as food, utilities, travel, shopping, commuting, and an occasional outing.

For a more in-depth look at Hong Kong’s housing market, check out this excellent video CNBC put together.

The second least affordable city in the world was Sydney which scored an astonishingly out-of-reach multiple of 12.1 compared to the average family. There are plenty of reasons housing has become so unaffordable in Sydney, but it boils down to the booming economy and the serious shortage of housing inventory.

In Canada, Vancouver currently leads the way (no surprise) with a median multiple of 11.8. Toronto started the year at 7.7 and Victoria at 8.1. Victoria’s median multiple of affordability is not higher because home prices are higher, rather, Toronto’s median income, the divisor, is quite a bit higher than Victoria’s median income.

For greater perspective, the median multiple of financial hubs London and New York pale in comparison coming in at 8.5 and 5.9 respectively. Have a look at Demographia International’s 2017 Survey result. It’s quite interesting. Keep in mind, they are surveying ALL homes, not just condominiums.

Home Affordability in Canada

A more useful way to measure affordability is to look at homeownership as a percentage of monthly pre-tax income. According to the Canada Mortgage and Housing Corporation’s benchmark, housing is considered “affordable” when no more than 30% of pre-tax income is spent on homeownership expenses.

RBC recently came out with a report stating Canada’s housing affordability is at its worst in 27 years with the national average at 45.9%. This means many Canadians will spend nearly half of what they earn paying off their mortgage and household ownership related expenses, such as property tax.

Vancouver still tops the chart at 79.7% in the first quarter of 2017 even after the decrease since the third quarter of 2016 which saw it at an astonishing 92%. British Columbia’s 15% foreign buyer’s tax may have contributed to the decrease, but there’s still some disagreement about whether the government’s new tax made the difference, or if the market was simply due for a cool down.

The Greater Toronto Area (GTA) comes in second place at 72%, up 8.3 percentage points compared to the third quarter of 2016. Ontario’s new 16-point housing affordability plan implemented in April has inarguably cooled the market and single detached home prices took a precipitous drop of nearly 40 percent over the summer months. However, Condos and Townhomes continue to have a strong market appeal due mainly to the fact that they are now the most affordable option for the average family.

Montreal, Calgary, and Ottawa round out the top five on the list of most unaffordable homes at 43%, 39.6%, and 34.8%, respectively. Although these numbers are lower than Toronto and Vancouver, they’re still above the 30% affordability threshold.

The most affordable homes in the country are in Atlantic Canada. Saint John, N.B. leads the way at a mere 26% of pre-tax monthly income, or four percentage points below the affordability benchmark, followed by St. John’s, N.L. at 28.6%. While affordability in these cities has decreased slightly, they remain relatively stable compared to Toronto and Vancouver.

OSFI’s Recommended Changes Will Soon Impact How Much Home You Can Afford
(October 20th, 2017 Revision: OSFI's New Rules Take Effect January 1st, 2018)

Right now, homebuyers can go to an alternative or subprime lender, or even the "bank of mom and dad" to borrow money to boost their down payment to 20% or more to avoid the stress test. Proposed new regulations will close this loophole, and you will need to qualify based on the ability to make a much higher monthly payment based on the current five-year posted rate by the Bank of Canada (currently at 3.410 percent). That ultimately means you will not qualify for as large a loan, and you may not be able to purchase as large a home after the stress test is in place.

If you’re an average-income family or first-time home buyer, a condominium is a viable option (unless you’re planning on uprooting to move to Atlantic Canada). You can get a great deal of home in a condominium at a great price as compared to a detached dwelling. The average price of a condominium in Greater Victoria is $488,348, whereas the average price of a detached home is $884,196.

If you have been working hard to save your down payment, contact us before the new stress test rules recommended by OSFI (Office of the Superintendent of Financial Institutions) come into effect. We have access to strategies to help you save money, and Triple Crown has an excellent selection of beautiful, modern pre-built condominiums in Langford close to every amenity and recreational pursuit a family could want.

Call us to discuss your options.


Todd & Justine

 

Prices are Leveling Out in Victoria

“Now the tempo of the market is trending slowly – very slowly – towards more balanced conditions, says Victoria Real Estate Board President Ara Balabanian.

“Recently we’ve seen overall price increases level out, which can indicate slightly less demand, and inventory is building.”

There were 1,976 active listings and 214 condominiums for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2017.


The Multiple Listing Service® Home Price Index benchmark value for a condominium in the Victoria Core for September 2017 $488,348. The benchmark value for the same condominium in September 2016 was $380,976

 

No Rentals to be Found

The rental vacancy rate in B.C. has hovered at an average of 1.3 per cent over the past three years, according to stats from the Canadian Mortgage and Housing Corporation.

In Victoria, the rate sat at only 0.5 per cent at the end of 2016.

In the Lower Mainland, the City of Vancouver’s rate is 0.8 per cent, while Surrey sits at 0.4 per cent. The rate is 0.5 in Abbotsford and Mission, and White Rock has the fewest available rentals in the region, at 0.1 per cent.
Kelowna is sitting at 0.6 per cent.

If you have kids going to Royal Roads, consider helping them buy a Triple Crown condo instead of living in barely suitable accommodations in the rental market. A condo is a valuable family asset that will appreciate, and a good way to set your kids on a path towards building their own financial future rather than a landlord's.

 

Reviewing Home Equity Lines of Credit (HELOCs)


Home Equity Line of Credit
In recent years, home equity lines of credit — or HELOCs — have become popular for homeowners that want to turn their huge house price gains into cash.

In a HELOC, a lender allows a borrower to withdraw a certain amount of money against the equity in their home. The interest rates tend to vary between 0.5 and two points above prime, so they're a little more expensive than mortgages.

And they are extremely convenient. While people will do anything to make their monthly house payment and avoid default, HELOCs allow borrowers to simply make payments against the interest with no obligation to pay down the principal each month. Most people had no real intention to pay them off, and most felt safe about taking a loan in the face of rising home values. Almost 40 per cent of people who have them did not make regular payments against the principal. They owe the same amount on the principal as they did four or five years ago.

A generation ago, the common wisdom was to pay off your mortgage. Now people are using their homes like an ATM. That’s a big shift in financial thinking, and it may not serve them as well with the looming economic realities.

HELOCs are not a small share of the market either! Currently, there are over three million active HELOCs across Canada, with an average balance of about $70,000.

Statistics Canada 2011 reported 13,320,610 homes, meaning 23 per cent of homes are using HELOCs with an average balance of $70,000 per home. That’s 211 billion dollars in loans.

The downsides of HELOCs:
Before you consider taking one, be aware of three facts:

They can be called in at any time. They are "demand loans" which means, unlike a mortgage, the lender can call them in at any point and insist on paying back the full amount.

Most are set at variable rates and are in lockstep with central bank rate hikes. Your interest payments are going to increase.

Most have no limitations on how fast they can rise beyond that with no warning.

We’re not saying you shouldn’t get one. After all, lenders will be unlikely to call in those loans and start a panic. But, don’t let low monthly payments lull you into forgetting this is a loan, and the $211 billion in outstanding HELOC debt is a greater risk to the Canadian economy than mortgages ever were.


 

 

First Time Home Buyers Resource Page



If you are a first-time home buyer, there are many extremely beneficial options and programs for you to consider, especially if you are buying a brand-new home. All the details and program names can be a bit overwhelming to keep straight, so we’ve encapsulated all your options into one place on this page to help you assess and implement what you need to know. Bookmark this page in your browser for easy reference.

First Time Home Buyers’ Program

The British Columbia Provincial Government imposes a property transfer tax, which must be paid before any home can be legally transferred to a new owner. As a first-time home buyer, you qualify for a full transfer tax refund if your home is in BC, you intend to use it as your principal residence, and your home’s fair-market-value is$500,000 or less.

These conditions are easily met with a condominium. Based on the selling price of $384,900 for one of our 2-bedroom, 2-bathroom 976 sq. foot units, those who are not first-time home buyers will be charged at a rate of: 1% on the first $200,000, 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000, and. 3% on the portion of the fair market value greater than $2,000,000. 

That equals $5,698 - a good amount you get to keep in your jeans!

There are lots more qualifications to check and make sure you meet to qualify, but you’ll find it all on the BC Government’s website.

Home Partnership Program

The B.C. government's Home Partnership program opened this year, which provides loans of up to $37,500 to help first-time homebuyers fund their down payment in the province's pricey housing market.

This is a second, 25-year term mortgage provided by the government with an upside of no interest or payments for five years. Studies show most first-time home buyers sell within seven years, at which time this mortgage would be paid off.

Be aware you will have to start paying in five years’ time no matter what your financial situation looks like, and there is no guarantee the market will rise between now and then.

There is a list of eligibility requirements. In a nutshell, you need to be a Canadian citizen or permanent resident for five years, live in British Columbia, have a household income under $150,000 per year, be pre-approved for a high-ratio mortgage, be buying a home for less than $750,000 and intend it as your principal residence for five years.

You receive a rebate on GST

While all new homes are subject to GST, if you intend to live in your condominium as your primary residence then you are most likely eligible for a rebate of 36% of the 5% GST. The full G.S.T. New Housing Rebate is available for new homes priced up to $350,000. There is no G.S.T. New Housing Rebate on homes valued at over $450,000.00 so the full 5% will be paid.

Assume the purchase price of a new home is $324,900 excluding G.S.T. The gross G.S.T. is $16,245 (5% of $324,900).  The G.S.T. New Housing Rebate is 36% of $16,245 (5% GST), which is $5,848.20. Thus, the applicable G.S.T. is $16,245 (5%) less $5,848.20 (36% of 5% on $324,900), which equals $10,396.80. (GST payable after rebates)

For homes valued between $350,000.00 and $450,000.00, the rebate is gradually reduced and is calculated by using the following formula: $6,300 x [$450,000 – the purchase price] / $100,000

Based on the selling price of $384,900 for one of our 2-bedroom, 2-bathroom 976 sq. food condominium, you will save over $4,101.30 in GST. (Note: You pay the GST at time of sale, then receive your rebate later).

You’ll find more information on the Canadian government website.

RBC's Long-Term Closing for Prebuilt Homes

When you want to buy a prebuilt condominium with a completion date of a year or more, one of the greatest concerns we hear from our clients it, “How do I make sure I’m approved at closing and how can I get the financing?”

That’s a good question because most lenders will only hold an approval for 120 days, but we discovered RBC’s excellent product and we often suggest our clients speak with a mortgage specialist at RBC which specializes in long-term closing. 

Most lenders will pull your credit report at the end to make sure nothing’s changed. Or they will send out an appraiser just before you close, then base the price on the lower of either the contract or the appraisal. You would be expected to come up with that difference or lose your funding if the market value falls in the interim (unlikely as that is in Victoria).

RBC doesn’t do that. “We’ll hold a fixed rate for up to two years,” says Jennifer Byatt. “We take your application now and the market value right now. We send an appraiser out to make sure the value and current sales are there, and we take that number for our market value. At the time of closing, if anything has changed, it doesn’t matter because we have given a firm approval and we don’t look back.”

If you get sick or lose your job in the interim, even if you’ve bought two more places, it doesn’t matter at all because it’s based on where you are today. 

When your home is complete and it’s time to close, they just push a button and fund. It will give you real peace-of-mind to know your financing is in place means you can live your life without worrying about the repercussions. 

OSFI’s New Changes and How They Impact You

Qualifying for a mortgage means you must pass a “stress test”. That means you must prove you can afford payments based on the Bank of Canada’s five-year benchmark rate, which is currently at 4.99 percent, or your contract mortgage rate plus two percentage points, whichever is greater.

Last year, the stress test applied only to mortgages of less than 20 percent down, but as of January 1st, 2018, you need to qualify based on the ability to make a much higher monthly payment for all mortgages, no matter the down payment. This means you may not be able to purchase as large a home, but isn’t necessarily a bad thing. It never was prudent to borrow to the maximum of your financial ability.

Get a Triple-Win when you buy one of our condominiums

If you’re an average-income family or first-time home buyer in Victoria, a condominium is a viable option we encourage you to look at closely. You can get a lot of home in a condominium at a great price as compared to detached dwellings, you’ll have far less work to maintenance your home, and our location is terrific!

We have access to strategies to help you save money, and Triple Crown has an excellent selection of beautiful, modern pre-built condominiums in Langford close to every amenity and recreational pursuit a family could want.


Photo Albums

The Site

Now you can watch the progress through our live feed to Triple Crown's construction site!


Contact Us


Please feel free to contact us any time. We are here to provide any information you may require or answer any questions you may have. We look forward to hearing from you!

Email your requests or questions to info@triple-crown.ca




Call Todd Mahovlich

& Justine Connor