Not happy with your property assessment? Here’s how to appeal it

For strata units, virtually every municipality saw overall property values higher than a year ago, including Vancouver and West Vancouver, which saw the most modest total-value increases in the Lower Mainland, both up six per cent overall.   Property assessment notices, which will be filling mailboxes around the province starting this week, are a good […]

Read more "Not happy with your property assessment? Here’s how to appeal it"

‘Historic’ Metro Vancouver commercial real estate market needs financing fuel

Running under a full head of steam for the past three years, Metro Vancouver’s commercial real estate sector hit a speed bump late in 2018, but it wasn’t enough to derail the hottest market in Canada this year, analysts say. In the third quarter of last year, sales of commercial real estate properties dropped nearly […]

Read more "‘Historic’ Metro Vancouver commercial real estate market needs financing fuel"

Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says

Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness.   The speculation tax is intended to address housing affordability and not hamper the real estate market, say the B.C. NDP. Nanaimo byelection candidate Sheila Malcolmson and B.C. Premier John Horgan spoke at a provincial NDP council meeting in Nanaimo (on Vancouver […]

Read more "Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says"

Real estate forecast anticipates 2019 sales to edge up after 2018’s fall

Tighter mortgage rules and higher interest rates have dented buying power, but health of the economy backs higher demand. The British Columbia Real Estate Association estimates that economic growth will remain strong enough to support a boost in sales next year after a substantial decline in 2018, according to its latest forecast. When the dust […]

Read more "Real estate forecast anticipates 2019 sales to edge up after 2018’s fall"