Insurance issues could cause B.C. condo market collapse, homeowners association warns

There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it. A representative of a condo owners’ association says recent changes to insurance rates mean that not only are buildings having to pay more for coverage – some are being denied altogether. “This is […]

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2020 Property Assessments Will Reflect BC’s Moderating Real Estate Markets

Victoria, Dec. 09, 2019 (GLOBE NEWSWIRE) — Many soon-to-be released property assessments will show a moderating market, with more modest changes in property values compared to previous years based on trends in the real estate market as of July 1, 2019. “We first saw signs of moderation during the 2019 property assessments,” says Assessor Tina […]

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Metro Vancouver home prices will see modest increases over next 2 years: CMHC report

The Canada Mortgage and Housing Corporation report predicts Metro Vancouver will have a balanced housing market, with moderate increases to home prices. The Metro Vancouver housing market will see higher sales and modest price increases over the next two years, according to a Canada Mortgage and Housing Corporation forecast. The CMHC report, released Thursday, forecasts income […]

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