Real Estate

On January 8, less than a week after receiving the assessment notice for his 41-year-old tile manufacturing business in Burnaby, Kim Hauner called his 100 staff members together to break the bad news.

Sales of Vancouver homes over $4 million plummeted in 2018 by 49 per cent year over, according to a report by Sotheby’s International Realty Canada, released January 9.

Task force revamped A new Metro Vancouver industrial lands strategy task force was appointed in December, setting the stage for members to begin work in earnest under chairman George Harvie of Delta this month.

As many as 20 per cent of all residential property owners in the province should be appealing their property assessments, says the man who has literally written the book on the assessment appeals process.

The benchmark price for all homes fell 2.7% during the year

Notaries across British Columbia saw “an overall decrease in first-time buyers in most regions of the province” in 2018, according to the Society of Notaries Public of BC.

But the province’s total real estate value is up 7.45% compared with last year, according to BC Assessment

Reality check By the time you read this, most property owners will know what the BC Assessment Authority thinks their property is worth – or was worth, as of the valuation date of July 1, 2018.

Lenders hold key to outlook for 2019 and beyond

Regulations and tougher mortgage rules trump economic fundamentals