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There is a new energy abound in Vancouver that began early in the New Year. I am not going to bore you with all the graphs and copious amounts of data we have to show you the carnage over the past 18 months but in summary: detached houses have softened, and strata condominiums and attached…
The Ministry of Finance said letters outlining the first year of speculation tax fees and exemption processes will begin showing up in the mail at all homes in Greater Victoria, Nanaimo, Kelowna and Metro Vancouver (excluding Bowen Island and Lions Bay, but including Abbotsford, Mission and Chilliwack) starting this week. Make sure to complete this…
We have seen rates rise in late 2018, however, we are now in a position for rates to decrease as the bond yields fall. The Bank of Canada also held off increasing the overnight rate during January’s meeting due to uncertainty of the overall economic performance within Canada and globally. The US Government shutdown is…
We have received many calls every year regarding assessment values. Let’s review a few quick facts: BC Assessment sent home owners their 2019 assessment notices a couple weeks back, which reflect a mostly computer-generated figure “value” as of July 1, 2018 (in other words by the time you can access the info online or get…