Home Informatii Utile Membrii Publicitate Business Online
Abonamente

Despre noi / Contacte

Evenimente Culturale

 

Rom�nii de pretutindeni
Puncte de vedere
Pagina crestinã
Note de carierã
Condeie din diasporã
Poezia
Aniversari si Personalitati
Interviuri
Lumea nouã
Eternal Pearls - Perle Eterne
Istoria noastrã
Traditii
Limba noastrã
Lumea în care trãim
Pagini despre stiintã si tehnicã
Gânduri pentru România
Canada Press
Stiri primite din tara
Scrisorile cititorilor
Articole Arhiv� 2024
Articole Arhiv� 2023
Articole Arhiv� 2022
Articole Arhiv� 2021
Articole Arhiv� 2020
Articole Arhiv� 2019
Articole Arhiv� 2018
Articole Arhiv� 2017
Articole Arhiv� 2016
Articole Arhiv� 2015
Articole Arhiv� 2014
Articole Arhiv� 2013
Articole Arhiv� 2012
Articole Arhiv� 2011
Articole Arhiv� 2010
Articole Arhiv� 2009
Articole Arhiv� 2008
Articole Arhiv� 2007
Articole Arhiv� 2006
Articole Arhiv� 2005
Articole Arhiv� 2004
Articole Arhiv� 2003
Articole Arhiv� 2002


2019 Property Assessments Will Reflect BC's Shifting Housing Markets

VICTORIA, Dec. 6, 2018 /CNW/ - After years of dramatic increases in British Columbia's annual property assessments, we are now seeing signs of moderation as the real estate market softens in some areas of the province. The soon to be released 2019 property assessments are based on what was happening in the real estate market as of July 1 this year.

"It's a real mix in property value changes, but the market can best be summed up as showing signs of stability across most areas of the province," says Assessor Tina Ireland. "Changes in property assessments really depend on where you live. For example, assessed values for detached single family homes in many areas of Metro Vancouver may see a softening in value, while other markets and areas of the province will see modest increases over last year's values."
Based on what was happening in the real estate market as of July 1 this year, the 2019 property assessment highlights include:
• Some Metro Vancouver detached single family homes were showing decreases in value of -5% to -10% over last year, including in areas of Vancouver, the North Shore, South Surrey, White Rock, South Delta and Richmond. Other areas were relatively stable or even showing modest increases.
• The rest of the province could expect increases of +5 to +15% for single family home assessed values. This includes the Fraser Valley, Vancouver Island, Okanagan and the North. In many parts of central and northern Vancouver Island, values were increasing closer to +20%. And, in Kitimat, the increases were even greater in response to activity within the resource sector.
• The residential strata market (i.e. condominiums) increased with typical values of +10 to+20% across most areas of the province. Vancouver, the North Shore and Burnaby increases were slightly less than this range while the eastern Fraser Valley increases may be higher in some cases.
• Typical commercial and industrial properties experience continued increases across most of the province in the +10 to +20% range, with some markets around Metro Vancouver up +30%.
All British Columbia's property owners will receive their annual property assessment notices in early January 2019. Additional price moderation has been seen later in the year, particularly in Metro Vancouver. However, to make sure property assessments are fair, they are all calculated based on the same date of July 1st every year. "When properties similar to your property are sold around July 1, those sales prices are used to calculate your assessed value," adds Ireland. "Our job is to make sure your assessment is fair and accurate as compared to your neighbours."
During December, BC Assessment is providing notification letters to property owners whose assessments are increasing significantly more than the average change.
Visit bcassessment.ca after January 1 to access a variety of 2019 assessment information including searching and comparing 2019 property assessments as well as market movement trends.
Follow BC Assessment on Twitter, YouTube, Facebook, and LinkedIn.






Tim Morrison    12/7/2018


Contact:







 
Informatii Utile despre Canada si emigrare.
Inregistrati-va ca sa puteti beneficia de noile servicii oferite Online.
Business-ul dvs. poate fi postat Online la Observatorul!
Anunturi! Anunturi! Anunturi! la Publicitate Online

 

Home / Articles  |   Despre noi / Contacte  |   Romanian Business  |   Evenimente  |   Publicitate  |   Informatii Utile  |  

created by Iulia Stoian