Sticker shock of a different kind is setting in across Metro Vancouver as many homeowners check their B.C. Assessment property valuations and discover the assessed value of their home has skyrocketed. The assessments comes at a time when a long-predicted housing correction may actually become a reality. Prices for single-family homes in Metro Vancouver have
The adjectives used to describe it included hot and sizzling. Sometimes it was called a bubble or a debacle; prices jumped and rose sharply and skyrocketed. But the first week of January 2016 was when B.C.’s real estate boom got personal, when thousands of property owners across Metro Vancouver learned their assessment would rise by
The average rent for a one-bedroom apartment in Vancouver dipped slightly in December, but the city still has Canada’s highest rent for that home type. On average, Vancouverites are paying $1,820 for an apartment with one bedroom, which is down 1.1% compared with November. The reason for the drop isn’t entirely clear. “It is unclear
