In his latest snapshot of housing unaffordability, researcher Andy Yan shows the percentage of Metro Vancouver homes valued over $1 million rose from 28 per cent to 43 per cent in 2016. For the past five years, Yan’s so-called “million dollar line” looking at home values based on data from B.C. Assessment has been a
More first-time home buyers in B.C. received financial assistance from their parents in 2016 than in previous years, according to an informal poll of the province’s notaries public. The notaries handle more than 60 per cent of B.C. real estate transactions, according to director Dan Boisvert of the Society of Notaries Public of B.C. About
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
