Category : Homes sales Vancouver

Take Heed Of Your Property Tax Assessment – There Could Be Some Savings Here

On January 1, 2017 property assessments became available on the BC Assessment website. And as expected, the increases in property values are substantial: values were calculated as at July 2016 when local real estate prices were at their peak.  The main issue here is that your property value has risen and you are facing a higher than normal property tax rate hike.  It is important to note that a sharp increase in your property value does not necessarily indicate a proportional property tax hike; it’s relative to how much your property appreciated compared to others in the same municipality.  In view of this year’s higher assessments, the Provincial government just announced an increase in the Home Owner Grant threshold from…

“Virtual Staging” Can Be Misleading. Make Sure You Are Aware Of This

We are living in a sophisticated digital era where real estate photo enhancement is being done on a massive scale. There is also sophisticated virtual staging software available, where one can completely transform the makeup of a listing in a very short period of time. Both factors have helped transform the home staging concept. Consider this: You find a house that appears to be what you’re after, and you tap into the photos section of the listing to see the interior shots. The house looks great for the asking price. Everything appears to be in good physical condition, you’re impressed…

REGBV Report April 2019 – The Trend of Reduced Demand And Increased Supply Still Prevails In The Market.

The latest Real Estate Board of Greater Vancouver (REGBV) report on the April 2019 real estate market, shows that buyers are reluctant to get into the market and sellers are being forced to be creative. Product that is staying on the market for more than a month is seeing discounts that were unheard of 2 years ago. For a decade it has been a sellers market. This has changed. Residential property sales totalled 1,829 in April 2019, a 29.1% decrease from the 1,829 sales recorded in April 2018 and a 5.9% increase from the 1,727 homes sold in March 2019.…

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