Minggu, 31 Desember 2023

How much is your home worth? The 2024 B.C. assessments are now online - Vancouver Sun

Article content

The B.C. Assessment Authority has updated its searchable database, which means homeowners can now see what the value of their home was as of July 1, 2023.

The authority will be releasing full details of property value changes across the province on Jan. 2.

Article content

To check your home’s value, go to bcassessment.ca and search under the address.

According to latest data from the Real Estate Board of Greater Vancouver, the average price of a home in the region increased just under five per cent between November 2022 and November 2023.

Article content

The REBGV also reported that home sales ticked up last month, as the continued increase of newly listed properties has given prospective homebuyers in the region one of the largest selections to choose from since 2021.

Andrew Lis, the board’s director of economics and data analytics, says the region has seen balanced market conditions since the summer, which are known to produce flatter price trends.

He says with most economists forecasting mortgage rates to fall modestly in 2024, market conditions for buyers “are arguably the most favourable we’ve seen in some time in our market.”

In July 2022, the priciest home in B.C. was at 3085 Point Grey Rd., which belongs to Lululemon founder Chip Wilson and was valued at $74,089,000, an increase of 1.3 per cent over the previous year.

According to the updated B.C. Assessment website, as of July 2023, the Wilson manse was valued at $81,765,000 — an increase of 10.4 per cent. In 2021, the home was valued at $73,147,000 — that was then a rise of 9.5 per cent.

dcarrigg@postmedia.com

Related Stories

  1. The Real Estate Board of Greater Vancouver says home sales ticked up last month as the continued increase of newly listed properties has given prospective home buyers in the region among the largest selection to choose from since 2021. Houses are seen on a hill in Vancouver, B.C., Thursday, Nov. 23, 2023.

    Vancouver home sales rise in November as newly listed properties add to supply

  2. This Metro Vancouver housing project shows how four homes can be built on one former single-family lot.

    Michael Geller: A look at past and future predictions for B.C. real estate

  3. Rich Coleman, the B.C. Liberals' former minister responsible for housing (foreground), went so far as to make “the remarkable claim” that Vancouver prices were “pretty reasonable,” says the author of a new book on housing booms in gateway cities. Meanwhile, Coleman's party accepted far more donations from the development industry than any other sector.

    Douglas Todd: The Wild West in B.C. housing is mostly over, but the devastation goes on


Bookmark our website and support our journalism: Don’t miss the news you need to know — add VancouverSun.com and TheProvince.com to your bookmarks and sign up for our newsletters here.

You can also support our journalism by becoming a digital subscriber: For just $14 a month, you can get unlimited access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. Support us by subscribing today: The Vancouver Sun | The Province.

Share this article in your social network

Adblock test (Why?)


https://news.google.com/rss/articles/CBMiUmh0dHBzOi8vdmFuY291dmVyc3VuLmNvbS9uZXdzL2xvY2FsLW5ld3MvMjAyNC1iYy1wcm9wZXJ0eS1hc3Nlc3NtZW50LXVwZGF0ZS1vbmxpbmXSAQA?oc=5

2023-12-31 17:05:05Z
CBMiUmh0dHBzOi8vdmFuY291dmVyc3VuLmNvbS9uZXdzL2xvY2FsLW5ld3MvMjAyNC1iYy1wcm9wZXJ0eS1hc3Nlc3NtZW50LXVwZGF0ZS1vbmxpbmXSAQA

Tidak ada komentar:

Posting Komentar