Jan 02 2008

CityView: Vancouver property values up. Surprise, surprise

Published by at 7:02 pm under Uncategorized

Since actual market value for real estate in Vancouver is often far out of sync with “fair” value calculated by the local government, I don’t really know what to make of my latest BC assessment. But the trend for real estate prices is clearly still heading upward.

For my neighbors and other BC locals who want to check exactly how much change there has been since last time, just visit the BC Assessment website.

Ah, if only I’d had enough for a down-payment on a place back in 2000. Or 2001. Or 2003…

For anyone else who has no idea what I’m going on about, MJ Ankenman’s Urbanista blog will surely get you up to speed on the up’s and… up’s of the Vancouver housing market. Cheers.

[Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon]

One response so far

One Response to “CityView: Vancouver property values up. Surprise, surprise”

  1. Larryon 03 Jan 2008 at 12:11 am

    “Since actual market value for real estate in Vancouver is often far out of sync with “fair” value calculated by the local government”

    Not meaning to be redundant:

    For reference the current assessment is based on values as of July 2007. Further reference is the value for 2006 below in small print.

    If CMHC is right in their prediction (given around November), add another 6% to 8% to the 2007 value to get a current “fair” value.

    Don’t know if this gets you in sync as ultimately “fair value” is determined by what the buyer will pay. For the past few years some buyers have been more fair than others.

    Of course, in retrospect I wish I had been fair and bought Kelowna lake shore at $300 an acre and got the apples for free.

    yah gotta luv it :)

Trackback URI | Comments RSS

Leave a Reply