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Real Estate News

Condo owners face huge bills from massive strata insurance rate hikes

Condo owners face huge bills from massive strata insurance rate hikes

Strata property owners – and those who rent from them – are looking at unprecedented costs, while some strata buildings risk losing their insurance entirely
Development firm buys Richmond site near Olympic Oval for $60 million

Development firm buys Richmond site near Olympic Oval for $60 million

A 3.5 acre site near Olympic Oval, with potential for a mixed-use community, has sold for $60 million to a development firm.
Metro Vancouver’s residential real estate prices continue to creep up

Metro Vancouver’s residential real estate prices continue to creep up

Home sales in January 2020 were 42.4 per cent higher than one year previously, reports board, while inventory remains low
Explore new developments with this Showcase of New Homes

Explore new developments with this Showcase of New Homes

Make 2020 the year you purchase that dream new home to invest in your family, your lifestyle and your future
Comment: Your property tax bill won’t drop along with assessment

Comment: Your property tax bill won’t drop along with assessment

Is this the year that the myth linking property taxes and assessment values will finally be debunked?
Housing affordability a continuing issue: Notaries

Housing affordability a continuing issue: Notaries

A December survey of 193 B.C. Notaries across the province found that most saw the same or decreased level of first-time buyers in 2019 despite a softened market, particularly during the beginning of the year.
Most valuable Richmond homes located on farmland

Most valuable Richmond homes located on farmland

“Ivy Manor” is the most valuable home in Richmond, according to BC Assessment, with an assessed value of $9.782 million. The luxury home, built in 1989, is at 12911 No. 3 Rd. close to Finn Road and is 19,000 square feet in size.
BC Assessments show modest overall value declines, steeper in Lower Mainland

BC Assessments show modest overall value declines, steeper in Lower Mainland

Biggest drops in home values are in West Vancouver and UBC, while many parts of B.C. post an increase in home assessments
B.C. real estate outlook 2020: a forecast summary

B.C. real estate outlook 2020: a forecast summary

Our round-up of various industry groups’ predictions for B.C.’s housing market next year — and is there a consensus?
Real estate agent fined over property rental

Real estate agent fined over property rental

West Vancouver realtor was not licensed to act as a rental agent, and was fined $7,500 for unprofessional conduct