This is actually an old post that I'm re-sharing here. Many of my clients have has their assessed values decrease slightly this January for the first time in a several years. They've been wondering if this means that they will be paying less in property tax. However, a decrease or increase in assessed value doesn't directly correspond with how much tax you will later pay. What your property tax bill DOES depend on is is how much your property assessment increased or decreased

As they announced in their June 22 throne speech in Victoria, the BC Liberal Party plans to introduce a new rent-to-own housing scheme to help make home ownership more attainable for middle-income earners. The program would initiate the construction of 50,000 new family and starter homes over the next 10 years, particularly along new transit lines and corridors. Prospective owners would start by renting the units, but a portion of their monthly payments would be put towards a

“Until more entry level, or ‘missing middle’, homes are available for sale in our market, we’ll likely continue to see prices increase,” say

"I've never been involved in a project that has attained this level of sophistication". - Ian Gillespie speaking of the upcoming Alberni by Kuma for Westbank tonight. Westbank's latest and possibly greatest project was the focal point of Ian Gillespie's keynote this evening. Featuring intricate design details and an impressive exterior form, the project anticipated completion date is 2019. The 43-floor building will sit near the entrance to Stanley Park and house a Japanese m

First time home buyers trying to get into the market have a new option for making their downpayment. As of January 16, 2017, BC residents can apply for an interest and payment-free loan of up to $37,500 courtesy of the new ‘B.C. Home Owner Mortgage and Equity (HOME) Partnership’ program. Loans dolled out though the program won’t require payments for five years, after which time home owners can either pay out the loan in one go, or enter into monthly payments at current intere

Have a condo in Vancouver but thinking about a house? It's a great time to make the jump according to stats from the Real Estate Board o

Created by architectural firm Musson Cattel Mackey Partnership, the design plans feature ascending glass towers built atop of the old Canada Post building. The firm are calling it the “largest heritage revitalization in Vancouver history” adding that the city has “an opportunity to re-imagine and redefine this part of our city once again, and the Post Office will be key for this evolution”. Named "The Post", the building at 349 West Georgia will feature a 17-storey office to

In addition to winning three international awards over the past week, (Best Residential Development at the International Property Awards, the International Highrise Award and CTBUH Best Tall Building in the Americas Award) BIG-Bjarke Ingles Group also just released a teaser video for Hyperloop One (bottom of page). If you haven't yet heard about the project, the revolutionary high-speed transportation system is being developed by Elon Musk with the goal of enabling travel spe

Stats show that home sales have taken a considerable dip in Vancouver, while benchmark prices have managed to remain quite strong.