Housing Cooling Off Period On The Horizon
BC Assessment Explains How Assessments Affect Property Taxes
With the massive surge in value for most homes, many are concerned about how this will affect their property taxes. Here's a great video from BC Assessments that explains the process well - https://www.youtube.com/watch?v=GJ1mzeCm5jw
2021 Sets New Record for Sales in Metro Vancouver
Full Report Details here:
Happy New Year :)
BCREA Interest Rates Forecast
Mortgage renewing soon? Recently purchased and getting a new mortgage? Here's a good article from the BC Real Estate Association (Posted by Brendon Ogmundson Chief Economist) - https://www.bcrea.bc.ca/economics/mortgage-rate-forecast/
Proposed Government Intervention in the Free Market
Buyer cooling off period proposed to cool down the housing market. Here's the announcement details: https://news.gov.bc.ca/releases/2021FIN0070-002097?_cldee=cm9iam9obnNvbnJlYWx0b3JAZ21haWwuY29t&recipientid=contact-9ad653020f77e811a95a000d3af490cc-3312916ddc6641728b495d263dbe01c8&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Member%20Update&esid=0425413c-be3d-ec11-8c62-000d3a09fb41
Here's an article in the Financial Post that does not support the government proposal to prevent "blind bidding" -
https://financialpost.com/opinion/paul-a-johnson-blind-bidding-isnt-the-problem-in-housing
Vancouver Condo Rental Market
Interested in relocating to another area of BC?
Here's what's happening around the province ..... https://www.bcrea.bc.ca/economics/housing-market-update/
Posted by
Brendon Ogmundson
Chief Economist - BCREA
Demand Remains High & Inventory Low
Rob Johnson
Personal Real Estate Corporation
Let's discuss your next home sale or purchase, with no obligation.
#118 - 3030 Lincoln Avenue, Coquitlam, BC V3B 6B4
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