Some condo, townhome assessments leap by double digits Joanne Lee-Young The Province Last month, B.C. Assessment warned owners of “typical” condos and townhomes that their latest assessed property values would increase in the range of 15 to 30 per cent. But for some, the rise captured at mid-2016, is even higher, mirroring trends of between […]
Ephraim VecinaCanadian Real Estate Wealth While price increases and sales numbers will continue to command much attention in 2017, industry professionals and analysts agreed that the mismatch between existing supply and growing demand will be the main source of consumer anxiety this year. Royal Lepage Terrequity Realty broker of record April Williams projected a lower number […]
Ephraim VecinaREP The sustained weakness of the loonie-greenback exchange rate might prove most helpful for the Canadian housing sector in 2017, according to an analyst. Vestcap Investment Management senior portfolio manager Lyle Stein argued that the low Canadian dollar could magnetize a greater inbound volume of foreign this year. “When your dollar is low you become […]
Jamie Wiebe other Winter is supposed to be a buyer’s market, right? Fewer buyers = way less competition. After all, you have no problem trekking through the snow to find the perfect home. Let the others wait until spring. Right? But winter home-buying assumptions can cost you. Just because the market moves slower doesn’t mean there aren’t pitfalls […]
