Latest real estate assessments in B.C. show smaller increases as market cooled last summer

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Housing statistics show house prices continued to rise last summer before interest rates began cooling a market superheated by the first waves of the pandemic

BC Assessment, a provincial Crown corporation, released five new reports on Tuesday showing trends in scores of communities across the five different regions of the province, with most owners of single-family homes and condos located in and around Vancouver seeing a 9-per-cent lift in their assessed values. In Vancouver, for example, the agency said a typical detached house is now assessed at $2,125,000 compared with $1,994,000 the summer before.

The market momentum is now quite a bit different from last summer, Mr. Murao said, with an unpredictable stalemate developing in many markets between buyers wanting better deals and sellers stubbornly refusing to drop prices. For example, Mr. Kleine said, a three-bedroom rancher he was showing this week in Langley was first listed last July for $1.14-million. The owners have since dropped the price three times and are now askingIn a normal market, an assessment might be off by up to $100,000 owing to not taking into account a house’s location on a busy street or the state of its interior, said Mr. Kleine, who has been selling real estate for six years.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hot housing market complicates fight against homelessnessAs part of our Christmas Fund campaign, we are highlighting social needs and issues in Calgary. Together, we can make a difference.
La source: calgarysun - 🏆 63. / 52 Lire la suite »

What's in store for the housing market in Ontario in 2023 | CBC NewsThe price of buying a home in Ontario dropped from its lofty heights over the past year, and the question for 2023 is whether the downward trend will continue. Fucking let it crash Ridiculously inflated for years As long as JustinTrudeau and cafreeland are alive and representing 🇨🇦, the downfall will continue Attack on the middle class. Defund the cbc.
La source: CBCNews - 🏆 2. / 99 Lire la suite »

Calgary realtor predicts what the housing market will be like in 2023A Calgary realtor expects more challenges ahead for the housing market in 2023 as it recovers from interest rate hikes that spooked both buyers and sellers alike.
La source: CTVCalgary - 🏆 26. / 68 Lire la suite »