Deadline to appeal assessment is January 31
Posted on Jan 21, 2022
Earlier this month, property assessments were mailed to all British Columbia homeowners. As everyone knows, this can have an impact on the property taxes, but there’s a couple of items about assessments that are sometimes overlooked.
The first is that if you think your assessment is incorrect there is an appeal process – and the deadline is the end...
Speculation on Canada’s move on interest rates
Posted on Jan 16, 2022
For weeks, at least, the financial world has been waiting for what has seemed inevitable…that record-low interest rates are going to start going up.
Last week, a Financial Post story intimated that it could come as early as January 26, the date the Bank of Canada will next announce its decision.
The Post story read:
Calls are coming from all sides fo...
Atypical January a better month to sell than usual
Posted on Jan 02, 2022 in Buying or selling
Typically, January activity in real estate can be as cold as the daily temperatures. However, this is not just any January, especially when it comes to listing that home you’ve been thinking about selling.
For many months, there has been a dearth of listings throughout the Lower Mainland…indeed, throughout Canada. What better time to put your home o...
Facts about real estate market conditions
Posted on Dec 17, 2021 in Real estate market
At a time when it’s impossible to predict much of anything, attempts to forecast what’s ahead in the real estate market are more difficult than ever. Attempts to explain what’s been happening to the housing market during the pandemic are more logical, but only because they are based on what has already happened.
They are based on facts.
Fact: More ho...
Linking immigration and home prices
Posted on Dec 13, 2021 in Home prices
“It is a conundrum.” — Stephen Brown, senior Canada economist at Capital Economics, on the effect of immigration on housing costs.
The conundrum is that immigration is desirable, even needed, in Canada…and that curbing escalating housing prices is also desirable, even needed.
One is expected to fuel the other. If you have high immigration, it probabl...
Interest rate unchanged — as predicted
Posted on Dec 09, 2021
Days before the Bank of Canada decided to maintain its record low interested rate at 0.25 per cent, the Financial Post previewed what to expect in this story:
"Bank of Canada Governor Tiff Macklem has one objective: managing inflation, which the central bank defines as keeping the Consumer Price Index (CPI) advancing at an annual rate of about two p...