Article content material
The B.C. Evaluation Authority has up to date its searchable database, which suggests owners can now see what the worth of their house was as of July 1, 2023.
The authority might be releasing full particulars of property worth modifications throughout the province on Jan. 2.
Article content material
To test your house’s worth, go to bcassessment.ca and search underneath the deal with.
In keeping with newest knowledge from the Actual Property Board of Better Vancouver, the common value of a house within the area elevated just below 5 per cent between November 2022 and November 2023.
Article content material
The REBGV additionally reported that house gross sales ticked up final month, because the continued improve of newly listed properties has given potential homebuyers within the area one of many largest choices to select from since 2021.
Andrew Lis, the board’s director of economics and knowledge analytics, says the area has seen balanced market situations because the summer time, that are recognized to supply flatter value developments.
He says with most economists forecasting mortgage charges to fall modestly in 2024, market situations for consumers “are arguably essentially the most beneficial we’ve seen in a while in our market.”
In July 2022, the priciest house in B.C. was at 3085 Level Gray Rd., which belongs to Lululemon founder Chip Wilson and was valued at $74,089,000, a rise of 1.3 per cent over the earlier 12 months.
In keeping with the up to date B.C. Evaluation web site, as of July 2023, the Wilson manse was valued at $81,765,000 — a rise of 10.4 per cent. In 2021, the house was valued at $73,147,000 — that was then an increase of 9.5 per cent.
Associated Tales
Bookmark our web site and assist our journalism: Don’t miss the information it’s good to know — add VancouverSun.com and TheProvince.com to your bookmarks and join our newsletters right here.
You can too assist our journalism by changing into a digital subscriber: For simply $14 a month, you will get limitless entry to The Vancouver Solar, The Province, Nationwide Put up and 13 different Canadian information websites. Help us by subscribing in the present day: The Vancouver Solar | The Province.
Share this text in your social community