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January 2020 Market Update

 

Lower Mainland assessed home values dip after sluggish year for real estate market

It is the first time in the last 20 years that B.C.'s total property assessment values have gone down, according to BC Assessment.

The biggest drops for detached homes are expected in West Vancouver and the University Endowment Lands (16 per cent), Richmond (14 per cent) and Vancouver, Coquitlam, Port Moody and North Vancouver (11 per cent), according to BC Assessment.

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Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

10 New Year's resolutions to make your home run smoothly in 2020

We all love spending time at home over the holidays, but once the tree and decorations are down, and the last of the festive food and drink are consumed, it's the ideal time to get your house in order.

Here are 10 must-make New Year resolutions to help your home run at maximum efficiency in 2020.

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B.C. Real Estate News

LOWER MAINLAND

5 things to know about this year's B.C. property assessments (CBC)

Greater Vancouver December home sales surge 88 per cent year-over-year(Global News)

'Less bad' doesn't mean good: What Vancouver's housing market could hold in 2020 (CBC)

Squamish Nation approves $3-billion housing project in Kitsilano (Vancouver Sun)

WHISTLER & SQUAMISH

Metro Vancouver assessments down: Forces slowly lowering property values for most homeowners (Vancouver Sun)

Whistler listed as second-best place for work in 2020 (Pique News)

Squamish detached housing assessments doing better than most of Lower Mainland (Squamish Chief)

VICTORIA & VANCOUVER ISLAND

Greater Victoria home values mostly dip slightly or stay same in latest assessment (Times Colonist)

Victoria ranked 'most bikeable' city in Canada (Victoria News)

Lower starts, less permits in Victoria's residential market (Mortgage Broker)

Greater Victoria's rental vacancy rate to rise in 2020: CMHC (Saanich News)

OKANAGAN

Houses in Penticton dip in value in 2019 (Kelowna Daily Courier)

Slight dips, modest jumps in 2020 North Okanagan property values (Vernon Morning Star)

House prices down but city taxes up in Kelowna (Kelowna Daily Courier)

 
 

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