Editor’s note: The following story ran in the Jan. 13 edition of the Comox Valley Echo. New figures show there was a big fall in the number of new houses being built locally last year – but there are signs the situation is starting to turn around. The details have been compiled by Building Links [...]
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Real Estate Construction Expected to Rise in Nanaimo
There’s reason for quiet optimism in the central Vancouver Island area construction industry, despite lingering effects of an economic downturn. That’s the message close to 200 audience members heard at the Canadian Home Builders’ Association Central Vancouver Island’s construction industry forum in early January. From interest rates and investment opportunities in Nanaimo, speakers talked of a [...]
Parksville Real Estate Assessments Hold Steady
Property values were typically stable or down slightly in Parksville, according to this year’s BC Assessment roll. The estimated average assessed value of a single family home in Parksville was $317,900, up $900 or 0.3 per cent over the same time last year, according to BC Assessment. The average strata condominium assessment is down $5,000 [...]
North Vancouver Island Real Estate Assessments See Significant Swings
North Vancouver Island homeowners saw good new from their recent real estate assessments if they are planning to staying put, but not so good if they’re looking to sell. The province lowered values throughout the Tri-port (Port Hardy, Port McNeill, and Port Alice) area, with Port Hardy the hardest hit. Some homes there saw a [...]
Ladysmith Real Estate Assessments Hold Steady
Ladysmith and the surrounding area on Vancouver Island saw few changes in the 2012 real estate Assessment roll. “Most homes in Cowichan Valley will see moderate decreases or little change in value compared to last year’s assessment roll,” said Vancouver Island regional assessor Bill MacGougan. Overall Cowichan Valley’s taxable residential assessment roll is $11,868,483,068 this [...]
Building Permit Values Down in Victoria for 2011
According to Statistics Canada, the total value of building permits issued in the Victoria region of Vancouver Island from January to November last year was $615.9 million, down 11.3 per cent from the $694.3 million recorded in the same 11-month period in 2010. Both residential and non-residential construction slowed last year with the value of residential [...]
Comox Valley Real Estate Properties Assessed at $11 Billion
Property assessment notices were delivered to more than 34,000 homes and businesses in the Comox Valley last week, and the numbers were generally stable from the previous year. While there have been valuation variations to several thousand properties this year, they are in a relatively tight range. Of the Valley’s residential properties that have seen changes, [...]
Campbell River’s Waterfront Real Estate Offers Value For Buyers
BC Assessment has generally valued Campbell River properties moderately lower this year over last, and real estate sales prices from 2011 are backing them up. More than 14,000 Campbell River property owners should expect to see assessment changes in the range of -10 per cent to + 5 per cent. The Vancouver Island Real Estate Board [...]
Victoria Area Should Be Safe From Housing Bubble, Says Real Estate Board
The capital region is largely insulated from economic factors affecting housing in other parts of the country, says the head of the Victoria Real Estate Board, responding to a warning from economists that home prices are showing signs of a “classic bubble.” “The important thing to remember is that real estate is local,” board president [...]
B.C. Assessment Notices – Out Today – Should Hold Steady in Nanaimo
A stable housing market could give Nanaimo residents another break from double-digit increases on property values. B.C. Assessment is mailing out thousands of notices on Vancouver Island this week, which it says will likely show minimal increases compared to previous years. A stable housing market will keep the average increase below 10 per cent with [...]
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