What You Need to Know: All About Property Assessments

On 2 January 2020, assessment notices were mailed to all property owners across British Columbia. This brief sheds some light on how assessed values are derived, how they compare to market values, and how they factor into the determination of municipal property tax owing. 

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

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intelligence

As the weather got warmer in June, home sales and prices in the Vancouver Region cooled following another (somewhat surprising) interest rate hike by the Bank of Canada. Market conditions continue to favour sellers despite total listings increasing for the fifth straight month.

Allison Lafrenier
RENNIE ADVISOR
intelligence

The emergence of counter-seasonal trends in both sales and listings has yielded conditions not seen in almost 4 years and that, in turn, should alleviate some of the upward pressure on the region’s rising home prices.

Allison Lafrenier
RENNIE ADVISOR
intelligence

The typical October spike in sales was absent from King County’s housing market as high interest rates continued to weigh on demand. Instead, it was the supply side of the ledger that saw an increase last month—another seasonal anomaly.

Allison Lafrenier
RENNIE ADVISOR