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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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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Benchmark Price Infographics for detached, townhomes, and condos in the areas of Vancouver region covered in the monthly rennie review.

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Here is a summary of the headwinds and tailwinds facing our housing market in the year ahead, as we see them.

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With Canadians spending less on some things (services) but more on others (goods), product supply chains have become strained when labour shortages and extreme weather events are becoming more prevalent.