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2016 BC Property Assessment

Jan. 1, 2017, 11:31 a.m.
Posts: 0
Joined: Dec. 27, 2002

So what's a beater house in Lynn valley going for now? 1.8mil?

Poor babies!!

Jan. 1, 2017, 11:34 a.m.
Posts: 15071
Joined: Nov. 20, 2002

It's possible to defer your taxes and I believe lots a people in Vangroovy do it. You pay a small amount of interest and you got to pay the money back when you sell. I met a couple of skiers /climbers who live very simply in tear down houses on 3million dollar lots who defer taxes

Jan. 1, 2017, 12:22 p.m.
Posts: 1375
Joined: Sept. 30, 2006

It's possible to defer your taxes and I believe lots a people in Vangroovy do it. You pay a small amount of interest and you got to pay the money back when you sell. I met a couple of skiers /climbers who live very simply in tear down houses on 3million dollar lots who defer taxes

Not everyone qualifies for the tax deferment program. 55+ or families with children do qualify, others do not.

Jan. 1, 2017, 3:09 p.m.
Posts: 15071
Joined: Nov. 20, 2002

http://www.cbc.ca/news/canada/british-columbia/vancouver-homeowners-owe-36-8-million-in-property-taxes-1.3904380

old people and people with kids are a lot of people ^^ 37 million in deffered taxes OR just move away

a recent expatriate North Vaner was able to sell his house to pay cash for a house AND ski cabin

Jan. 1, 2017, 3:53 p.m.
Posts: 272
Joined: May 11, 2005

I wonder how much longer it will be before people cash out and there is a max exodus from Vancouver?

Jan. 1, 2017, 4:08 p.m.
Posts: 15071
Joined: Nov. 20, 2002

I don't think its all that massive but I do meet young people with portable jobs who leave the lower mainland, a guy working for a big computer company buys a bunch of lakefront with a big house and he only spent half of what he could pay for a dump in Northvan or the rocket scientist with an LT …

Jan. 1, 2017, 4:37 p.m.
Posts: 195
Joined: Sept. 11, 2008

24% increase, still under the grant threshold, whew!

Canada Kicks Ass | Trailforks.com

Jan. 1, 2017, 4:38 p.m.
Posts: 1659
Joined: Aug. 6, 2009

If it weren't for the fact that changing jobs/careers can be a major PITA, I think a lot more would be leaving than already have.

Jan. 1, 2017, 4:50 p.m.
Posts: 7707
Joined: Sept. 11, 2003

I'm up 33%. I know because bricks of $100 bills suddenly came dropping down my chimney. Gonna register for a deferment … interest charged by the Provincial government is 1/3 X Prime.

Jan. 1, 2017, 4:51 p.m.
Posts: 2404
Joined: Sept. 5, 2012

If it weren't for the fact that changing jobs/careers can be a major PITA, I think a lot more would be leaving than already have.

Our youngest is finishing up HS and once she,s done her 1st year of post secondary school we are pulling out of the Fraser Valley .

#northsidetrailbuilders

Jan. 1, 2017, 5:06 p.m.
Posts: 14564
Joined: Dec. 16, 2003

were are you finding this info ?

https://evaluebc.bcassessment.ca/

Jan. 1, 2017, 6:41 p.m.
Posts: 15071
Joined: Nov. 20, 2002

I'm up 33%. I know because bricks of $100 bills suddenly came dropping down my chimney. Gonna register for a deferment … interest charged by the Provincial government is 1/3 X Prime.

exactly

Jan. 1, 2017, 8:02 p.m.
Posts: 1659
Joined: Aug. 6, 2009

Our condo is up 21%. Assessed value is now double what I bought it for 12 years ago, but I doubt it would sell for more than 80-85% of that if put on the market today. I'd have to dig through my files to be sure, but this increase is probably more than the last 5-6 years combined.

Jan. 1, 2017, 8:26 p.m.
Posts: 18067
Joined: Oct. 28, 2003

Our condo is up 21%. Assessed value is now double what I bought it for 12 years ago, but I doubt it would sell for more than 80-85% of that if put on the market today.

the assessment site also lets you see recent sale prices on any address in your area. that's a first I've been able to dig that up online.

Jan. 1, 2017, 8:44 p.m.
Posts: 1172
Joined: Feb. 24, 2017

it's happening now. 2 neighbours within a few blocks are new here from the LM in the last yr. Kamloops and the Okanagan is the same way. mass exodus it ain't but a slow trickle that will only steadily increase as people seek quality of life and affordability.

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