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I remember years ago Shiller calling Vancouver the bubbliest city in the world and doom and gloom. My God how wrong he was. Anyone who listened to him lost a lifetime of savings and then some
Hot property
B.C.'s privately owned real estate up 16 per cent in 2007
Derrick Penner, Vancouver Sun
Published: Wednesday, January 02, 2008
B.C. - The assessed value of all privately owned real estate in British Columbia increased by 16 per cent in 2007 to top $940 billion, the B.C. Assessment Authority reported Wednesday.
A new record for new construction value of $21.6 billion accounted for some of the change, as did the addition of new properties.
BC Assessment evaluated 1.82 million properties for the 2008 property roll versus 1.78 million in 2007. However, the vast majority, some $110.4 billion represented increasing property values in B.C.'s hot markets. Property assessments are used by municipalities in setting property tax rates. BC Assessment evaluates properties and sets assessment values as of July 1 of each year.
The assessed value of all privately owned real estate in British Columbia increased by 16 per cent in 2007 to top $940 billion.
Vancouver Sun files
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For the 2008 property roll, BC Assessment sent out 1.92 million assessment notices. If property owners disagree with their assessment, they have until Jan. 31 to appeal the valuation.
I remember years ago Shiller calling Vancouver the bubbliest city in the world and doom and gloom. My God how wrong he was. Anyone who listened to him lost a lifetime of savings and then some
Hot property
B.C.'s privately owned real estate up 16 per cent in 2007
Derrick Penner, Vancouver Sun
Published: Wednesday, January 02, 2008
B.C. - The assessed value of all privately owned real estate in British Columbia increased by 16 per cent in 2007 to top $940 billion, the B.C. Assessment Authority reported Wednesday.
A new record for new construction value of $21.6 billion accounted for some of the change, as did the addition of new properties.
BC Assessment evaluated 1.82 million properties for the 2008 property roll versus 1.78 million in 2007. However, the vast majority, some $110.4 billion represented increasing property values in B.C.'s hot markets. Property assessments are used by municipalities in setting property tax rates. BC Assessment evaluates properties and sets assessment values as of July 1 of each year.
The assessed value of all privately owned real estate in British Columbia increased by 16 per cent in 2007 to top $940 billion.Vancouver Sun files
Email to a friendPrinter friendly Font: For the 2008 property roll, BC Assessment sent out 1.92 million assessment notices. If property owners disagree with their assessment, they have until Jan. 31 to appeal the valuation.
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