Violator Posted January 8, 2019 Share Posted January 8, 2019 https://www.bcassessment.ca Got my bc assessment house went up 7% thats down from 12 last year and 26% a few years ago. Anyone else have a good jump? Link to comment Share on other sites More sharing options...
drummer4now Posted January 8, 2019 Share Posted January 8, 2019 Yes, but all this means is paying more property tax... I can finally say I own a millionaire dollar property.. Link to comment Share on other sites More sharing options...
goalie13 Posted January 8, 2019 Share Posted January 8, 2019 15 minutes ago, drummer4now said: Yes, but all this means is paying more property tax... Only if your assessment jumped more than the average, or if it was going to go up anyways. Mine went up 14%. Apparently the Saanich average is 4% so my tax bill will be up for sure. That, plus the government offloading MSP onto employers was going to drive up property taxes anyways. Link to comment Share on other sites More sharing options...
Ryan Strome Posted January 8, 2019 Share Posted January 8, 2019 21 minutes ago, drummer4now said: Yes, but all this means is paying more property tax... I can finally say I own a millionaire dollar property.. And this guy owned a multi million dollar home in Vancouver. Link to comment Share on other sites More sharing options...
Violator Posted January 8, 2019 Author Share Posted January 8, 2019 26 minutes ago, drummer4now said: Yes, but all this means is paying more property tax... I can finally say I own a millionaire dollar property.. Mine is going up 11%. Link to comment Share on other sites More sharing options...
Lancaster Posted January 8, 2019 Share Posted January 8, 2019 My rental apartment in Surrey went up 30+%. Now worth about $550k. I'm just hoping it goes up another $200k and I'll cash out. Link to comment Share on other sites More sharing options...
Fateless Posted January 8, 2019 Share Posted January 8, 2019 My condo went up 15%, but that's lower than the average in Campbell River which went up 16%. Link to comment Share on other sites More sharing options...
Angry Goose Posted January 8, 2019 Share Posted January 8, 2019 I feel like we should be having this conversation at some fancy Golf clubhouse, laughing at all the commoners Our condo went up 2%, 22% the year before Link to comment Share on other sites More sharing options...
luckylager Posted January 8, 2019 Share Posted January 8, 2019 +11% this year, right in line with the rest of Victoria. +46% from 5yrs ago....! Link to comment Share on other sites More sharing options...
Russ Posted January 8, 2019 Share Posted January 8, 2019 +19% this year. Now its a million dollar property I live on! Problem is theres only one set of people who would pay that for my place and its not your average joe. I have pretty much doubled value in the last 4 years yet the market is dead slow and people are selling well below asking from all the stats I keep reading. Oh well just more reason for the city to gouge the crap out of me. Link to comment Share on other sites More sharing options...
beni Posted January 8, 2019 Share Posted January 8, 2019 another +9% for the South Okanagan. Want to do my renos and get out before it crashes Link to comment Share on other sites More sharing options...
Down by the River Posted January 8, 2019 Share Posted January 8, 2019 Bought a one bedroom condo in Port Moody last May. Had increased in value by 60% between 2015-2018... 2019 it increased in value by 0%..... Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 8, 2019 Share Posted January 8, 2019 77 % in 4 yrs.... Sickening what this is doing to young adults in BC wanting to get into the market.... Link to comment Share on other sites More sharing options...
Down by the River Posted January 8, 2019 Share Posted January 8, 2019 1 minute ago, kingofsurrey said: 77 % in 4 yrs.... Sickening what this is doing to young adults in BC wanting to get into the market.... It took me forever to get in, and when I finally did, I saw no appreciation in value. Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 8, 2019 Share Posted January 8, 2019 2 hours ago, Down by the River said: It took me forever to get in, and when I finally did, I saw no appreciation in value. Its sad how BC has been mis-managed by politicians supporting a hyper inflating real estate market that benefited the 1 % ers of BC..... I have no clue how the city of Vancouver will find any teachers , nurses , and police to ever relocate and take jobs in the city..... Link to comment Share on other sites More sharing options...
kingofsurrey Posted January 8, 2019 Share Posted January 8, 2019 4 minutes ago, Down by the River said: It took me forever to get in, and when I finally did, I saw no appreciation in value. My last house went down in value for the first few years..... then up ever since.... As long as you are in for the long run you should be fine.... Link to comment Share on other sites More sharing options...
250Integra Posted January 8, 2019 Share Posted January 8, 2019 My fiancee and I recently bought a home in Gordon Head (Saanich) and it actually went down.. I'm not complaining Link to comment Share on other sites More sharing options...
the grinder Posted January 8, 2019 Share Posted January 8, 2019 lol im a dollar under million time for the next wave of developers to come a a knocking Link to comment Share on other sites More sharing options...
luckylager Posted January 8, 2019 Share Posted January 8, 2019 21 minutes ago, 250Integra said: My fiancee and I recently bought a home in Gordon Head (Saanich) and it actually went down.. I'm not complaining It only really matters if you want to sell, are renewing, or want to borrow off your equity. We're up for renewal this summer and planning a big reno (big ass twin dormers in the attic, adding 3 beds and a bathroom). The increase in property value on top of paying down our principal makes the reno "almost free", given the equity we've gained on the property. We looked at a few really sweet places in GH on the house hunt. Offered on one by Lambrick Park, but got out bid. Ended up getting really &^@#ing lucky on a house in Oaklands. Practically stole it by offering assessed value, and they accepted. Place hadn't been reno'd since the 50's... Yup, I had to work my ass off. Lots of work and 4.5 years later we've got 500k in equity off the house, probably more once the bank sends their "assessment specialist" by. What I'm saying is- you want your assessment to go up so long as it doesn't increase more than the average. A few hours of work to beautify your property from the road will pay far more than you'd make in those hours by working (unless you're a brain surgeon, which I doubt because you live in GH). In a few years you get some "power" with the bank and can use your debt as leverage for reno's, new cars etc. Man, I just rambled on eh... Link to comment Share on other sites More sharing options...
Hamhuis Hip Check Posted January 8, 2019 Share Posted January 8, 2019 Mine went up 27%, average was a 17% increase so my taxes are going up Link to comment Share on other sites More sharing options...
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