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Rising commercial assessments a threat to North Shore businesses

Jane Seyd, North Shore News, Jan 11, 2019

While property assessments for single-family homes have been falling across the North Shore, commercial assessments have been heading in the opposite direction —clocking in with dramatic increases for the second year in a row.

That has a number of owners worried about what it could mean for taxes – and the viability of local businesses – in the future.

Ross Forman of Re/Max,

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Real estate values sink for detached homes in West Vancouver, North Vancouver

Jane Seyd, North Shore News, Jan 8, 2019

Dramatic changes in the real estate market have shifted areas of the North Shore that were multiple-offer territory into a buyer’s arena.

What went up in a spectacular rise in the run-up to the real estate peak of 2016 is now on its way back down. The most dramatic changes have been in the market for detached homes, particularly for the priciest mansions in West Vancouver.

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Best deals on B.C. waterfront properties this summer

WI Staff  Western Investor August 2, 2018

Waterfront sites in B.C. are becoming expensive but these listings show that some stunning ocean and lakefront opportunities are available for less than the cost of a small home in Metro Vancouver.

 

Mudge Island oceanfront cottage: $225,000

A rustic cottage on almost half an acre of oceanfront is available on Mudge Island, just off the coast from Nanaimo or Gabriola Island.

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Top luxury properties from Vancouver Island to Edmonton

Frank O’Brien & Tanya Commisso, Western Investor, July 30, 2018

Each summer Western Investor surveys the high-end real estate market to present our selection of trophy properties available across Western Canada.

With most price points well above $2 million this is an exclusive altitude but also an inspiration to all of us aspiring to ascend to ownership of such properties. This year we found an incredible selection of luxurious listings,

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Don’t wait to buy land, Buy land and wait: timely advice on the path to real estate prosperity

Rudy Nielsen, Western Investor, May 2, 2018

Don’t wait to buy land, buy land and then wait. I first learned the importance of that saying in 1964 as the youngest realtor in Prince George. I still believe it today.

My career as a realtor has taught me how profitable and rewarding real estate can be. Having assembled development sites for large corporations such us Woodward’s and Safeway, also assembling large subdivisions,

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Home prices in the region far outstrip income all the way to Chilliwack and Hope

Matt Robinson, Vancouver Sun , March 5, 2018

Suggesting young people buy a cheap starter home in the suburbs and later buy in the city, as their parents did, is still valid today — as long as you consider places like Chilliwack and Hope as suburbs of Vancouver.

Those are among the few Lower Mainland municipalities with housing prices that appear not to have blown past incomes over the past two decades,

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New West Hospice Society wins Not-For-Profit of the Year

Cayley Dobie, The New West Record, Nov 25, 2017

A local group looking to bring death out of the shadows was recognized by the New Westminster business community at the 2017 Platinum Awards Thursday night.

New West Hospice Society took home the top prize for Not-For-Profit of the Year at the annual business awards gala organized by the New West Chamber of Commerce held at Starlight Casino.

The society was founded by five New West residents in the fall of 2016.

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West Vancouver and Kelowna swimming in pools

Susan Lazaruk, Vancouver Sun, Aug 26, 2017

If you’re hoping to strike up a friendship with a neighbour who has a backyard pool, your chances improve if you live in Kelowna, West Vancouver or Surrey.

Those cities have the greatest number of single family dwellings with their own backyard pools, according to numbers provided to Postmedia News by Landcor Data Corp., using B.C. Assessment Authority information.

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Western Canada’s cheapest recreation land is in B.C.

By Frank O’Brien, Business in Vancouver, Aug. 9, 2017

The benchmark price of a detached house in Metro Vancouver is now $1.3 million and a typical condominium apartment is $600,000, so $50,000 will buy less than 80 square feet of housing in the city.

But it is much different in the recreational market of vast British Columbia, where a day’s drive can lead to lakefront acreages for less than $40,000,

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Who owns B.C. recreational property?

B.C. Business, Summer 2017

2,577

That’s how many recreational properties changed hands in B.C. in 2016—a 75 per cent surge over the previous year and up almost threefold from 2011. Vacationing Lower Mainlanders may dream of ownership as they snooze on rented lakefront decks this summer, but British Columbians aren’t driving sales, says Rudy Nielsen, president of Niho Land & Cattle Co. Ltd., one of the province’s largest recreational property dealers.

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