Current Relevant Market Updates
Keeping our Customers Informed

Jan 21, 2011
Comox Valley Real Estate and Economic Forecast for 2011

Last night I went to the 1stView Economic Forecast Event held annually (previously called the Crystal Ball Event.) There were no surprises though some of the statistics may be slightly off to what reality is. As an example, the average house price hasn't dropped in the last year - HOWEVER, what they don't mention is that what you are getting for that average price is a lot more house! So yes, while the average 'price' hasn't changed, the reality is...

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Source: Anna Jorgensen, Coast Realty Group Ltd; www.1stView.ca

Jan 07, 2011
Assessing BC Assessments

If you're a BC property owner you will have received your BC Assessment by now. To keep it brief, how does your assessment stack up to the actual value of your property? Generally, it doesn't. As an example, of the last 8 residential sales in the Comox Valley (Dec 2010) 7 were below 2011 assessed value and 2 above. Comox seems to be closer to value or in some cases higher than their assessments. I haven't examined land sales, or...

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Source: Anna Jorgensen Coast Realty Group Ltd.