Arizona’s Abortion Law Repeal Comes as Independents Trust Biden More on Issue
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
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It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
Pending sales of existing US homes in March reached their highest levels in a year in spite of persistently high borrowing costs and a low supply.
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Politicians are desperate for developers in Vancouver to build more homes to alleviate pressure in one of the continent’s most expensive real estate markets. There’s just one problem — not enough buyers are showing up.
Jan 3, 2023
The Canadian Press
The British Columbia government is boosting the homeowner grant threshold to $2.125 million for this year as average property values increase by 12 per cent.
The government says in a statement that resetting the threshold from $1.975 million means about 92 per cent of residential properties will be eligible for the grant, which reduces property tax on a principal residence.
The basic grant for those who live in their homes in Metro Vancouver, the Fraser Valley and Capital Regional District is $570 and as much as $845 for those over 65, who are veterans or who have a disability.
For homeowners in northern and rural areas, the basic grant is $770 or $1,045 for veterans, those with a disability or people over 65.
BC Assessment says in a statement the valuations released Tuesday show estimates from last July, when the total value of real estate assessed in the province reached $2.27 trillion.
The agency says that while some people may be worried about their taxes going up if they’ve had a large hike in the value of their home, the most important factor is how much the value has changed relative to the average increase of properties in their area.
The highest valued home in the province is a $74 million Vancouver waterfront mansion and compound owned by Lululemon founder Chip Wilson.
Here are the average assessed values of single-family homes in 2023 for some areas of B.C. along with the percentage change:
Vancouver, $2.125 million, a 7 per cent increase.
Whistler, $2.902 million, an 11 per cent increase.
Surrey, $1.609 million, up 13 per cent.
Victoria, $1.157 million, up 8 per cent.
Duncan, $591,000, a 13 per cent increase.
Tofino, $1.616 million, up 20 per cent.
Port Alice, $261,000, down 1 per cent.
Kelowna, $988,000, up 14 per cent
Osoyoos, $685,000, up 14 per cent.
Merritt, $475,000, a 14 per cent increase.
Castlegar, $497,000, up 18 per cent.
Nelson, $675,000, up 5 per cent.
Village of New Denver, $361,000, a 26 per cent increase.
100 Mile House, $405,000, up 26 per cent.
Fort St. John, $343,000, a four per cent increase.
Fraser Lake, $204,000, a 31 per cent increase.
Prince George, $450,000, a 12 per cent increase.
Valemount, $345,000, a 28 per cent hike.