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12-27-2015, 12:35 PM
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#4476 | | I *heart* Revscene.net very Muchie
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| Quote:
Originally Posted by Harvey Specter  Interesting read and insight on how overheated our luxury real estate market really is:
We looked at a random sample of 40 of the 52 homes that sold between 2012 and 2014
In a normal six-month period, 20 to 30 houses sell in Shaughnessy; in the first nine months of 2015, the number was 110.
| interesting read and perspective, but also to be taken with a grain of salt. I'm not one who turns a blind eye on foreign influence, but just a couple points I found odd
1. 'Random' sample of 40/52 homes sold... peculiar number no? If you're sampling ~80% of that area, why not just take all the numbers into account, unless they don't show the point the writer is trying to make.
2. What qualifies a 'normal' 6 month period where 20-30 houses sell, when did 'normal' happen? Why compare a normal 6 month period to a current 9 month period, are they even a comparable comparison? The end numbers are obviously attention grabbing as a result...
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01-03-2016, 07:10 PM
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#4477 | | I Will not Admit my Addiction to RS
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| http://evaluebc.bcassessment.ca/
new assessment is out today. just checked online. gone up by 30%  | |
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01-03-2016, 07:15 PM
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#4478 | | Willing to sell a family member for a few minutes on RS
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Your parents house?
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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01-03-2016, 07:47 PM
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#4479 | | Where's my RS Christmas Lobster?!
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Yea same here. Went up 300k. Although they send out a pre assessment in December which says now the assessment reflects the market value. Unlike before where the assessment was well below. Can someone confirm if I'm correct and if this will rape us in taxes?
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01-03-2016, 09:22 PM
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#4480 | | Everyone wants a piece of R S...
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My condo went up less than 5% near kits but my house in north burnaby went up around 26%. Yay more taxes.
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01-03-2016, 09:39 PM
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#4481 | | Rs has made me the man i am today!
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Jesus. My parents house in East Van is up $260K to 1.125M. It's all nuts.
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01-03-2016, 09:48 PM
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#4482 | | Even when im right, revscene.net is still right!
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20% increase... now I know why my property tax increased this year
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01-03-2016, 10:19 PM
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#4483 | | I *Fwap* *Fwap* *Fwap* to RS
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Condo actually went down 5%...home went up 15%...
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01-03-2016, 10:23 PM
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#4484 | | My homepage has been set to RS
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Yay... More taxes to pay
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01-03-2016, 10:31 PM
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#4485 | | Even when im right, revscene.net is still right!
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Hoe can building appreciate...
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01-03-2016, 11:18 PM
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#4486 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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| Quote:
Originally Posted by Gululu e-valueBC
new assessment is out today. just checked online. gone up by 30% | Parents house went up by 100k. I say this is so the gov can get more tax. If this keeps up I think it would be wise for parents to sell and just rent......
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01-04-2016, 07:10 AM
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#4487 | | RS.net, helping ugly ppl have sex since 2001
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Damn, parents house went up 30% out of no where located in Van right on the border of E/W side. The value has been going up by minimal margins over the last while so this was a surprise.
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01-04-2016, 09:01 AM
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#4488 | | Pull Out Towing. Women rescued for free.
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Also, this is based off of numbers up till July 1 2015.
The market was still hot going into the end of October.
On my feed, I am still seeing some places selling in less than a week during christmas time.
WTF.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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01-04-2016, 09:11 AM
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#4489 | | Waxin’ Punks
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My place went up 16% but realistically could sell for ~29% above last years assessed value, based on recent sales/current inventory in my neighbourhood. So I'm ok with the current assessment.
Could only be upset if you really felt the assessed value of your home was more than market value, which you can contest and file for review.
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01-04-2016, 09:25 AM
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#4490 | | WOAH! i think Vtec just kicked in!
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| Quote:
Originally Posted by Adorkami My condo went up less than 5% near kits but my house in north burnaby went up around 26%. Yay more taxes. | Taxes go up on average by the city's budget increase, which is usually 2-5%.
The city determines how much property taxes you pay, so even if everyone's value goes down 50%, your taxes wont go down 50%, the city will just increase tax rates by 100% in order to get their revenue to meet their budget.
Interestingly, Vancouver also has one of the lowest property taxes relative to other major cities in the world. Can't say the same for people in New West or Port Moody though. . . . .
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01-04-2016, 09:29 AM
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#4491 | | WOAH! i think Vtec just kicked in!
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Originally Posted by winson604 Damn, parents house went up 30% out of no where located in Van right on the border of E/W side. The value has been going up by minimal margins over the last while so this was a surprise. | We've been talking in this thread this year that prices have been going up by 30%, so not sure why anyone would be surprised if it's a detached home.
We've been speculating that perhaps it's mostly due to the currency dropping 25-35% which gives foreigners more purchasing power. Quote:
Originally Posted by SumAznGuy Also, this is based off of numbers up till July 1 2015.
The market was still hot going into the end of October.
On my feed, I am still seeing some places selling in less than a week during christmas time.
WTF. | From what I see in the market right now, prices are still going up every month, so it hasn't plateau/flatten out yet. Although it looks like it's no longer rising at the crazy rates it was in the summer.
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01-04-2016, 10:58 AM
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#4492 | | Willing to sell body for a few minutes on RS
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Phew, mine only went up by 15%...
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01-04-2016, 11:36 AM
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#4493 | | I *heart* Revscene.net very Muchie
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| Quote:
Originally Posted by iEatClams We've been talking in this thread this year that prices have been going up by 30%, so not sure why anyone would be surprised if it's a detached home. | Because the increases were only minimal over the past few yrs as op mentioned, when the overall Vancouver area values for detached have been going up by double digits over at least the past several years.
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01-04-2016, 11:52 AM
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#4494 | | Need to Seek Professional Help
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I live in sefc and 1 bed condos here are on fire. Seeing 1 beds sold within days, and at prices creeping past $900/sqft. Insane.
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01-04-2016, 12:09 PM
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#4495 | | Need to Seek Professional Help
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Originally Posted by Alpine I live in sefc and 1 bed condos here are on fire. Seeing 1 beds sold within days, and at prices creeping past $900/sqft. Insane. | Edit: The assessed value of my unit decreased by $7k. It's now assessed at $713/sqft.
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01-04-2016, 12:10 PM
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#4496 | | Willing to sell a family member for a few minutes on RS
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Where is SEFC?
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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01-04-2016, 12:52 PM
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#4497 | | 14 dolla balla aint got nothing on me!
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Originally Posted by westopher Where is SEFC? | I was wondering too, South East False Creek?!
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01-04-2016, 01:01 PM
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#4498 | | Need to Seek Professional Help
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Yup, south east false creek.
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01-04-2016, 01:03 PM
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#4499 | | I contribute to threads in the offtopic forum
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20% increase at metrotown :S
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01-04-2016, 01:28 PM
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#4500 | | I *heart* Revscene.net very Muchie
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| Quote:
Originally Posted by westopher Where is SEFC? |
Some people call that neighbourhood "Olympic Village" 
I prefer "SoDoVan" 
"SoEaFaCree" just sounds racist.  | |
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