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12-28-2019, 10:01 AM
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#15126 | | I have named my kids VIC and VLS
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| Quote:
Originally Posted by shiesty  Anybody have an opinion on the quality of Anthem properties? | Almost all Anthem developments seem to be in partnership with Beedie, who is a long term developer/builder in the LML
Can’t speak to the quality but they’ve been around for quite some time and seem to have a decent reputation
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01-01-2020, 08:39 PM
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#15127 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
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Originally Posted by Ch28 Went to an open house at the “new” Thind lowrise by 1st and Renfrew and it’s a giant piece of shit. The rooms are tiny with floor plans that don’t make sense and overall quality is absolute dog shit. I feel bad for anyone that bought into that development | Renfrew 1st quality is terrible BUT... keep in mind for those clients that picked up the units at $600/ft in Vancouver it's an absolute steal and still very profitable.
You are certainly right though, Thind has failed to impress in terms of quality but keep in mind there's always a market for midend/affordable housing.
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01-01-2020, 09:05 PM
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#15128 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
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Originally Posted by donk. I love reading your posts, no bullshit, just info. Unlike most realtors hiding their information and "news" websites posting garbage.
Thank you | Happy new years bro and sis on RS.
I'm an investor and client first, RS-er 2nd, and realtor 3rd so I have no conflict of interest like most out there. Feel free to reach out for an impartial opinion 
Though I won't lie - I'm happy to make a commission here and there and do get paid on deals for friends/family. When I write my own deals I at least save the 1% fee.
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01-02-2020, 12:20 PM
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#15129 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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assessments are out
double digits decline YoY for north shore/van/UEL/port moody detached
coq/poco/new west/bby apt & townhomes dipped 9% YoY
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01-02-2020, 12:44 PM
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#15130 | | Ready to be Man handled by RS!
Join Date: May 2013 Location: richmond
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Originally Posted by twitchyzero assessments are out
double digits decline YoY for north shore/van/UEL/port moody detached
coq/poco/new west/bby apt & townhomes dipped 9% YoY | Down 8% for Richmond Condo
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01-02-2020, 01:27 PM
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#15131 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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Down 13% detached home and 10% YOY for the Vancouver for the assessment I got
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Last edited by Gerbs; 01-02-2020 at 06:45 PM.
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01-02-2020, 01:53 PM
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#15132 | | I *heart* Revscene.net very Muchie
Join Date: Oct 2013 Location: The Fruit Loops
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Considering what I've heard about Thind, it might be in their best interest to create an app that showcases their developments, which people can quickly peruse and see if they like or dislike them by swiping left or right.
They can call it 'Thinder"
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Originally Posted by GS8 When I think about ewe, I touch myself | | |
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01-02-2020, 02:01 PM
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#15133 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
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Thanks NDP for cutting 10%+ off of every single home owner's value while having almost zero effect on affordability.................
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01-02-2020, 05:13 PM
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#15134 | | Need to Seek Professional Help
Join Date: Mar 2003 Location: Vancouver
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down 4% here woo hoo!!
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01-02-2020, 05:13 PM
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#15135 | | Old School RS
Join Date: May 2004 Location: Port Moody
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We bought our house for $1,225,000 in Sep 2018. Assessed at $1,176,000 last year and $1,012,000 this year.
The house across the street from ours just sold at $1,198,00 last week for a much smaller house and inferior lot so it seems somewhat hard to believe that $1,012,000 is a fair number for ours, but it's not for sale, so who cares haha.
-Mark
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01-02-2020, 05:24 PM
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#15136 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
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Dropped 10% on my 2 bed DT condo. Not too concerned since the assessment doesnt factor in my waterfront view.
It was such a crazy run up the gravy train was bound to end. I think were staying flat for awhile to see which side budges. Grown up kids cant live in their parents basements forever.
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01-02-2020, 05:32 PM
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#15137 | | RS has made me the bitter person i am today!
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I'm wondering if this will effect on lending values though........ Since it's close to 10% on condos that I've checked
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01-02-2020, 05:32 PM
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#15138 | | Need to Seek Professional Help
Join Date: Mar 2003 Location: Vancouver
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| Quote:
Originally Posted by lowside67 We bought our house for $1,225,000 in Sep 2018. Assessed at $1,176,000 last year and $1,012,000 this year.
The house across the street from ours just sold at $1,198,00 last week for a much smaller house and inferior lot so it seems somewhat hard to believe that $1,012,000 is a fair number for ours, but it's not for sale, so who cares haha.
-Mark | Assessment value is never a true indication of your market value..its assessed as of "July 1st" but same as your situation we have a very similar house down the block sell for almost 20% on top of my current assessed value..same house same lot..same age..same size and it was only sold 3 months ago.......at this point we dont even care...but it can keep dropping as (hopefully) it means lower property taxes!
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01-02-2020, 05:54 PM
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#15139 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
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Dropped 10% on my detach
Neighbor across the street bought a year ago and now its assessed at $160k less, talk about hurt....
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01-02-2020, 06:01 PM
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#15140 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
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im so glad we held off!
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01-02-2020, 06:13 PM
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#15141 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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Surprisingly the assessed value on my current home I sold and the home I bought are both very close to what I sold for and what I bought for, they've also both dropped about 6% since last year.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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01-02-2020, 06:14 PM
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#15142 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
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Dropped a whopping 1.6% over here in Saanich.
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01-02-2020, 06:46 PM
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#15143 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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The lower assessment means lower property taxes. Which won't even affect you since you're likely not selling haha
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2022 Velo N
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2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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01-02-2020, 07:31 PM
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#15144 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
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Lower assessment value doesn't mean property tax will be lower.
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01-02-2020, 07:36 PM
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#15145 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
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Isnt Vancouver raising taxes by 8% which will negate any savings from lower assessment values.
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01-02-2020, 07:49 PM
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#15146 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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If the assessed value was the same as last year + taxes increasing 8%. Then you'd be paying more compared to lower assessed value and taxes increasing 8%
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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01-02-2020, 08:02 PM
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#15147 | | Proud to be called a RS Regular!
Join Date: Nov 2013 Location: YVR
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Any realtors have a comment re. assessed value and market value?
There's a reason assessed values dropped, and that's not because people are paying "market value" for homes.
On one hand you have people calling our market overheated, overpriced and bound for a correction, and on the same hand you have the same people calling their 7 digit homes undervalued when the assessments are released..
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01-02-2020, 09:11 PM
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#15148 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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my parents' east van detached dropped by 14%
i got into another market for the long haul, went up 10%
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01-02-2020, 09:30 PM
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#15149 | | RS Veteran
Join Date: Nov 2001 Location: An Island
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| Quote:
Originally Posted by 68style Thanks NDP for cutting 10%+ off of every single home owner's value while having almost zero effect on affordability................. | I hate to speculate but it is suspect that Vancouver and Victoria saw around 10% drops. My building value in Saanich went down about $40k which was unexpected considering the rising cost of labour and materials to build.
Langford and Sooke did not see this type of drop and it just so happens they are the more affordable areas on the south island
It certainly feels like a politically motivated move to further cool the market and help affordability in the most unaffordable cities in BC.
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01-02-2020, 10:07 PM
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#15150 | | RS controls my life!
Join Date: Nov 2012 Location: YVR
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Aren't HELOC's based off BC assessment or do they use their own appraisal?
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