January 2023

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022
After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Great...

Property assessments for single-family homes on the North Shore were up about 6.6 per cent in 2022, according to the latest provincial data, while multi-family homes like condos or townhouses saw 9.3 per cent growth.

BC Assessment released its annual valuations, which are used by municipalities to set tax rates, on Jan. 3. Assessments are based on s...