Never in history has B.C. lost so much wealth so quickly. Recent reports are that $90 billion has been lost in home value, just in Metro Vancouver, just over the past year. This figure is roughly.
A new report by Burgess Cawley Sullivan and Associates, a property tax appraisal firm, estimates homeowners in Metro Vancouver have suffered a paper loss of nearly $90-billion in the past year. In Vancouver proper, the firm estimates residents have lost an average of $153,873 in the value of their property.
$90 billion in lost home value in Metro Vancouver over the past year: report.. Home values across Metro Vancouver have taken quite a beating over the past 12 months, cutting much of the equity gained by homeowners during the peak market conditions just a few years ago.. Sale of 5,000.
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A new analysis, commissioned by a group fighting real estate taxes implemented by B.C.’s NDP government, estimates Metro Vancouver shed nearly $90 billion in home value in 2018. The analysis was.
Never in history has B.C. lost so much wealth so quickly – and intentionally. A year and a half ago, British Columbians awoke to a startling announcement from their government: the BC NDP said it would enact whatever initiatives were required to reduce home prices.
A new analysis, commissioned by a group fighting real estate taxes implemented by B.C.’s NDP government, estimates Metro Vancouver shed nearly $90 billion in home value in 2018. The analysis was commissioned by the anti-speculation tax and anti-school tax group stepup Now, and was conducted by tax agent Paul Sullivan with Burgess, Cawley.
$90 billion in lost home value in Metro Vancouver over the past year: report. 21 .. report author | Vancouver Sun. 2 .. which makes it difficult to afford a home in Vancouver on a typical Canadian income. It’s disappointing if you wanted to live in Vancouver and can’t afford it, but there.
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Recent reports are that $90 billion has been lost in home value in Metro Vancouver over the past year alone. That is equal to roughly 65 per cent of Metro Vancouver’s $137 billion GDP.