BC Assessment is a provincial Crown corporation responsible for providing independent property assessments for all real estate in British Columbia. Its primary functions include: Determining the assessed value of properties as of July 1 each year. Assigning property classifications, such as residential, commercial, or agricultural. Collecting and analyzing data on market trends and property characteristics. What Assessments Are Used For: Property assessments are used to help

Avoid the referral rabbit hole. One of the most common ways to find a real estate agent in Canada is a referral from friends, family, and acquaintances.   This is no surprise, as despite there being a plethora of real estate agents advertising their services, there is no quick and easy way to compare experience, services and pricing, until recently that is. "I used so and so to sell my house" or "My friend used X to buy their first home” and similar phrases we've all heard ma

The Canadian housing market is potentially about to see a significant shift as the Canada Mortgage and Housing Corporation (CMHC) today raises its insurance cap from $1 million to $1.5 million. Let's explore what this change means for buyers, sellers, and the broader real estate market. Understanding the Change CMHC mortgage insurance is required when buyers make a down payment of less than 20% on their home purchase. Previously, this insurance was only available for homes pr