GREATER VICTORIA CHAMBER
Join Now
Member Login
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • Annual Auction
      • Business Hall of Fame
      • Business Awards >
        • 2022 Business Awards Winners and Finalists
      • Picnic in the Park
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2022
    • Sponsorship
  • COVID-19
    • COVID-19 Initiatives >
      • Shop Chamber Local
      • Picnics & Patios Contest
    • COVID-19 Links
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us

BizNews Advocacy

Subscribe to BizNews
BizNews email Archive

Property assessments up after strong sales in 2020

1/6/2021

1 Comment

 
The new year brings new assessments for property owners in BC. The real estate sector in Greater Victoria was a bright spot in 2020 and it's not surprising that assessments are up across the region.

A total of 8,947 properties sold last year, up 17.1% from 2019. The increased demand and limited inventory has raised house prices about 5 to 10% in the region.

In response, the province has raised the threshold for eligibility for the Home Owner Grant to $1.625 million. The province has also taken on administration of the grant, which was formerly done by municipalities.

To listen to Chamber CEO Bruce Williams discuss the state of real estate in Greater Victoria, check out our Chamber Chat with the Victoria Real Estate Board.
1 Comment
Bridge Dale link
8/30/2021 04:55:26 am

Property assessments will be up after solid sales in 2020, and I am not surprised by this. The reviews will only go up more, and we should be prepared for it.

Reply



Leave a Reply.

    Categories

    All
    Business And Economic Strength
    Chamber Awareness
    Climate Change Solutions
    COVID
    Fair Rules
    Federal Election 2021
    Finding And Keeping Workers
    Food Security
    Global Uncertainty
    Hospitality And Tourism Rescue And Recovery
    Immigration And Integration
    Indigenous Business Support And Reconciliation
    New And Established Businesses
    Provincial Election 2020
    Safe Communities
    Streamlined Regional Regulations
    Transportation Options

Picture
​Copyright © 2021 Greater Victoria Chamber of Commerce.  All rights reserved. 
​#100 – 852 Fort St., Victoria, BC V8W 1H8, Canada   |   Phone: (250) 383-7191 

chamber@victoriachamber.ca   |  Site Map
Greater Victoria Chamber of Commerce
Notice a typo or broken link? Please let us know so we can fix it ASAP. Email communications@victoriachamber.ca
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • Annual Auction
      • Business Hall of Fame
      • Business Awards >
        • 2022 Business Awards Winners and Finalists
      • Picnic in the Park
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2022
    • Sponsorship
  • COVID-19
    • COVID-19 Initiatives >
      • Shop Chamber Local
      • Picnics & Patios Contest
    • COVID-19 Links
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us