What the 2020 BC Real Estate Assessment Report is Telling You. BC Assessed Values Leave Homeowners, Buyers and Sellers with Questions

What the 2020 BC Real Estate Assessment Report is Telling You. BC Assessed Values Leave Homeowners, Buyers and Sellers with Questions
By Catherine Musgrove Jan 15, 2020

2020 BC ASSESSEMENT

What Does it Mean for Current Homeowners?
It is natural to be concerned with decreases in assessed property values, your home is not worth as much you might have paid for it, or you may not get the return on investment you hoped. Your property assessment may not affect your market value.

Homeowners may also wonder if it will affect their ability to renew their mortgages if they owe more than their home’s current assessed value. Rest assured, in most cases, mortgage renewal should not be an issue. If you are renewing with the same lender and your credit standing has not deteriorated, then the process should be smooth.

The challenge may arise if you are changing lenders, trying to access more funds, suffer from poor credit, or trying to negotiate a new mortgage. If it is a straightforward renewal, don’t worry, you won’t be kicked out of your home because the assessed value has decreased.

Overall, the housing marketing across BC remains moderate, and Real Estate Agents are already anticipating a busy spring as buyers and sellers negotiate their dream home. Be aware of the assessment and what it means to your community, look at what you can afford, and then negotiate based on the market value for your neighbourhood.

READ MORE:

https://www.rew.ca/news/what-the-2020-bc-real-estate-assessment-report-is-telling-you?utm_source=Agents%3A+Market+Insights&utm_campaign=216106b530-EMAIL_CAMPAIGN_2019_08_22_06_44_COPY_01&utm_medium=email&utm_term=0_14f9ba90ce-216106b530-87362887&fbclid=IwAR2465DH_aaTdmKunBnPnqBL_q4ZQ0Z2HIgS8AS41EPI71khQuYz_idzHaQ

Curious What Your Home is Worth? I would love to hear from you…give me a call to discuss your properties value and options.

Shannon Babcock PREC
Buy Smart. Sell Smart.
Committed to Your Real Estate Success
Century 21 Creekside Realty
Cell: 604-795-1081
https://www.shannonbabcock.com
E-mail: shannonbsells@gmail.com
Twitter: @shannonbsells
Join me on Facebook: https://www.facebook.com/shannonbsells/
President’s Club Award Winner 2008-2018

BC Assessed Values Leave Homeowners, Buyers and Sellers with Questions

REW.CA
What the 2020 BC Real Estate Assessment Report is Telling You
BC Assessed Values Leave Homeowners, Buyers and Sellers with Questions

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Year Round Recreation!
Fishing, boating canoeing and awesome mountain nature setting

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between the Coast Mountain Range and the Cascade Mountain Range, this hub of southern BC highways makes Hope a readily accessible destination from which to explore some of the most beautiful and dramatic BC wilderness. Within a half hour drive, there are awe-inspiring desert canyons, vast stands of coastal rainforest, rugged snow capped mountains, expansive alpine meadows and fast-flowing rivers.

FISHING
Kawkawa Lake is home to one of the most unique fisheries in the Upper Fraser Valley. Some of the fish include: Largescale Sucker, Northern Squawfish, Peamouth Chub, Prickly Sculpin, Redside Shiner, Threespine Stickleback, Lake Chub, Goldfish, Aleutian Sculpin, Crayfish, Painted Turtles. The lake is often busy with campers and swimmers during the summer, but is easily accessible. There is paved access to a boat launch, picnic sites and toilets located in the bay area on the south shoreline. There is a seasonal closure on Kawkawa Lake from Dec 1–Feb 28. Coordinates: N49°22.57′ W121°24.00′

LOCAL & PROVINCIAL PARKS
There are several provincial parks near Hope, BC. All are scenic and easily accessible. Some include Coquihalla Canyon, E.C. Manning, Silver Lake and Skagit Valley. If you prefer staying closer to town, visit Hope’s Memorial Park on Wallace Street or Kawkawa Lake just off of Kawkawa Lake Road. Learn more about our parks by visiting the Local & Provincial Parks page.

Property information

 

Shannon Babcock
Royal Lepage Wheeler Cheam Realty
Buy Smart. Sell Smart.
Visit www.shannonbabcock.com
Cell: 604-795-1081

Kawkawa Lake Real Estate Homes for sale in Hope BC