• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

Real Estate News Roundup: April - Category: Business

Posted by Jack Barker

We hope that everyone reading this is staying safe and coping with these difficult and stressful times—understandably this month’s roundup will be dominated by the facts of the exceptional circumstances we find ourselves in.  

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2020 BC Assessments Due - Category: Business

Posted by Jack Barker

Whether you’ve already received yours or are expecting one soon, if you’re among the 374,600 property owners throughout Vancouver Island to receive a 2020 assessment notice from BC Assessment, you may already be reevaluating your future property decisions for the coming year. 

These assessments — which reflect property values as of July 2019 — are issued yearly by BC Assessment based on their yearly analysis of the relevant data. The picture that’s being painted is one of relative stability, especially in the southern areas of Vancouver Island, with shifts falling primarily in the range of  -5% to +5%. However, further upland there are more significant examples of volatility, especially in terms of price increases. 

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Get Ready For Generation Z! - Category: Business

Posted by Jack Barker

Gen Z is bigger than the Baby Boomers and is about to upend consumerism.

Generation Z thinks differently about marketing and commerce. Surveys show that unlike Millennials, Gen Z is cautious about consumption.

Here's how the oldest members and consumers compare with previous demographic cohorts in the United States:

Boomers: 54-72 Years Old
Generation X: 38-53 Years Old
Millennials: 22-37 Years Old
Generation Z: Born after 1996

Gen Z are more ethically minded spenders than the previous generation.

Gen Z are harder to reach. Forget TV — social media will be how they connect. Statistics Canada notes they're sometimes called the "Internet generation", as the first generation born after the popularization of the internet.

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BC Real Estate Money Laundering Investigations - Category: Business

Posted by Jack Barker

A recent news report suggests that up to $1 billion may have been laundered through Vancouver luxury real estate in 2016. BCREA has been supporting the provincial government's ongoing investigations and efforts to understand and eliminate money laundering vulnerabilities in BC real estate transactions.

“As the report says, money laundering is a complex problem and recognizing when sophisticated international crime syndicates – who are experts at fraud and deception – are at work behind the scenes takes significant resources,” noted BCREA CEO Darlene Hyde. “At BCREA, we are ready to make our contribution to keeping BC's economy safe from organized crime and we have committed to assisting the government.”

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Immigration in British Columbia, Canada - Category: Business

Posted by Jack Barker

The BC skilled worker category was modified in January 2015 by introducing a PNP Express Entry system co-ordinating with Federal immigration programs. The most radical changes have been renewed for the business category.

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