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4: Do you agree with your property assessment?

In this episode, I breakdown how the BC Assessment appraiser calculates the value and what to look for in your report.

Key Points:

  • The property assessment value is based on the home value on July 1 the previous year.
  • The property assessment value does not typically include any improvements you have made in your home.
  • Do not focus too closely on where the value of your home goes throughout ownership. The times the home value is essential are when you plan to sell or access equity from your home.

Resources Mentioned:

Bank of Canada keeps rates at 1.75%, trims 2020 economic forecast

The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy for 2020.

The central bank says in its latest forecast that the Canadian economy will grow by 1.6 per cent this year, down 0.1 of a percentage point from its projection in October.

What does this mean to you?

We will see the bank’s prime rate stay as-is, meaning that all variable rate lending products will be unaffected, including variable-rate mortgages and secured or unsecured lines of credit.

We love hearing from you. Click here to join us in our Homeowner Community to get in on the conversation.

Live a house rich life,

Matt Parker

P.S. 5 Minutes Could Save Your Friends Thousands on Their Mortgage!

With our innovative Mortgage Management System, we’ll track their current mortgage and monitor changes in the market that could save your friend a ton of money in the process!

Tell your friends to grab their mortgage statement (no in-depth personal data, only the mortgage details) – and click here to fill out this info!

Our Big Purpose for 2020

Matt here. I bring together homeowners to take control of their home maintenance and finances so that we can live a stress-free life and achieve financial peace from our home.

We also bring together trusted home service professionals to take the risk and guesswork out of the traditionally stressful home maintenance.


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Links mentioned in this episode:

>> Matt’s Homeowner Club