Vancouver hit by dramatic drop in house values

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Hundreds of Vancouver homes are worth hundreds of thousands of dollars less now than they were a few months ago. With Halloween approaching this is just the kind of horror story nobody wants to hear but it’s not a work of fiction. The implementation of rules designed to protect the city’s heritage properties means that many pre-1940s properties are now harder to demolish and any replacement homes must be smaller; wiping huge sums of their values. In one example a homeowner with a heritage property has found that his lot is worth $500,000 less than a neighbouring lot due to the restrictions. The city council’s rules are meant to be temporary while they assess Vancouver’s heritage homes. Read the full story.
  • Concerned Alberta tax payer on 2014-10-30 9:01:23 AM

    Get rid of that annnoying B2B ad that keeps superimposing over the articles. Put it with the rest outside the field.

  • Dowarka Persaud on 2014-10-30 6:24:38 PM

    Again your heading is misleading. Somebody needs to edit your work before its being published.

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