How do Canadian immigrants evaluate the value of real estate

BC Canada recently released 20 17 property appraisal, and the appraisal of some family houses increased by 30% to 50%. The cities with the biggest price increase are Vancouver, Bennaby, Sanlian, Richmond, Suri, North Shore and Squamish.

The appraised price of a five-bedroom house near Vancouver Commercial Avenue soared from 6.5438+0.09 million yuan in 2065.438+05 to 6.5438+0.46 million yuan in 2065.438+06.

However, the evaluation office reassured the homeowners that the increase in house prices does not mean the increase in property tax, because the change in your house price relative to the average house price in the community will indeed affect the property tax.

Because municipalities directly under the central government set local tax rates according to their budgets, real estate valuation has risen sharply, and municipal governments usually lower local tax rates. If the increase in property valuation exceeds the increase in community parity, the local tax collected may increase.

The last time real estate assessment was in July, 2065438+2006. At that time, the 15% foreign house purchase tax had not been implemented.

Under the existing regulations, homeowners whose house appraisal value is less than 6.5438+0.2 million yuan can apply for tax relief in 570 yuan every year. The provincial government said that in view of the soaring property valuation, the Finance Department is considering whether it is necessary to raise the threshold for land tax relief of 654.38+0.2 million.

Last year, due to the skyrocketing housing prices, the threshold for land tax relief increased by 654.38 million yuan. At that time, the provincial government said that the new threshold covered 965.438+0% houses in British Columbia.