January 2019 Valuation Matters
We are pleased to publish the January 2019 Valuation Matters newsletter.
Property Tax Notices are Here Again
BC Assessment has sent out the Notices of Assessment for 2019 and some businesses are rightfully horrified to see some of the increases. While the residential market has cooled, the commercial market has resulted in increases in value, and will result in increased assessments.

BC Assessment has stated that commercial and industrial properties throughout the Greater Vancouver area will see significant increases up to 45% in the Urban area, while Industrial properties have increased as much as 55% in some cases. The attack on small property owners with BC Assessment stating that these are eventual redevelopment sites continue. During December, BC Assessment provided courtesy notification letters to property owners whose assessments are increasing significantly more than the typical range of change.

BC Assessment's website was updated on January 2nd, 2019 with access to 2019 property assessment information including assessment details for all properties. You can look up yours at BC Assessments e-Value BC

The appeal period ends on January 31, 2018. Call us at 604-608-6161 if you would like more information.  
The End of Land Banking?
A Discussion Paper on the Speculation & Vacant Home Tax
We have prepared a Property Tax Discussion paper discussing the impact on taxes of the School Surcharge Tax, the Empty Home Tax, and the new Speculation Tax.

The important point is that property tax planning must be started immediately. For more information, please contact us.
New Residential Division
In order to be more reactive to our clients, we have opened a Residential Property Appraisal Division with CRA's (Certified Residential Appraiser) designated appraisers.

Feel free to call us if you have residential valuation needs at 604-608-6161 for more information or a quote.
"Do You Guys Do This...?"
Typical Bramwell & Associates Work
We are always being asked  " Do you guys do this...?"  

Some of our Recent Assignments since the last newsletter include...

  • Several Office, Retail and Industrial Strata
  • Land Assembly Consulting
  • Litigation Support
  • Mall in Terrace
  • Assessment Appeals
  • High Rise development sites

We do many types of work for clients, so feel free to call us about what we can do for you.
Where is the Commercial Strata market Going?
Strata Office unit
Bramwell & Associates publishes the Commercial Strata Benchmark Report every month, a rolling 3 month benchmark of sales volume and average price for commercial office, retail and industrial units, broken into new and resales, in 8 separate areas in the Lower Mainland. We publish the monthly newsletter on the 10th of each month, meaning the current version is December 2018.

This monthly report is now in a PDF format for easy reading and saving.

Keep up to date by subscribing today.
In February 2019 we will be publishing the first annual Commercial Strata Market Review, a trend analysis for January - December 2018.

With a decline in volume in strata commercial sales, this new report will give readers a trend analysis to follow. We are already using this in our reports. This will only be sent to past clients and subscribers of the Commercial Strata Benchmark Report. So if you are interested, subscribe today and get the monthly reports and a complimentary copy of the first annual Commercial Strata Market Review.

Our Depreciation Report Division
Strata Reserve Planning, our Depreciation Report and Insurance Appraisal division, operates from Vancouver and Victoria. Our proprietary software program ReservePlan allows a bare land and wood framed complexes to be completed in as fast as one week. For more information go to StrataReservePlanning.Com.  
Bramwell & Associates Reaty Advisors | 604-608-6161 | info@VancouverAppraisal.com