“We are seeing more homes in East Vancouver selling below the million dollar mark and the vast majority of homes are selling below the tax assessed value,” said blogger Steve Saretsky.
A few months back, Postmedia News reported that a single-family detached home had been listed in Vancouver for less than a million dollars.
“As a result we are seeing inventory grow and prices move lower across all segments,” Saretsky wrote. He also pointed out that the recent big declines in prices for expensive homes was starting to trickle down to the lower end of the detached market. Related 5853 Dumfries Street — $930,000This 1,630 square foot home in East Vancouver off Knight and 41st sits on a 33 by 123 foot lot. It was built in 1953, has two bedrooms and was assessed on July 1, 2018 at $1.358 million. The year before it was assessed at $1.43 million. The home was listed for $1,099,000 and sold last month for $930,000. It was owned by a man from Keremeos who paid $750,000 for it in April, 2014.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Town Talk: Five cited for the courage to defeat adversityThe 21st annual Courage To Come Back Awards gala reportedly raised $2.5 million
Read more »
Postmedia projects and staff nominated for five digital publishing awardsPostmedia is nominated by the National Media Awards Foundation for individual excellence, personal essays, storytelling innovation, digital editorial packaging, and news coverage
Read more »
Five things to know about Kimberly Guilfoyle, Donald Trump Jr.’s new girlfriendFive things to know about Kimberly Guilfoyle, Donald Trump Jr.'s new girlfriend
Read more »
Iker Casillas released from hospital 5 days after heart attack - Sportsnet.caA cheerful Iker Casillas was released from the hospital on Monday, five days after having a heart attack.
Read more »
Five reasons to check out Ballet B.C.'s Program 3For its third (and final) program of its 2018/19 season, Ballet B.C. brings back choreographer Ohad Naharin’s Minus 16
Read more »
Five important things to put on your résuméYour résumé should be your own individual piece of art: unique and original – a piece of you
Read more »
Nearly one in five new specialist doctors can’t find a job after certification, survey showsMore junior specialists are facing bleak job prospects than at any time since The Royal College of Physicians and Surgeons of Canada began studying the problem in 2011
Read more »
Five things to watch for in the Canadian business world this weekAir Canada and WestJet CEOs will discuss their decisions to ground the Boeing 737 Max jets and Statistics Canada will release its Labour Force Survey for April on Friday which reveals employment dropped by 7,200 net jobs.
Read more »
One in five newly certified medical specialists unemployed in 2017, study showsDespite long patient waiting lists, almost one in five Canadian medical specialists weren't able to find work upon graduation from their training programs in 2017 -- the highest number ever reported, according to the Royal College of Physicians and Surgeons of Canada.
Read more »
Oprah Winfrey embarks on a five-city Canadian speaking tour this summerOprah Winfrey is bringing her inspirational spirit to Canada this summer as part of a five-city speaking tour.
Read more »
Oprah Winfrey embarks on a five-city Canadian speaking tour this summerOprah Winfrey is bringing her inspirational spirit to Canada this summer as part of a five-city speaking tour.
Read more »