When that property tax assessment notice arrives you might be wondering how close the number is to market value. It’s easy to assume that the assessed value is a true reflection of our home's market worth. But we took a deep dive into hundreds of our records and found the assessment number and the market value don’t match.

The Truth About Tax Assessments

Cal's research revealed some significant discrepancies:

• Under-Assessed Properties: A surprising 37% of the reviewed listings sold for less than their assessed value. In some cases, homes went for a staggering $200,000 to $300,000 less than what the assessment authority believed they were worth.

• Over-Assessed Properties: On the flip side, some properties sold for $200,000 to $300,000 more than their assessed value. This shows just how wide the margin of error can be.

Why the Discrepancy?

It's a huge undertaking for assessment authorities to value every single property in an entire province each year. They rely on tools like Google Earth and street view pictures. While these tools are helpful, they simply can't capture the full picture.

Think about it: these methods don't account for that brand-new kitchen you just installed, the upgraded bathrooms, or even necessary maintenance that hasn't been done that might increase the market value of a home. Conversely, they also don't factor in outdated interiors, like those shag carpets.

Get the Real Picture

So, if your tax assessment isn't always accurate, how do you get a true understanding of your home's market value?

Consulting an experienced and qualified real estate agent is the best way to understand the current market value of your home. Unlike generalized assessments, a local agent can provide a market valuation that takes into account all the unique features of your home, recent comparable sales in your specific neighbourhood, and current market conditions. This detailed analysis gives you a far more accurate and actionable valuation.

Don't leave money on the table or misjudge your home's worth. If you're curious about the actual value of your property, reach out to an expert.

Contact us for your free market valuation today!

Get ready for a jam-packed July in Cowichan! 🎉 From vibrant markets and incredible music festivals like 39 Days of July, Islands Folk Festival, and Sunfest, to exciting sports events like the BC Bike Race and Island Trail Series, there's something for everyone. Plus, don't miss local celebrations and amazing art shows. Get out and enjoy everything Cowichan has to offer this month!

• CHEMAINUS WEDNESDAY MARKET

  Waterwheel Square

  Wednesdays (May - September) 10:00 - 3:00pm

• DUNCAN FARMERS' MARKET

  Duncan City Square

  Saturdays, 9:00am - 2:00pm

• FOOTLOSE

  Chemainus Theatre Festivals

  June 27 - August 24

• 39 DAYS OF JULY

  Downtown Duncan

  June 28 - August 5

• BC BIKE RACE

  Mt Tzouhalem & Maple Mountain

  June 30 - July 2

• ART SHOW: BOTANICALS

  Ladysmith Gallery

  July 9 - 23

• 100 BUCKS OR LESS - ISLAND ART SHOW

  Excellent Frameworks, Duncan

  July 10-12

• DUNCAN DAY

  Downtown Duncan

  July 12

• HONEYMOON BAY DAY

  Honeymoon Bay Hall

  July 12

• ISLAND TRAIL SERIES

  Transfer Beach, Ladysmith

  July 12

• CURRENT SWELL @ RED ARROW BREWING

  July 19

• ISLANDS FOLK FESTIVAL

  Providence Farm, Duncan

  July 25 - 27

• OUTDOOR ART MARKET

  Downtown Duncan

  July 26

• SUNFEST COUNTRY MUSIC FESTIVAL

  Laketown Ranch, Lake Cowichan

  July 31 - August 3

If you have a community event this summer, let us know!

Both townhouses and condos offer compelling alternatives to detached homes, providing a balance of affordability, convenience, and community living. The best choice depends on individual priorities regarding space, privacy, maintenance responsibilities, and desired amenities.

#20-1700 Pritchard Road - Cowichan Bay

Tucked away in the coveted end unit of Mariner Ridge, this 1,981sqft townhome offers exceptional privacy, abundant natural light and ocean views. The main level features maple hardwood floors, a beautifully updated kitchen, and a spacious living room with a dual-sided gas fireplace that connects to the bright eating nook. From both the living room and kitchen, step out onto the sunny deck — a perfect spot to relax and enjoy the ocean views. Just a short stroll to the very popular Cowichan Bay’s shops, restaurants, and marina with an easy 12 minute access to Duncan and only 25 minutes to Langford.

#20-1700 Pritchard Road

Altair - 1234 Viewtop Road - Duncan

With only a handful of units left, these stunning properties are moving quickly. Inside, you'll be impressed by the high-end finishings, including engineered hardwood floors, quartz countertops, & ceramic tile in the bathrooms & laundry. The spacious backyard is ideal for entertaining guests while the private front courtyard is available for coffee when the sun is right. This location is unbeatable, close to popular hiking/biking trails on Mount Tzouhalem and Maple Bay Beach. You'll love the convenience of being close to all amenities while still feeling like you're in your own private oasis.

1234 Viewtop Road - Duncan

#210-2555 Dingwall Street - Duncan

Just Repriced and a great value! This 2-bedroom, 1-bathroom condo offers 775 sqft of functional living space with plenty of natural light. The home has just received brand new flooring and paint throughout and looks great! A practical layout makes the most of the space, with comfortable bedrooms, a bright living area, and in-unit laundry. Move-in ready and centrally located, this condo is a solid opportunity.

#210-2555 Dingwall Street

One of the best parts of summer in Cowichan is all the community events. Check out some of the things happening in June! If you have a community event this summer, let us know!

• CHEMAINUS WEDNESDAY MARKET

  Waterwheel Square

  Wednesdays (May - September) 10:00 - 3:00pm

• DUNCAN FARMERS' MARKET

  Duncan City Square

  Saturdays, 9:00am - 2:00pm

• COWICHAN VALLEY BLUEGRASS FESTIVAL

  Laketown Ranch, Lake Cowichan

  June 13 - 15

• COWICHAN PRIDE FESTIVAL & MARCH

  Downtown Duncan

  June 22

• 39 DAYS OF JULY

  Downtown Duncan

  June 28 - August 5

• COWICHAN CHALLENGE TRIATHLON

  Fuller Lake, Chemainus

  June 29

• BC BIKE RACE

  Mt Tzouhalem & Maple Mountain

  June 30 - July 2

Real estate was never my backup plan—it was Plan A from the very start.

Growing up, I watched my father skillfully navigate the market as a realtor and home builder, and I knew I wanted to follow in his footsteps.

I was born in Prince George, British Columbia. My father ran a bakery with my grandfather, who immigrated from Switzerland. We eventually moved from Prince George to Vancouver, then Edmonton, where my father transitioned from a baker to a Realtor and began to specialize in new home construction.

At ten years old, we moved to Thetis Island, a small Gulf Island north of Salt Spring, with only 300 residents. Life there revolved around the water; we fished commercially, and I worked at a marina. Living in such a tight-knit community taught me how to connect with people from all walks of life.

Later, I spent time in Victoria, Vancouver, and Whistler, where I trained in real estate.

I loved that Whistler dream with resort living but when I decided to focus on my career more seriously, I came back to Vancouver Island.

I joined my father, who was selling real estate in the Cowichan Valley. After a short stint together, I branched off on my own.

Over the last 30 years, I’ve developed various partnerships and ultimately built the amazing team I have now.

Through the ups and downs, I’ve learned that helping people find their perfect home isn’t just about making a sale; it’s about supporting them through life’s big transitions.

That’s where my focus on right sizing comes in.

I’m still living that busy family life with kids still at home, most of my peers are ready to find that home that lets them focus on doing less around the house so they can do more of the things they love.

And that’s really the best part of my job!

Dreaming of trading your current province for the stunning landscapes of Vancouver Island? You're not alone! Many people are drawn to the island's natural beauty and laid-back lifestyle. However, moving provinces is more than just packing boxes; it's a significant life change with its own set of challenges. 

Tammy Bigelow, who relocated from Ottawa herself, understands the complexities of moving across provinces and she is happy to help others make the move.

Key Takeaways:

• Moving to Vancouver Island involves more than just finding a house; it's a significant life change.

• Each region on Vancouver Island has its own unique character.  Understanding the nuances of each region on the island is crucial.

• Working with a real estate agent who has experience with interprovincial moves is highly recommended.

• Preparing important documents and credentials ahead of time can save you time and stress.

• Be aware of potential costs and requirements related to bringing your vehicle to the island.

If you're considering a move to Vancouver Island, give Tammy a call! With the right guidance, you can make your dream of island living a reality.

Connect with Tammy

Poly B plumbing was a popular alternative to copper in the 1980s and 1990s. However, its shorter lifespan and propensity for leaks have created significant challenges for homeowners and insurers alike.

Cal connects with Kylene from Coastal Community Insurance to talk about the issues around poly b plumbing.

The Poly B Problem

• Leaks and Damage: Poly B pipes are prone to splitting, leading to leaks that can cause extensive water damage, mold growth, and costly repairs.

• Insurance Challenges: Many insurance companies are now reluctant to cover homes with Poly B plumbing. Some are denying coverage altogether, while others are increasing deductibles significantly.

• Replacement Costs: Replacing Poly B plumbing can be expensive, involving significant drywall removal, remediation, and the installation of new PEX piping.

Identifying Poly B

• Visual Inspection: Look for gray plastic pipes, especially around the hot water tank.

• Check for Copper Crimps: Early Poly B models had plastic fittings. Look for copper crimps, which were a later improvement.

• Beware of Painted Pipes: Painted Poly B can be difficult to identify.

What Homeowners Can Do

• Inspect Your Plumbing: If you suspect you have Poly B, investigate further.

• Contact Your Insurance Provider: Discuss your coverage options and any necessary actions.

• Consider a Water Mitigation System: These systems can detect leaks early and mitigate damage.

• Replace Poly B Proactively: If feasible, consider replacing Poly B plumbing before it causes serious issues.

Important Note:

• Don't attempt to repair Poly B yourself. This should only be done by qualified professionals.

• Consult with a trusted plumber and insurance agent to discuss the best course of action for your specific situation.

Poly B plumbing presents a significant challenge for homeowners. By understanding the risks and taking proactive steps, you can minimize potential problems and protect your property and your finances.

Disclaimer: This blog post provides general information and should not be considered professional advice.