experts: real estate column Wednesday, August 30, 2000

BUILDING COSTS HAVE GONE THROUGH THE ROOF

Development cost charges in some municipalities have gone through the roof. The only growth these communities want is in the DCC. Look, compare and weep ... and build where it is cheaper.

By Ozzie Jurock

Development cost charges in some municipalities have gone through the roof. The only growth these communities want is in the DCC. Look, compare and weep ... and build where it is cheaper.

Residential Multi Industrial sq.m Commercial sq.m
Abbotsford 12,274 9,997 6.44 7.16
Burnaby 6,521 1,082 3.62 sq.ft. 8.73
Chilliwack 12,459 9,532 11.33 18.81
Coquitlam 12,750 8,700 26-46 46
Delta 11,238 7,574 15.07 27.28
Gibsons 2,636 1,746 6.12 5.10
Langley 15,984 9,013 11.38 27.16
Maple Ridge (urban) 13,083 7,057 42,086 (ha) 77,753(ha)
Maple Ridge (downtown) 5,438 8,391 15,337 (ha) 25,081 (ha)
Mission 2,518 2,144-5,036 2.99 23.20
New Westminster 10,302 7,916 189,862 (ha) 45.02
North Vancouver (city) 18,502 15,145 13.75 37,64
Pitt Meadows 8,923 7,033 11.42 16,70
Port Coquitlam 4,831 4,379 36,948 (ha) 39.09
Port Moody 3,660 1,082 450 214
Sechelt 652 652 500 500
Squamish 4,752 15.06 21.97
Surrey 19,210 42,470 (per acre) 3,230 - 12,240
Vancouver Downtown S. 66.52 (per sq.m) 66.52 (per sq.m) 66.52 (per sq.m)
Triangle West 100.75 (per sq.m) 100.75(per.sq.m.) 100.75(per sq.m)
West Vancouver 12,376 9,166
Whistler 12,362 9,371 62.16 (over 325 sq. m)
White Rock 13,519 11,296 9.78 8.41

Other areas vary between 17.22 in Arbutus, Oakridge 34.98, and Inter City Wide 26.91 per sq.m.

Highest business taxes? Business Industrial Residential ($ per $1,000)
Langley (TS) 36.63 23.47 9.51
New Westminster 29.04 41.19 9.25
Coquitlam 28.73 30.84 7.82
Vancouver 26.89 41.15 6.06
Squamish 25.99 37.13 9.11

The lowest business taxes are in (surprise!) West Vancouver (18.45), Whistler (19.45), and Richmond (21.45).
The highest residential taxes are in Mission (10.63) and Chilliwack (10.81), the lowest in Belcarra (2.20), Vancouver (6.06) and West Vancouver (6.48). Source: Real Estate Trends '99 Greater Vancouver Real Estate Board ... a great magazine.

Excerpted from Jurock's Facts by Fax

jurock.com

--------------------

About the Writer
Ozzie Jurock is the president of Jurock Publishing, Editor of Real Estate Insider Publication and Author of Forget About Location, Location, Location




E-mail this story to a friend    Print this story   Save This Page to del.icio.us

     
Recent Articles by this columnist:

Debunking the Myths of Yuletide Home Selling
Friday, December 19, 2014


Mortgage Interest Rates - Whither Do They Go?
Friday, December 19, 2014


Should You Sell Your Old Home Before Buying a New Home?
Thursday, December 18, 2014


What's a cap rate anyhow?
Saturday, March 29, 2014


Developers ignore Feng Shui at their peril
Friday, November 29, 2013


All articles by Ozzie Jurock

Related Links:

Jurock.com

Forget About Location, Location, Location

Vancouver Real Estate Board

Related Articles:

Have you tried these JUROCK.COM FEATURES?

 

Newsletters

Subscribe To Our Newsletter

Check out this week's Jurock Real Estate Insider Special deal


'MONEY TALKS' HOT PROPERTY

Gibsons waterfront


'MONEY TALKS' HOT TIPS

Don't Worry About Greece ... Worry About The EU


LATEST OZZIE JUROCK articles


LATEST JUROCK.COM CONTRIBUTOR ARTICLES



   Privacy | Security | FAQ | Site Map | Masthead
Contact Us   
Copyright © 2014 Jurock Publishing Ltd. All rights reserved   Jurock.com