The dollar volume for CRE in the Greater Vancouver Area plunged in 2023 compared with 2022. Colliers reports the volume of transactions dipped 48 per cent to $6.75 billion in 2023, compared with $12.95 billion in 2022.
Ontario’s property tax assessment appeals landscape has shifted from an informal administrative process to a litigious quasi-judicial battleground. Legislative amendments, operational changes at the Assessment Review Board, activist municipalities and recent board and court decisions have propelled this transformation.
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