Yesterday I discovered an interesting quirk in the City of Yellowknife’s property assessment system. If you own a house downtown and you use it purely for residential purposes, your land will be assessed at $95,000. But if you choose to operate a business out of your home, your assessment jumps up to $210,000. If you have purchased a home in the downtown area in the last seven years and you don’t currently have a business license attached to it, check your assessment. If it’s at $210,000, get in touch with the City.
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Feb
14
Dec
Well, it’s almost Christmas. Not exactly peak listing season, but it is a peak of a different sort. The holiday season is the time of year when people re-evaluate their exercise regimens, their careers, their …
11
Aug
After a crazy couple of years for the Yellowknife real estate market, it look increasingly like we are getting back to the old normal. In July we had a mere 23 MLS sales transactions, a …
21
Dec
Over the last few years we’ve had a lot of home sellers ask us to explain the difference between Exclusive listings and MLS® listings. Exclusive listings are a bit controversial, and are rarely seen in Yellowknife, …
Adrian Bell is the Designated Representative for the Agent, Century 21 Prospect Realty.
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