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Residential property values across Metro Vancouver fall by up to 15% – CBC.ca

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Residential property values across Metro Vancouver fell in 2019, with the value of homes — including detached houses and condo units — decreasing by up to 15 per cent.

That’s according to B.C. Assessment, which released its 2020 property assessments for the province on Thursday.  

“The Lower Mainland residential real estate market continues to see signs of moderation,” said deputy assessor Brian Smith in a statement. 

The value of detached homes decreased in Vancouver by around 11 per cent, in Surrey by three per cent, in Burnaby by 10 per cent and in Richmond by 14 per cent, B.C. Assessment said.

The provincial government, which promised to take action to “moderate” the housing market after years of skyrocketing increases, expressed happiness with the downturn.

“This is a positive sign that our government’s efforts to make housing more affordable for more British Columbians are having a real impact. For too long, the previous government sat back and watched housing prices climb well out of the reach of average people,” said Housing Minister Selina Robinson in a statement. 

“As we move into the next decade, we will continue our work to stabilize the market and support investment in new housing supply, while we ensure that more families and businesses are able to be part of our economic success.”

Property values are based on the assessed value from July 1 the previous year. Changes to individual property tax bills are based on changes in value relative to surrounding properties.

While residential property values were down across Metro Vancouver, the value of some commercial and industrial properties went up by as much as 20 per cent.

Former Lululemon CEO Chip Wilson’s Point Grey Road mansion topped the list of most valuable properties in B.C. in recent years, and is now worth $64.9 million. (Google Earth)

B.C.’s 10 most valuable properties

Once again, the most valuable property in the province belongs to Lululemon founder Chip Wilson.  

Wilson’s waterfront mansion on Kitsilano’s Point Grey Road was valued at just under $65 million — an 11 per cent decrease from its $73.1 million value in 2019. 

The next three most valuable B.C. properties remained the same as well: two homes on Belmont Avenue in Vancouver’s Point Grey neighbourhood; and James Island, a private island east of Greater Victoria owned by billionaire Craig McCaw. 

For the first time in recent memory, properties in Surrey and Abbotsford also made the top 10 list: 

  1. 3085 Point Grey Rd., Vancouver — $64,946,000
  2. 4707 Belmont Ave., Vancouver — $58,728,000 
  3. James Island, James Island — $56,747,000 
  4. 4719 Belmont Ave., Vancouver — $36,042,000
  5. 4743 Belmont Ave., Vancouver — $32,771,000 
  6. 2815 Point Grey Rd., Vancouver — $32,588,000
  7. 4773 Belmont Ave., Vancouver — $31,720,000
  8. 17146 20 Ave., Surrey — $31,524,000 
  9. 4857 Belmont Ave., Vancouver —  $30,208,000 
  10. 35220 Cassiar Ave., Abbotsford — $30,022,000

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LCBO stores reopen 18 days after workers walked off the job as stores anticipate deliveries to restock – Toronto Star

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LCBO stores reopen 18 days after workers walked off the job as stores anticipate deliveries to restock  Toronto StarView Full Coverage on Google News

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Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday – CBC.ca

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  1. Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday  CBC.ca
  2. Falcon Content Update Remediation and Guidance Hub  CrowdStrike
  3. July 19-22, 2024 operation  Delta News Hub
  4. Delta still cancelling hundreds of flights after CrowdStrike outage. Why?  Global News Toronto
  5. CrowdStrike incident has CIOs rethinking their cloud strategies  CIO

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Before Spending Money on a ‘Career Coach,’ Do Yourself a Favour, First Try These Job Search Strategies

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I’m sure you’re aware of the “career coaching” industry—Internet talking heads promising job search and career success—that’s sprung up in recent years. Worth noting: The industry is unregulated. All career coaches are self-proclaimed; no certification or licensing is required.

 

Career coaches have one ultimate goal: To make money off you.

 

Today’s tight job market is making job seekers frustrated and desperate, which career coaches are taking advantage of with their promise of insider knowledge, personalized guidance, and a direct line to the hidden job market. Career coaches market themselves as a shortcut to finding a job, which is appealing when you’ve been unemployed for a while.

 

I’m not averse to hiring a career coach to assist you with your job search; it’s your money. However, keep in mind a career coach…

 

  • is a significant expense, especially if you’re unemployed
  • will only offer common sense advice, nothing that you probably already don’t know or haven’t read or heard before, and
  • doesn’t have insider knowledge

 

…and you’ll still need to do the activities related to job searching.

 

When asked, “Nick, should I hire a career coach?” my answer is an unequivocal “No!” Conducting your job search solo will not only save you money, you’ll also be developing job search skills you’ll need for the next time—chances are there’ll be a next time—you’re job hunting. Before spending thousands of dollars on a career coach, I suggest first trying the following job search strategies.

 

Optimize your online presence.

 

In today’s digital-first job market, employers will check your online digital footprint to evaluate your candidacy; are your interview-worthy? Start with the obvious: Ensure your LinkedIn profile is up-to-date and showcases your quantified accomplishments (a non-quantified statement is an opinion) so employers can see the value you can add. Do yourself a favour, read LinkedIn Mastery: A Comprehensive Guide to Navigating Digital Landscapes Effectively, by Benjamin Stone.

 

Necessary: Stay active on LinkedIn!

 

Your LinkedIn profile can’t be non-active. Maximizing LinkedIn’s potential requires regularly engaging with content, commenting on posts, and contributing original content. Engaging actively and visibly on LinkedIn will lead to opportunities.

 

Next:

 

  • List your social media accounts.
  • Deactivate accounts you are no longer using.
  • Set any accounts you don’t want prospective employers or recruiters to see to private.
  • Ensure your social media profiles (g., display name, handle, headshot, bio) convey the same message about your professional background.

 

Leverage your existing network (a low-hanging fruit few job seekers take advantage of).

 

Everyone has a network of some sort. This means since all job opportunities are attached to people—good news—there are job opportunities all around you. Often, your barista, dentist, hairstylist, neighbours, fellow members of whatever club or association you’re a part of, and, of course, family and friends can help open doors for you.

 

Tell everyone you know that you’re looking for a new job. Always carry extra copies of your resume and hand them out when appropriate. You’ll be surprised at the number of people willing to help you when they understand your situation.

 

Read these two books:

 

 

Ferrazzi outlines practical strategies for building relationships, networking, and leveraging connections

.

 

Hollins provides actionable strategies for achieving your job search and career goals, such as overcoming procrastination and boosting productivity with focus and discipline.

 

Apply less, connect more.

 

Applying online is a waste of time. In previous columns, I’ve noted that applying online is comparable to playing the lottery; you’re hoping a stranger hires you. Numerous studies have shown that most jobs aren’t advertised; they’re filled through connections and referrals.

 

Job searching today is a long game; you need to be patient. Today, you need to network your way into a company and identify opportunities, which no career coach can do for you. It’s unlikely the resume you submit online will be reviewed. Paying to have your resume redesigned won’t get it more views; getting it in front of people who can hire you will.

 

Take what you will from the following.

 

A few months back, a job seeker asked me, “I’ve been working as a help desk agent at a healthcare software company for five years. I want to become a Director of IT at a large multinational company. What should I do?”

 

How should I know? I’m not a Director of IT. Why not ask the Director of IT at a large multinational company?

 

Take advantage of the fact that people love talking about themselves. Dinner with someone who holds the position you aspire to is a better investment than hiring a career coach who lacks your dinner partner’s real-world experience. I charted my career path by observing those ahead of me and seeking their advice. Talking to people who are where you want to be will benefit your job search and help you achieve your career aspirations.

 

By shifting your mindset, optimizing your online presence, leveraging your existing network, staying engaged on LinkedIn, and connecting with the right people, you won’t need to hire a costly career coach, and you’ll develop skills you can use throughout your career.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

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