Timing of Sale: 

Choose properties that sold as close to July 1 last year as possible:

  • Sales comparables are not restricted to those that occurred before July 1.  You and BC Assessment may pick sales that occurred before or after this date.

Similarity: 

You should look for sales comparables that are the most similar to your property:

  • Look at things like the size of the lot, the size of the house, its age, condition, quality, and so on.
  • Location is a key factor.  Comparables that are far away from your property are less useful.

Listings:

Listings of properties for sale are less useful than actual sales:

  • The problem with a listing is we do not know the property's selling price until it sells. The selling price might be significantly different from the asking price in the listing.