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My question is: Canadian-specific
QUESTION: Hi, I have a house that we bought in 1960 and lived in until 1975. From 1975 onwards, we rented it out. We sold the house last year and I need to get the Cost Basis to figure out the Captal Gain I need to claim. I got the assessed value from the Vancouver Archives, but was wondering if there is a more accurate/better way of finding out what houses sold for back then. I remember that for the longest time, the assessed values were much lower then the actual sale price of homes. Thanks.
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david ingram replies:
As a do-it-yourselfer, you can go to the Vancouver Public Library and go through the microfiche rolls of the 1975 houses for sale ads.
Otherwise, find a realtor's office in your area and hope they still have their old 1975 listing books . I actually found my old 1975 listing book for West Vancouver the other day. I still hold my Real Estate licence which I first took out in November, 1965 with Block Brothers Realty.
I will put this on the list and maybe - just maybe a realtor subscriber will come forward with the information. I will pass his or her name along to you if so.
And last but costly would be to phone an appraiser like Peter Whitely or Cunningham Rivard and pay for an appraisal for that time period. It is not hard to do for the land value but the building condition is up to your description.
Hope this helps.
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