D.R. Coell & Associates

D.R. Coell & Associates Real Estate Valuation and Advisory Services Since 1974

🌊🏔️🌲 Happy BC Day from the team at DR Coell!We're proud to serve communities across British Columbia and grateful to be ...
08/03/2026

🌊🏔️🌲 Happy BC Day from the team at DR Coell!

We're proud to serve communities across British Columbia and grateful to be part of a province known for its natural beauty, strong communities, and dynamic real estate market.

We hope you're enjoying the long weekend with family and friends.

What rights come with owning a property? 🏡📈 🔑In real estate, the ownership interest being appraised can have a significa...
07/30/2026

What rights come with owning a property? 🏡📈 🔑

In real estate, the ownership interest being appraised can have a significant impact on value. Fee Simple ownership represents the broadest set of property rights, giving an owner the flexibility to control, enjoy, transfer, or develop a property, subject to applicable laws and regulations.

Because it reflects the full bundle of ownership rights, Fee Simple is often the benchmark ownership interest considered in real estate valuation and appraisal assignments.

Learn more at www.drcoell.com

What is highest and best use? 🔍🏢📊In real estate appraisal, value is influenced not only by how a property is being used ...
07/23/2026

What is highest and best use? 🔍🏢📊

In real estate appraisal, value is influenced not only by how a property is being used today, but also by its future potential. A property may have opportunities for redevelopment, expansion, or an alternative use that better aligns with market demand and local regulations.

Determining a property's Highest and Best Use helps appraisers assess which use offers the strongest economic return while remaining practical and legally supportable. This analysis plays a key role in understanding market value and supporting informed real estate decisions.

Learn more at www.drcoell.com

Following the announcement on June 10th, the Bank of Canada has continued to keep the interest rate cut steady at 2.25% ...
07/15/2026

Following the announcement on June 10th, the Bank of Canada has continued to keep the interest rate cut steady at 2.25% as of this morning. In their press release they announced:

“Financial conditions in Canada have eased since April and global equity markets have been buoyant. US bond yields have risen, while those in Canada are little changed. This differential has contributed to the depreciation of the Canadian dollar." In addition, "Governing Council judges the current policy rate remains appropriate to sustain the economic recovery and bring inflation back to the 2% target, in line with the MPR projections. Uncertainty is still high."

The next interest rate announcement is scheduled for Wednesday September 2, 2026.

https://www.bankofcanada.ca/2026/07/fad-press-release-2026-07-15/

How is Remaining Economic Life calculated?Remaining Economic Life (REL) refers to the estimated period during which a pr...
07/09/2026

How is Remaining Economic Life calculated?

Remaining Economic Life (REL) refers to the estimated period during which a property’s improvements continue to contribute value. It is a key concept in real estate appraisal, helping inform depreciation, value, and investment decisions.

REL is determined by subtracting the effective age of a property from its total economic life. Understanding this calculation provides valuable insight into a property’s current condition and long-term performance.

Learn more at www.drcoell.com

🍁 Canada Day 🍁Happy Canada Day! Today we’re marking the occasion and taking a moment to appreciate the communities we’re...
07/01/2026

🍁 Canada Day 🍁

Happy Canada Day! Today we’re marking the occasion and taking a moment to appreciate the communities we’re proud to be part of across the country. Wishing everyone a fun and enjoyable day of celebration.

Please note that our office is closed today, July 1, and will reopen tomorrow during regular business hours.

— D.R. Coell & Associates

👔 Happy Father’s DayWe hope everyone had a wonderful Father’s Day weekend celebrating the fathers and father figures who...
06/22/2026

👔 Happy Father’s Day

We hope everyone had a wonderful Father’s Day weekend celebrating the fathers and father figures who play such an important role in our lives.

Wishing all the dads, both within our team and across our community, a very happy Father’s Day.

Swapped the office for the ballpark with The Victoria HarbourCats Baseball Club ⚾A fun night out with the team, hard to...
06/18/2026

Swapped the office for the ballpark with The Victoria HarbourCats Baseball Club ⚾

A fun night out with the team, hard to beat great company and a local game!

Following the announcement on April 29th, the Bank of Canada has continued to keep the interest rate cut steady at 2.25%...
06/10/2026

Following the announcement on April 29th, the Bank of Canada has continued to keep the interest rate cut steady at 2.25% as of this morning. In their press release they announced:

“Governing Council decided to maintain the policy rate at 2.25%. Economic activity in Canada has been weak and uncertainty about US trade policy persists. The conflict in the Middle East is ongoing and oil prices remain elevated. Governing Council is continuing to look through the war’s near-term impact on headline inflation, but will not let higher energy prices become persistent inflation."

The next interest rate announcement is scheduled for Wednesday July 15, 2026.

https://www.bankofcanada.ca/2026/06/fad-press-release-2026-06-10/

What is Economic Life in real estate appraisal?Economic life refers to the period during which a property’s improvements...
06/04/2026

What is Economic Life in real estate appraisal?

Economic life refers to the period during which a property’s improvements add value to the overall property. Factors like regular maintenance, renovations, and functional updates can extend economic life, while deferred upkeep or obsolescence can shorten it. Understanding economic life is essential when assessing value, depreciation, and long-term investment performance.

Learn more at www.drcoell.com

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2298 Bowker Avenue
Victoria, BC
V8R2E4

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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