In its annual report, B.C Assessment has stated that total real estate value within the province has risen 6 % over the course of 2011, but with both cities that fared well and poorly.
A total of almost 19,000 home owners in Whistler and Pemberton are seeing decreases in property values as much as 15 per cent compared to last year.
Faring better are cities such as Vancouver where owners will be seeing quite an increase ranging from 10 to 25 per cent. Parts of Richmond were also seeing significant increases as well, ranging from 5 per cent to as much as 30 per cent for single-family dwellings.
The local government will be using the property assessments to calculate 2012 property taxes.
For more details and a list of the biggest winners and losers in B.C.’s home value assessment, please click on the link below:
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