Property owners throughout BC received their Property Assessment Notice the first week of January. This notice is BC Assessment’s (BCA) estimate of a property’s value as of July 1, 2010.
BC Assessment is the BC government agency responsible for determining and reporting property value estimates.
“The majority of homes in Metro Vancouver are worth more on this year’s assessment roll than they were on the 2010 assessment roll,” said Jason Grant, Area Assessor, Vancouver Sea to Sky region. “Most homes will see increases in the 5 per cent to 15 per cent range.”
Throughout Metro Vancouver values have substantially increased in most areas. They’re up:
- 17.14% in Richmond,
- 13.03% in West Vancouver,
- 12.17% in Vancouver,
- 12.07% in Burnaby,
- 9.22% in Delta,
- 9.12% in Coquitlam,
- 9.11% in New Westminster,
- 8.84% in North Vancouver District,
- 8.78% in Port Coquitlam,
- 8.05% in North Vancouver City,
- 7.58% in Port Moody,
- 6.44% in Pitt Meadows,
- 5.54% in Maple Ridge ,
- 1.99% in Squamish.
Values decreased in Whistler 2.06% and in Pemberton 1.87%.
For specific details on changes in values, visit www.bcassessment.ca .Source: Real Estate Board of Greater Vancouver