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% to 15% range.”
Throughout Metro Vancouver values have substantially increased in most areas. They’re up 17.14 per cent in Richmond, 13.03 per cent in West Vancouver, 12.17 per cent in Vancouver, 12.07 per cent in Burnaby, 9.22 per cent in Delta, 9.12 per cent in Coquitlam, 9.11 per cent in New Westminster, 8.84 per cent in North Vancouver District, 8.78 in Port Coquitlam, 8.05 in North Vancouver City, and 7.58 per cent in Port Moody, 6.44 per cent in Pitt Meadows, 5.54 per cent in Maple Ridge and 1.99 per cent in Squamish.
Values decreased in Whistler by 2.06 per cent and in Pemberton by 1.87 per cent.
For specific details on changes in values, visit www.bcassessment.ca and go to Information about the 2011 roll and then the 2011 Market Movement Map.By Shaz Karim, Friday, January 14th, 2011