BC Assessment says in a statement that most owners can expect to see a five to 15 per cent rise in values when notices are issued Jan. 3.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The 2023 property assessments will be posted online at bcassessment.ca, along with regional news releases with detailed value changes by community, lists of top-valued homes and other market movement trends. “Since July 1, we know that the real estate market has changed as interest rates continue to rise and overall sales volume has declined,” assessor Bryan Murao says in the statement.
“As a result, your next property assessment will likely be higher than what the current market value might be, but that will be the same for everyone.”
Two year rise in Property Values were ignited by the enormous flow of 'Dirty Blood Money.' The money launders are the ones responsible for a 48% rise in Real Estate right through Covid. Covid was very good cover for Organised Crime. High prices will eventually fall like a rock.
Keep killing the residents of BC…clowns raising costs of everything 🤦♂️
More property tax
Way overpriced. Just need a couple of more interest rate hikes and affordability will come back into the market.
The higher the better!!
Cool