2020-01: BC Assessment, latest property valuations

2020-01: BC Assessment, latest property valuations

After a few years of rapid increases in property values, the latest assessments show declines for most areas. The assessment date is July 1, 2019, a 6 month lag.

Image above is from two minute video file from Global News, available here: Lower Mainland assessed home values dip after sluggish year for real estate market.

“It is the first time in the last 20 years that B.C.’s total property assessment values have gone down, according to BC Assessment.

The biggest drops for detached homes are expected in West Vancouver and the University Endowment Lands (16 per cent), Richmond (14 per cent) and Vancouver, Coquitlam, Port Moody and North Vancouver (11 per cent), according to BC Assessment.”
From Global News article, link above.

Image below from BC Assessment, which has much more data available. To use the interactive map, click here.

BC Assessment website: https://www.bcassessment.ca/

Anyone wishing to appeal their assessment should contact BC Assessment without delay, as notices of appeal must be filed by the end of January.

MCCA post from one year ago:
BC Assessments — 2019 (valuation from July 1, 2018)

The Moody Centre Community Association (MCCA) welcomes your comments.

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