BC Assessment releases latest property values
Property owners in B.C. can now see the most recent value of their home. On Tuesday, BC Assessment updated its database to reflect the market value of homes based on estimates as of July 1, 2023.
Bryan Murao, an assessor with B.C. Assessment said this year’s findings were unlike others, adding the organization found relative stability in home values.
“Most properties in the province changed only between minus five to plus five per cent,” he said. “I haven’t seen numbers that small for at least a few years.”
The November market report from the Real Estate Board of Greater Vancouver found the average price of a home in the region increased just under five per cent between November 2022 and November 2023.
According to the report, there was also a steady increase in housing inventory across Metro Vancouver.
In the report, Andrew Lis, the director of economics and data analytics with REBGV, said the increase in supply is creating balanced conditions across Metro Vancouver’s housing market.
"We’ve been watching the number of active listings in our market increase over the past few months, which is giving buyers more to choose from than they’ve been used to seeing over the past few years,” Lis said.
B.C. Assessment also released a list of its top 500 most valued residential properties in the province. At number one is Chip Wilson’s Kitsilano property, assessed at nearly $82 million.
CTVNews.ca Top Stories
Quebec man who threatened Trudeau, Legault online sentenced to 20 months in jail
A Quebec man who pleaded guilty to threatening Prime Minister Justin Trudeau and Premier François Legault has been sentenced to 20 months in jail.
Grandparents killed in wrong-way crash on Hwy. 401 identified
A 60-year-old man and a 55-year-old woman killed in a wrong-way crash on Highway 401 earlier this week have been identified by the Consulate General of India in Toronto.
The kids from 'Mrs. Doubtfire are all SUPER grown up now, and we're not OK
The adorable trio of child actors from the 1993 classic comedy 'Mrs. Doubtfire,' which starred the late and great Robin Williams, are all grown up and looking back on their seminal time together.
Parliamentary report on Emergencies Act decision is 18 months past due — and counting
The erstwhile group of senators and MPs studying the federal government's invocation of the Emergencies Act over the "Freedom Convoy" was supposed to present its findings in December. December of 2022, that is.
Drone footage shows Ukrainian village battered to ruins as residents flee Russian advance
The Ukrainian village of Ocheretyne has been battered by fighting, drone footage obtained by The Associated Press shows. The village has been a target for Russian forces in the Donetsk region of eastern Ukraine.
Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas
A delegation of the Palestinian militant group Hamas was in Cairo on Saturday as Egyptian state media reported "noticeable progress" in ongoing cease-fire talks with Israel while an Israeli official downplayed the prospects for a full end to the war.
Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video
Saing Chhoeun was locked out of his Charlotte, N.C., home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were met with a shower of gunfire from the direction of his neighbor's house.
Britney Spears 'home and safe' after paramedics responded to an incident at the Chateau Marmont, source tells CNN
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.