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
Blaine Higgs 'furious' over sexual education presentation
New Brunswick Premier Blaine Higgs has shared his anger on social media over a presentation in at least four high schools.
Driver, 18, gets $3,000 ticket, 32 demerit points after speeding on Laval boulevard
A young driver received a hefty fine from Laval police after they say he was driving nearly 100 km/h over the posted speed limit.
This type of screen time has the worst effect on kids: experts
According to some experts, there is one type of screen time that is continuously excessive, and it's having a severe effect on our children.
Trump confronts repeated boos during raucous Libertarian convention speech
Donald Trump was booed repeatedly while addressing Saturday night’s Libertarian Party National Convention.
Grayson Murray, two-time PGA Tour winner, dead at 30
Two-time PGA Tour winner Grayson Murray died Saturday morning at age 30, one day after he withdrew from the Charles Schwab Cup Challenge at Colonial.
Man throws flaming liquid on New York City subway, burns fellow rider
A man set a cup of liquid on fire and tossed it at fellow subway rider in New York City, setting the victim's shirt ablaze and injuring him.
At least 9 dead in Texas, Oklahoma and Arkansas after severe weather roars across region
Powerful storms killed at least nine people and left a wide trail of destruction Sunday across Texas, Oklahoma and Arkansas after obliterating homes and destroying a truck stop where drivers took shelter during the latest deadly weather to strike the central U.S.
As Canada warms, infectious disease risks spread north
Cases of Lyme disease have now increased more than 1,000 per cent in a decade as the warming climate pushes the boundaries of a range of pathogens and risk factors northward.
12 people injured after Qatar Airways plane hits turbulence on way to Dublin
Twelve people were injured when a Qatar Airways plane flying from Doha to Dublin on Sunday hit turbulence, airport authorities said.