Upcoming B.C. Assessment values to ‘reflect moderating market’

By Joannah Connolly / Glacier Media Real Estate
Residential sector — especially in Lower Mainland — to see lower valuations, but commercial and industrial real estate values hold firm

B.C.’s housing market may already be seeing an upswing following its recent slowdown, but price trends are lagging—and this is set to be reflected in some depressed home assessments, B.C. Assessment announced Dec. 9.Many areas of the province will see home values that “reflect B.C.’s moderating real estate markets,” according to the property valuation agency. Assessor and B.C. Assessment spokesperson Tina Ireland said, “We first saw signs of moderation during the 2019 property assessments.…

Source:: Upcoming B.C. Assessment values to ‘reflect moderating market’

December 10, 2019


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