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British Columbia Assessment Notices Showcase Declining Residential Values in Metro Vancouver

CoStar Insight: Industrial Properties Nevertheless Posted Major Increases in Assessed Values
Residential assessed values saw sharp declines in Vancouver, however industrial properties increased in value upwards of 25% (Stewart/Flickr)
Residential assessed values saw sharp declines in Vancouver, however industrial properties increased in value upwards of 25% (Stewart/Flickr)
By Jamil Jamani
CoStar Analytics
January 10, 2020 | 6:48 P.M.

With the new year upon us, property owners across British Columbia should have received their assessed property values from British Columbia’s crown corporation, BC Assessment. With over 1 million properties assessed in the Lower Mainland, the total value of real estate topped $1.41 trillion, down by 5% from the previous year.

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News | British Columbia Assessment Notices Showcase Declining Residential Values in Metro Vancouver