What was your property worth on July 1? It matters for 2017
The Greater Vancouver real estate market has seen increased activity in 2016 with residential and commercial values showing significant increases. 2017 property assessment values will reflect what was happening around BC Assessment's uniform valuation date of July 1.
"The preliminary market analysis for 2017 property assessments indicates significant increases over last year's assessment values," says Assessor Jason Grant. "Increases of 30 to 50 per cent will be typical for single-family homes in Vancouver, North Shore, Squamish, Burnaby, Tri-Cities, Richmond and Surrey. Typical strata residential increases will be in the 15 to 30 per cent range."
Visit bcassessment.ca to access 2017 property assessment information.