Joanne Lee-Young, Vancouver Sun, January 5, 2016
The average value of detached homes has broken through $1 million in more than 50 additional Metro Vancouver neighbourhoods, 2016 assessment figures show.
“It’s a little, depressed area,” Realtor Jason Weinman said of the Multiple Listing Service-defined zone of Lynnmour on the North Shore. There’s not much to this zone between the end of the Ironworkers Memorial Bridge and Capilano University,
Derrick Penner, Vancouver Sun, January 4, 2016
Increases in property assessments pushed as many as 55,000 British Columbia homeowners over last year’s $1.1 million threshold for receiving the provincial homeowners grant on their property tax prompting a new call for the government to revise the program to cushion the impact of a hot real estate market.
BC Assessment on Monday released 2016 assessments for some two million properties and hot markets in the Metro Vancouver pushed residential assessed values to some of their biggest increases in more than 30 years,