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CanWest News Services – Victoria Times-Colonist

Meet B.C.’s new paper millionaires

Derrick Penner, CanWest News Services – Victoria Times-Colonist, January 4, 2007

The number of real-estate millionaires in British Columbia’s skyrocketing real estate market nearly doubled in 2006.

Data from the 2007 B.C. property assessments, crunched by Landcor Data Corp., shows that B.C. is home to 51,059 properties valued at over $1 million.

That figure was 26,557 in 2006.

The biggest group of new paper millionaires were homeowners.

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