Jane Seyd, North Shore News, Jan 11, 2019
While property assessments for single-family homes have been falling across the North Shore, commercial assessments have been heading in the opposite direction —clocking in with dramatic increases for the second year in a row.
That has a number of owners worried about what it could mean for taxes – and the viability of local businesses – in the future.
Ross Forman of Re/Max,
North Shore Outlook, January 12, 2009
More posh homes in the Lower Mainland now have assessed values of more than $1 million, despite the ongoing slide in real estate prices.
That’s because the province capped this year’s assessments at the lowest value of the past two years, so the new numbers don’t reflect the deteriorating market prices of the last several months.
Landcor Data Corporation, which analyzed the region’s property assessments,