The overwhelming majority of residential properties in the Capital Region increased in value over the past year, and now the public can view BC Assessment's latest property valuations. BC Assessment/Citified
See how much your home, and your neighbour's, increased in value in 2017
CITIFIED.CA STAFF
Published December 29, 2017
Victorians can now view the latest assessed values for residential properties in British Columbia following an update to BC Assessment’s searchable online database.
A cross section of real-estate holdings throughout the Capital Region, dated to July 1, 2017 show values rose year-over-year by as much as 35% in the urban core, while some properties in outlying areas showed appreciation as low as 5%. Values of re-developed properties, such as the one depicted on the image at the top of this article, can show a significantly higher year-over-year assessment.
Assessed values, however, rarely represent the actual sale price of a real-estate transaction. In a hot real-estate market like Victoria’s assessed values are oftentimes 30%, 40%, even 50% lower than the market price of a home.
To view the value of a property, enter its address here. C
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