2017 B.C. Assessment preview: Commercial property values increase up to 30 per centDecember 28, 2016 11:35 pm
On Jan. 3, the 2017 BC Assessment property values will be released. Those figures will show an up to 30 per cent increase in commercial and industrial property values, according to a series of previews released today.
“The preliminary market analysis for 2017 property assessments indicates significant increases over last year’s assessment values,” says Jason Grant, assessor for BC Assessment. The total value of real estate in the 2016 B.C. Assessment was $1.34 trillion, up 11.1 per cent from 2015.
Commercial real estate in the Greater Vancouver region will see an increase of 10 to 30 per cent over 2016’s commercial property values, the release states. BC Assessment’s evaluation of Greater Vancouver includes Vancouver, the North Shore, Squamish, Burnaby, the Tri-Cities, Richmond and Surrey.
Categorized in: Western Investor