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Prince George up 20% - Northern BC 2022 Property Assessments

Reprinted from BC Assessment Authority: 


PRINCE GEORGE — In the next few days, owners of almost 250,000 properties throughout Northern BC can expect to receive their 2022 assessment notices, which reflect market value as of July 1, 2021.


"All during the pandemic, the real estate market has remained robust across the province including higher demand throughout Northern BC, which has resulted in higher 2022 assessment values for most homeowners in the region," says Northen BC Deputy Assessor Beau Rossel. “Northern BC property values for most communities are generally up five to 35 percent with only a couple of exceptions.” 
 
As B.C.'s trusted provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year. 
 
Overall, Northern BC’s total assessments increased from over $72 billion 
in 2021 to over $81.7 billion this year. A total of about $1.24 billion of the region’s updated assessments is from new construction, subdivisions and the rezoning of properties. 
 
The Northern BC region encompasses approximately 70 per cent of the province: stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haidi Gwaii and to the south, just north of Clinton.
 

The summaries below provides estimates of typical 2021 versus 2022 assessed values of properties throughout the region.  These examples demonstrate market trends for single-family residential properties by geographic area:*


Click on this link to see values by city/town - https://info.bcassessment.ca/news/Pages/Northern-BC-2022-Property-Assessments-in-the-Mail.aspx


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