Home values rise in islands municipalities

Home values rose in all three Haida Gwaii municipalities last year.

The biggest year-to-year change was in Masset, where BC Assessment found that as of July 1, 2018 the median value of a single-family home rose to $97,900 — up 12 per cent from the median value of $86,750 in 2017.

In Port Clements, the median value for a single-family home was up nine per cent, rising to $68,800 from $63,500 the year before.

Together with Masset, Port Clements stands out as one of only five of the largest 34 municipalities in northern B.C. where the median value of a single-family home remains less than $100,000. The others are Stewart, Wells, and Granisle.

In Queen Charlotte, meanwhile, the median assessed value of a single-family home rose to $167,300 in 2018, up 11 per cent from $150,400.

Haida Gwaii property owners should have received an updated assessment in the mail. Any owners concerned that their assessment is incorrect have until Jan. 31 to launch an independent review by phoning 1-866-valueBC or using the bcassessment.ca website, which also features an interactive map showing the latest assessments for all private properties on the islands.

Across B.C.’s northern region, which stretches from Haida Gwaii to the Alberta border, and from just north of Clinton up to the Yukon, the total value of all assessed properties rose to $65.7 from $61.5 billion.

About a quarter of the $4.2-billion increase in value was due to new construction, new subdivisions, or rezoning.

Across the north, Kitimat saw some of the biggest changes in real estate last year. A decision to build the $40-billion LNG Canada plant drove up home sales in the latter part of the year, pushing up the median value of a Kitimat home by 20 per cent to $235,300. In Prince Rupert, values rose to $268,000 from $264,300.

Once again, in 2018 the top 10 most highly valued properties in B.C. were all in Vancouver, led by Lululemon founder Chip Wilson’s $73.1-million property in Point Grey.

However, even that sky-high property saw a slight drop in value last year, as did most homes in metro Vancouver. Starting at $1.82 million in 2017, by last summer the median value of a Vancouver single-family home fell to a measly $1.75 million.

Just Posted

Masset fishing derby proves to be a catch

All ages participated in the competition to bring in the top salmon and halibut hauls

Yarn Bombing mastermind is back in town

Big Canada Day longweekend in the works

Maritime Museum project receives legacy grant

A special project of the Dixon Entrance Maritime Museum Society has been… Continue reading

Richardson Ranch celebrating 100 years of family and ranching in Haida Gwaii

Tlell Polled Hereford’s continue to win awards while the ranch becomes a popular spot for visitors

Sustainble economy flourishing in Haida Gwaii and Great Bear Rainforest thanks to First Nations investments

From 2008-2018, funding initiatives led to more than $286 million in new investments

VIDEO: Trans Mountain expansion project gets green light, again

Prime Minister Justin Trudeau announced the decision in Ottawa on Tuesday afternoon

MPs hear retired B.C. nurse’s petition to change compensation for fatal medical errors

Teri McGrath wants provinces to implement no-fault system for medical errors

Horgan says he’ll still defend B.C. coast after second Trans Mountain approval

Meanwhile, one B.C. First Nation has announced plans for a legal challenge

Demonstrators on either side of Trans Mountain debate clash in Vancouver

Crowd heard from member of Indigenous-led coalition that hopes to buy 51% of expansion project

Grieving B.C. mom hopes Facebook message leads to new investigation into son’s Surrey homicide

Criminal Justice Branch didn’t lay charges, concluding no substantial likelihood of murder or manslaughter conviction

B.C.’s measles vaccination program gains traction in May

More than 15,000 doses of the MMR vaccine has been administered across the province

B.C. farmers concerned Agricultural Land Reserve changes choking their livelihood

Dozens voice concerns at special meeting hosted on Vancouver Island

UPDATE: Two-year-old involved in Chilliwack pool drowning has died

Toddler was reported to not be breathing as air ambulance called out Thursday afternoon

Family frustrated Terrace dad with advanced cancer must wait weeks for treatment

‘We can see his health declining every day,’ daughter says

Most Read