According to a report in the January 27th issue of the Vancouver planning magazine Novae Res Urbis, Vancouver city council had a presentation last week from Dharmesh Sisodraker, the deputy assessor for BC Assessment, who said overall "the total growth in the roll was 2.36 per cent, including non-market change and market components." He added "this growth can be compared to the 2.87 per cent increase for the 2013 roll." He also recalled the growth was approximately "17 per cent the year before that, so this trend shows a leveling off of values in the city over the last couple of years."
He went on to say that "four neighbourhoods have seen the greatest amount of growth in value percentage-wise since 2010 - Dunbar, Southlands, Shaughnessy and South Granville, primarily all primarily single-family neighborhoods." However, this year "values in the industrial-zoned sites in the [False Creek] flats have risen 20 to 25 per cent generally and up to 35 per cent for investment properties." Additionally, "Mount Pleasant, has had land-value increases of 30 to 40 per cent."
To learn more about this experimental mapping project please click here to visit my previous post. You will find maps showing 2014 property values overall and per sq. m. and information about how property values are related to population density and zoning.
