Question of the Week | Jan. 10

Question of the Week | Jan. 10

Is the BC Assessment of Terrace property values accurate, or should it be higher or lower?

  • Jan. 8, 2019 1:30 p.m.

BACKGROUND: In anticipation of a positive LNG announcement property values in Terrace shot up nine per cent in the last half of 2018.

The BC Assessment Authority released its annual snapshot last week of the real estate market across the province from July 1, 2018 — with Terrace seeing its single-family residential properties for 2019 now averaging $312,000. In contrast, the 2017 assessment for family homes in Terrace dipped 1.3 per cent to $286,050.

FULL STORY: Home values in Terrace increase nine per cent