FORT ST. JOHN -- BC Assessment is delivering its 2022 assessment notices to about 250,000 property owners across Northern BC, and homeowners should expect to see an increase in their assessment this year.
Across the Peace Region, properties – including single-family dwellings – saw an average increase of about 7 per cent in their assessment this year.
The 2022 assessed values reflect market values as of July 1, 2021, according to BC Assessment.
"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 Northern BC Deputy Assessor Beau Rossel.
But strata properties, such as a condos and townhouses in Fort St. John saw a decrease in the assessed valued.
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 summaries below provide 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:
|
|
|
|
|
|
Chetwynd |
$232,000 |
$245,000 |
+6% |
|
Dawson Creek |
$241,000 |
$261,000 |
+8% |
|
Fort St John |
$308,000 |
$329,000 |
+7% |
|
Hudson's Hope |
$163,000 |
$173,000 |
+6% |
|
Mackenzie |
$143,000 |
$157,000 |
+10% |
|
Northern Rockies RM |
$114,000 |
$130,000 |
+13% |
|
Pouce Coupe |
$188,000 |
$204,000 |
+9% |
|
Prince George |
$333,000 |
$401,000 |
+20% |
|
Taylor |
$213,000 |
$205,000 |
-4% |
|
Tumbler Ridge |
$132,000 |
$145,000 |
+10% |
*All data calculated based on median values.
These examples demonstrate market trends for strata residential properties (e.g. condos/townhouses) by geographic area for select Northern BC urban centres:*
|
|
|
|
|
|
Prince George |
$186,000 |
$219,000 |
+18% |
|
Fort St John |
$215,000 |
$196,000 |
-9% |
|
Dawson Creek |
$196,000 |
$193,000 |
-1% |
