Burnaby Now January 9 2020

Page 1

NEWS 3

OPINION 6

COMMUNITY 11

Details needed on data hack Meet Burnaby’s first baby

Street shooting injures teen

5

THINGS TO DO THIS WEEKEND THURSDAY, JANUARY 9, 2020

There’s more at Burnabynow.com

LOCAL NEWS – LOCAL MATTERS.

SEE PAGE 13

TREE-MENDOUS EFFORT: Burnaby firefighter Brent Godin carries a Christmas tree to the chipper during a special event on Saturday at Burnaby City Hall. People dropped off their trees and money was collected to help fund the city’s annual warming centres for people who are homeless. PHOTO JENNIFER GAUTHIER

Burnaby house values see double-digit drop The value of single-family houses has cratered in Burnaby, according to the 2020 assessments. BC Assessment says owners of more than 1,040,000 properties throughout the Lower Mainland can expect to receive their 2020 assessment notices, which reflect market value as of July 1, 2019. The numbers are dire if

you are an owner – or positive for anyone on the outside of home ownership fed up with the affordability crisis. According to BC Assessment, the typical assessed value of single-family houses dropped 10% – to $1,363,000 from $1,512,000. Strata properties, like condos and townhouses,

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dropped 9% – to $569,000 from $623,000. “The Lower Mainland residential real estate market continues to see signs of moderation,” said BC Assessment’s Brian Smith, in a news release. Burnaby managed to be marginally better than some other Metro Vancouver communities. The biggest drops were

seen in single-family home values in West Vancouver and UBC, both down 16 per cent year over year, followed by Richmond’s detached houses, down 14 per cent, and then Vancouver, Coquitlam and North Vancouver single-family homes – all down 11 per cent. BC Assessment’s website at bcassessment.ca includes more details about 2020 as-

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sessments, property information and trends such as lists of 2020’s top valued residential properties across the province. Only one Burnaby home is listed in the top 50 of B.C.’s most valuable residential properties. It comes in at No. 47 and it’s owned by music superstar Michael Bublé and reportedly includes an under-

ground hockey rink. According to BC Assessment, Bublé’s home at 7868 Government Rd. has dropped $1,160,000 in value to $20,506,000. The next most valuable Burnaby residential property is a home at 7629 Burris in Buckingham Heights that is valued at $10.2 million. It landed at No. 484 on the top-500 list.

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