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KAMLOOPS THIS WEEK THURSDAY
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JANUARY 5, 2017 | Volume 30 No. 2
PRICEY PROPERTIES
This property at 1490 Westerdale Court in Aberdeen is once again the top-valued residential property in the City of Kamloops, at $1.8 million. KTW FILE PHOTO
City’s average home value clears $400,000 CAM FORTEMS STAFF REPORTER cam@kamloopsthisweek.com
The average single-family home value in the City of Kamloops has crested the $400,000 mark, according to figures released Tuesday by BC Assessment. However, while Kamloops property owners will see the first notable increase in their assessment in several years, the numbers pale in comparison to the Lower Mainland market. The B.C. Assessment Authority said nearly all increases in property value within Kamloops for the assessment, set at July 1, 2016, are within the range of one to 10 per cent.
More typically, most fall within the range of five to 10 per cent. That compares to increases in Greater Vancouver of 30 to 50 per cent. In Kelowna values are up in the range of five to 30 per cent. “We really don’t see the same volatility in our market,” local acting assessor Graham Held told KTW. “Lower Mainland, Southern Vancouver Island saw very hot markets — even Kelowna to a lesser degree.” Based on the data, the average value of a Kamloops home is $408,000, an increase of $21,000 (5.4 per cent) from last year’s average value of $387,000. Of the 10 Kamloops neighbourhoods surveyed by BC Assessment, Juniper Heights has
the highest average value, at $481,000, followed by Sahali at $475,000, Aberdeen/Dufferin at $455,000 and South Sahali at $454,000. Those are followed by Valleyview ($422,000), Westmount/Batchelor Heights ($416,000), Barnhartvale ($389,000), Rayleigh/Heffley Creek ($394,000), Westsyde ($384,000) and North Shore ($304,000). The highest increase, at 7.7 per cent, was recorded in Sahali, while the lowest was seen in Rayleigh and Heffley Creek, at 3.7 per cent. Held said there is little “tax shift” in the numbers because condominiums and commercial properties rose by about the same amount as singlefamily houses. See JAN. 31, A4
Once again, Sun Peaks dominates the list of the 100 top-valued residential properties in the Kamloops-Thompson region, with eight properties in the resort municipality among the top 10, including the top 5. The list (all Sun Peaks unless otherwise noted) is led by a home at 4141 Douglas Court, valued at $3.64 million, followed by 4250 Bella Vista Dr. ($2.72 million), 4137 Douglas Court ($2.68 million), 4117 Sundance Dr. ($2.42 million), 4127 Sundance Dr. ($2.31 million), 280 Rue Cheval Noir in Tobiano ($2.24 million), 4257 Bella Vista Dr. ($2.2 million), 4133 Bella Vista Dr. ($2.17 million), 4202 Bella Vista Dr. ($2.14 million) and 920 Harwood Dr. in Blue River ($2.12 million). Within the City of Kamloops itself, a house in Aberdeen is again the most-valued residential property, with the residence at 1490 Westerdale Dr. assessed at $1.8 million. The Westerdale home is followed by 850 Lorne St. downtown ($1.6 million), 3080 Kicking Horse Dr. in Juniper Ridge ($1.59 million), 2622 Thompson Dr. in Valleyview ($1.56 million), 132 Fernie Pl. in Guerin Creek ($1.49 million), 2040 High Forest Pl. in Rose Hill ($1.46 million), 2070 High Forest Pl. in Rose Hill ($1.45 million), 1000 Fernie Rd. in Guerin Creek ($1.41 million), 6404 Chukar Dr. in Dallas ($1.41 million) and 1978 Sheffield Way in South Sahali ($1.4 million).
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KAMLOOPS LOCATIONS! Downtown - 811 Victoria Street | 250.372.3744 Aberdeen - 1517 Hugh Allan Drive | 250.372.3705 North Shore Grill & Chill - 1075 8th Street | 250.554.4390