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North Shore values holding steady Residential assessments down less than one per cent BRENT RICHTER brichter@nsnews.com
Residential property assessments across the North Shore for 2014 are coming in just an eyelash below 2013’s average numbers. BC Assessment released
the 2014 valuations Thursday showing the average assessments in the city and district of North Vancouver down less than one per cent each from last year and West Vancouver’s down about two per cent. BC Assessment analyzes all real estate transactions
over a one-year period to calculate the property value owners will be taxed on. Across the Lower Mainland and up the Sea to Sky corridor, most assessments are in range of plus or minus five per cent compared to last year. “Based on those transactions, all we can say is the property market was in a stable or holding pattern with properties holding their stored value in this
past year,” said Dharmesh Sisodraker, deputy assessor. “Exactly why that’s happening . . . the market is always cyclical.There’s going to be ups.There’s going to be downs.There’s going to be flat points and for the last two years, we’ve been in a flat point for most of the Lower Mainland, actually.” While the average property value hasn’t moved much, there are fluctuations depending
on the housing type and neighbourhood, according to BC Assessment’s report. In the City of North Vancouver, single family homes in the Westview and Grand Boulevard areas tended to go up in value, while denser development in Lower Lonsdale have seen assessments trickle downward with onebedroom condos falling from an average of $342,000 to $340,400 and three-
bedroom townhouses at $626,000, down from $650,000 the year before. “The strata/ condominium market did show a bias to being down more than up,” Sisodraker said. The District of North Vancouver too had winners and losers. Single-family homes rose about $5,000 in value to $47,000 in See Highest page 4
No snow means late start for ski mountains ANNE WATSON awatson@nsnews.com
The snow isn’t falling on the North Shore mountains yet, but that hasn’t stopped some winter revelers from flocking to the hills. Drier than usual conditions this winter have meant little to no recent precipitation, with some of the ski hills only getting a light dusting of snow last Thursday night. “The weather is unusual but not unprecedented,” said Emmalee Brunt, communications coordinator for Mt. Seymour. “So we’re staying positive.” “Our base right now is sitting roughly about 38 centimetres,” she said. “Typically we like to say we would open with a minimum of 85 centimetres.” Brunt said while the See Cypress page 4
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