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Inside look at NWSS COMMUNITY 9
A look back at 2020 stories THURSDAY JANUARY 7, 2021
LOCAL NEWS – LOCAL MATTERS
6FT APART newwestrecord.ca
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PICKLEBALL: Farhang Fana plays pickleball in Moody Park with partner Hary (left) and opponent Tom Locke (right). (Note: this photo was taken early in December before more recent public health orders involving masks were introduced.) PHOTO JENNIFER GAUTHIER
New West home values up in latest assessments Theresa McManus tmcmanus@newwestrecord.ca
As assessment notices start arriving in mailboxes across British Columbia, property owners in most Lower Mainland municipalities will notice their as-
sessments have increased in 2021. BC Assessment is now sending out 2021 assessment notices to owners of more than 1,056,000 properties throughout the Lower Mainland. These notices reflect
market value as of July 1, 2020. “Despite COVID-19, the Lower Mainland residential real estate market has been resilient,” BC Assessment deputy assessor Bryan Murao said in a news release.
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“For the most part, homeowners can expect relatively moderate increases in value.This incredible strength is a stark contrast to last spring, when the market came to a temporary standstill, whereas the remainder of
the year had a very steady and rapid recovery.” According to BC Assessment, a typical singlefamily home in NewWestminster that was assessed at $1,054,000 in 2020 (as of July 1, 2019) has an assessed value of $1,119,000
in 2021, which is a 6% increase.That’s on par with the 6% increases in communities including Burnaby, Coquitlam, Port Moody, Richmond, Delta, Sechelt, Chilliwack and Maple Ridge. Continued on page 3
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