British Columbia property assessment notices are in the mail, and Metro Vancouver homeowners are being told to expect a dip in the value of their properties.
It is the first time in the last 20 years that B.C.’s total property assessment values have gone down, according to BC Assessment.
The biggest drops for detached homes are expected in West Vancouver and the University Endowment Lands (16 per cent), Richmond (14 per cent) and Vancouver, Coquitlam, Port Moody and North Vancouver (11 per cent), according to BC Assessment.