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Sun Peaks dominates property-value list
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After property values dropped last year in a number of Kamloops neighbourhoods and in Sun Peaks, this year’s provincial-assessment rolls are showing only minute changes for most areas in 2013.
The latest B.C. Assessment rolls have the average home value for most Kamloops neighbourhoods increasing or decreasing by less than one per cent.
Average home values decreased slightly in Westmount, Batchelor Heights, Valleyview, Westsyde, Aberdeen, Dufferin and on the North Shore, while Juniper Heights, Sahali and South Sahali saw slight increases.
Barnhartvale saw a six per cent jump. In that area, the average property value has increased to $368,190 from $346,849 in 2012.
Graham Held, a deputy assessor with B.C. Assessment, said the increase in Barnhartvale is likely attributable to increased construction in the area.
Overall, Held said, most homeowners in the area will see modest increases or decreases in their assessments, which went out this week, up or down no more than five per cent.
“It’s a very stable market. We didn’t see a lot of market movement between July 1 of 2011 and July 1 of 2012,” Held said.
“That’s not just in Kamloops, that was pretty much consistent across the region.”
The Kamloops assessment roll increases to $13.88 billion in 2012 from $13.66 billion, with more than $172 million added to the rolls through new construction, rezoning and new subdivisions.
In Sun Peaks, the assessment roll declined slightly, dropping to $528 million from $530 million last year.
While most homeowners in the resort community will see value fluctuations similar to those in Kamloops, Held said that’s not true for all properties.
“We did actually have some of the high-end housing stock go up quite significantly, but there’s only a handful of properties that are in that million dollar-plus range,” he said.
In 2012, Kamloops saw modest decreases in housing value in a number of neighbourhoods, but Held said that isn’t the trend going into 2013.
“We had seen increases year after year and, in some cases, quite significant increases year after year. So, last year we did see a slight decrease in the values. But, that did not become a trend and we ended up with stability,” he said.
“Even since July 1 of 2012, we really haven’t seen a softening in values. The market seems to have hit its plateau and stabilized there.”
Property owners who feel their assessments don’t reflect market value, or who see incorrect information on their assessment, have until Jan. 31 to file an appeal with B.C. Assessment.
To view assessments online, visit bcassessment.ca.
Kamloops and area's elite abodes:
1. 4141 Douglas Ct., Sun Peaks — $3.62 million
2. 4250 Bella Vista Dr., Sun Peaks — $2.73 million
3. 4137 Douglas Ct., Sun Peaks — $2.62 million
4. 4117 Sundance Dr., Sun Peaks — $2.33 million
5. 2536 Mountain View Dr., Sun Peaks — $2.23 million
6. 4127 Sundance Dr., Sun Peaks — $2.19 million
7. 4257 Bella Vista Dr., Sun Peaks — $2.17 million
8. 4202 Bella Vista Dr., Sun Peaks — $2.14 million
9. 4221 Bella Vista Dr., Sun Peaks — $2.1 million
10. 4129 Sundance Dr., Sun Peaks — $2.09 million
16. 1490 Westerdale Dr., Aberdeen, Kamloops — $1.88 million
(highest-valued residential property in City of Kamloops)