
VICTORIA – Many soon-to-be released property assessments will show a moderating market, with more modest changes in property values compared to previous years based on trends in the real estate market as of July 1, 2019.
"We first saw signs of moderation during the 2019 property assessments," says Assessor Tina Ireland. "For 2020 assessments, we are seeing a continued ripple effect of a moderating market expanding across the province."
The map* demonstrates the forecasted ranges of typical changes in 2020 property assessments by region and property type:
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