2009 Property Assessments
In January 2009, BC Assessment will be providing property owners with the market value of their property as of both July 1, 2007 and July 1, 2008. Whichever value is lower will become the 2009 assessed value of your property. This move is meant to provide "stability for homeowners concerned about fluctuating property values."
It is important to note that only your property assessment is frozen, not your taxes.
To learn more about the government's changes and how they will affect your North and West Vancouver real estate, click here.