Each month in this column I write about a topic which is important to local businesses and top of mind at the Burnaby Board of Trade.
Lately, there is nothing that’s been getting our members talking more than the release of BC Assessment’s property valuations for 2019 and what they might mean for property taxes.
The assessment authority, this week, started mailing 2019 property assessments to owners, based on market values as of July 1, 2018, which show declining values in Metro Vancouver for the first time in about a decade.
Assessments offer a bit of a “backward look” at changes in markets, said demographer Andy Yan, director of the City Program at Simon...