B.C. property assessment values expected to rise up to 15%
Victoria, B.C., is pictured. (CTV News)
Most homeowners will see their property assessment values increase next year when BC Assessment's latest figures are released in January.
The corporation expects assessment values to increase by an average of five to 15 per cent compared to last year.
The assessments are based on values determined on July 1 of this year, and are compared to the same time period from the year before.
"Since July 1, we know that the real estate market has changed as interest rates continue to rise and overall sales volume has declined," said Bryan Murao, assessor with BC Assessment, in a release Monday.
"As a result, your next property assessment will likely be higher than what the current market value might be, but that will be the same for everyone," he said.
BC Assessment notes that if your property assessment value increases, that may not necessarily mean your property taxes will rise as well.
"Taxes are typically only affected if you are above the average value change for your community," said Murao.
"Our job is to make sure your assessment is a fair and accurate reflection of market value sales based on July 1," he said.
BC Assessment says its estimate that properties will increase in value by an average of five to 15 per cent is preliminary.
Confirmed property assessment information will be released on Jan. 3, 2023.
British Columbians will be able to search and compare 2023 property assessments through the BC Assessment website starting on Jan. 3.
CTVNews.ca Top Stories
PM Trudeau presenting premiers with health-care funding offer today
Prime Minister Justin Trudeau will be presenting the federal government's offer for billions in new health-care funding to the provinces and territories at a highly anticipated meeting in Ottawa today.
Canadians now expect to need $1.7M in order to retire: BMO survey
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
U.S. actor facing sex charges in Nevada also facing charge in B.C.
A former actor in the movie 'Dances With Wolves' who is facing eight sex-related charges in Nevada is also facing a charge in British Columbia.
Quake deaths pass 5,300 as Turkiye, Syria seek survivors
Search teams and emergency aid from around the world poured into Turkiye and Syria on Tuesday as rescuers working in freezing temperatures dug, sometimes with their bare hands, through the remains of buildings flattened by a powerful earthquake. The death toll soared above 5,300 and was still expected to rise.
National shortage of veterinarians puts pressure on clinics, pet owners
Canada’s yearslong shortage of veterinarians was exacerbated during the pandemic, as more people welcomed pets into their homes to add joy and companionship during lockdowns. Now, concerns around quickly accessing medical care for animals is more urgent than ever, says one vet.
Why wasn't the suspected Chinese spy balloon shot down over Canada?
Critics say the U.S. and Canada had ample time to shoot down a suspected Chinese spy balloon as it drifted across North America. The alleged surveillance device initially approached North America near Alaska's Aleutian Islands on Jan 28. According to officials, it crossed into Canadian airspace on Jan. 30, travelling above the Northwest Territories, Alberta and Saskatchewan before re-entering the U.S. on Jan 31.
U.K. police officer, exposed as serial rapist, jailed for life
A former London police officer was sentenced Tuesday to life in prison with a minimum term of 30 years for raping and sexually assaulting a dozen women over a 17-year period.
Astronomers locate potentially habitable exoplanet 31 light years away
Astronomers have discovered a rocky exoplanet about a few dozen light years away from Earth with conditions that could make it habitable.
Nova Scotia man finds possible historic Killick anchor on beach
John Benoit of West Jeddore, N.S., says he has been beachcombing for over 50 years, but his most recent discovery -- a Killick anchor -- is by far his most memorable.
Vancouver
-
'A largely absent resource': Those who call on Vancouver's police-based mental health team hope funding boost will improve service
There’s so much demand for Vancouver’s mental health emergency teams that people can be left waiting days, and sometimes teams never make it to requests for service at all. It’s hoped a funding boost to hire more staff will increase capacity of the service.
-
U.S. actor facing sex charges in Nevada also facing charge in B.C.
A former actor in the movie 'Dances With Wolves' who is facing eight sex-related charges in Nevada is also facing a charge in British Columbia.
-
Dog named Kujo likely to 'kill or injure,' B.C. court rules in euthanasia decision
A dog named Kujo will be euthanized after a B.C. judge determined the animal is "likely to kill or injure" if released from the pound.
Edmonton
-
More than 2,000 parking tickets handed out as residential parking ban ends: city
The city says the phase 2 residential parking ban will be lifted Tuesday at 7 p.m.
-
Bomb threat made against Sylvan Lake school: RCMP
A school in Sylvan Lake, Alta., was evacuated Tuesday morning after a bomb threat, RCMP said.
-
PM Trudeau presenting premiers with health-care funding offer today
Prime Minister Justin Trudeau will be presenting the federal government's offer for billions in new health-care funding to the provinces and territories at a highly anticipated meeting in Ottawa today.
Toronto
-
BREAKING
BREAKING | 'We are desperate': Family of slain Toronto tech CEO announces $250,000 reward in unsolved murder case
Nearly five years after Matthew Staikos was gunned down in Toronto, the family of the tech CEO has announced a $250,000 reward in the unsolved murder case.
-
European family moves to Toronto in long-term Airbnb. A 'loophole' got them an eviction notice midway
For a Switzerland professor contracted to work in Ontario for a year, Airbnb looked like the right option for a family of five.
-
Video emerges of moments before former child actor was fatally run down on the Danforth
Surveillance video of the moments before a former child actor was run down by a vehicle on the Danforth has been obtained by CTV News Toronto as police search for the driver.
Calgary
-
Smith joins premiers in Ottawa to talk to Trudeau about health care, just transition
Canada's premiers are in Ottawa to meet with the prime minister over access to more health care funding. But that's not all Alberta Premier Danielle Smith has on her mind.
-
Canadians now expect to need $1.7M in order to retire: BMO survey
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
-
U.S. actor facing sex charges in Nevada also facing charge in B.C.
A former actor in the movie 'Dances With Wolves' who is facing eight sex-related charges in Nevada is also facing a charge in British Columbia.
Montreal
-
Boy, 16, fatally struck in Laval parking lot by snow loader
A 16-year-old boy has died after being struck by a snow clearing truck in the parking lot of Les Galeries Laval shopping mall on Monday night.
-
Montreal gets record number of pothole claims in 2022
The City of Montreal logged a record number of pothole claims in 2022 as the city continues to spend in the millions to patch over as many as it can.
-
'I feel so bad': Montrealers reeling, sending help after deadly earthquake rocks Turkiye
As the search continues for survivors, people in Quebec's Turkish community are doing what they can to help.
Atlantic
-
Man found dead behind Nova Scotia Power substation in Stellarton
A man has been found dead behind a Nova Scotia Power substation in Stellarton, N.S. Police are investigating the incident as a possible theft.
-
Striking CBU faculty members ratify contract offer, ending nearly two-week strike
Striking Cape Breton University faculty members have ratified the university's most recent contract offer.
-
Two people charged after 1.6 kg of fentanyl, 200 grams of cocaine seized from P.E.I. home
A man and a woman from Cornwall, P.E.I., have been charged with drug trafficking and firearm offences after drugs and guns were seized from a home in the town.
Winnipeg
-
'Everybody's begging for help': Winnipeg family mourning loss of relatives from Turkiye earthquake
A Winnipeg family is in mourning after two of their relatives were killed by the earthquake that caused destruction across southeast Turkiye and neighbouring Syria.
-
'Absolute cash grab': Winnipeg residents upset with construction zone speed trap
The province is building an interchange at St Mary's Road and the South Perimeter to help traffic flow better, but some drivers who live in the area aren't happy with how speed limits are being enforced in a portion of this construction zone.
-
Man sentenced following 'savage' attack on Winnipeg bus
A 45-year-old man was sentenced for an attack on a Winnipeg Transit bus described in court as “savage, sadistic and shocking.”
Kitchener
-
'Loved what I did': Google layoffs impact Waterloo region employees
Some Waterloo region Google employees are now jobless after the tech company announced cuts.
-
48-year-old woman dies after Wellington County crash
Ontario Provincial Police (OPP) in Wellington County are investigating a fatal two-vehicle collision in the Township of Wellington North.
-
Man arrested for death threats against Kitchener, Ont. Liberal MP
A 44-year-old Woolwich, Ont., man has been arrested for allegedly making death threats against a member of parliament.
Regina
-
Here's what a global recession might mean for Saskatchewan
Talks of a global recession in 2023 remain relatively strong as the calendar reaches the second month of the year.
-
Trevor Harris expected to sign with Riders in free agency: TSN
When free agency opens in the Canadian Football League (CFL) on Feb. 14 it’s likely the Saskatchewan Roughriders will sign quarterback Trevor Harris, a TSN report says.
-
Driver faces $800 fine after speeding past emergency vehicle: Regina police
Members of the Regina Police Service's (RPS) traffic unit caught a driver travelling well over 100km/h while passing an emergency vehicle.
Barrie
-
Collingwood OPP arrest senior on child pornography charges
After a three-month-long investigation, a 69-year-old man was arrested on Feb. 2.
-
Police seek public's help after late-night shooting in Caledon
Police are seeking the public’s help locating a driver in a dark sedan they say shot a person near Palgrave, 30 minutes southwest of Barrie.
-
Barrie officer stabbed in face during crisis call
A 20-year-old woman faces an attempted murder charge after allegedly stabbing a Barrie police officer late Sunday night.
Saskatoon
-
Saskatoon police investigating suspicious death
Saskatoon Police Service (SPS) is restricting traffic on range road 3062 as they investigate a suspicious death in the area.
-
Man accused of killing Saskatoon youth advocate will plead guilty to manslaughter
A man accused of killing a Saskatoon youth advocate and volunteer has arranged a plea deal, according to his defence lawyer.
-
Saskatchewan residents prefer cats over dogs, survey finds
While 56 per cent of Canadians prefer dogs over cats, in Saskatchewan the opposite is true, according to a new survey.
Northern Ontario
-
Northern highways reopen following brief closure due to weather
Several highways in northeastern Ontario are reopened after a winter storm created hazardous road conditions Tuesday morning.
-
Netflix to begin password sharing crackdown in Canada. What you need to know
Netflix users who have been sharing their passwords with friends and family members who live hundreds – or even thousands – of kilometres away won’t be able to do so for much longer, as the streaming service announced its plans to end password sharing.
-
U.S. 6-year-old who shot teacher allegedly tried to choke another
A 6-year-old Virginia boy who shot and wounded his first-grade teacher constantly cursed at staff and teachers, chased students around and tried to whip them with his belt and once choked another teacher 'until she couldn't breathe,' according to a legal notice filed by an attorney for the wounded teacher.