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
Woman detained in Syria says Ottawa is forcing her to make agonizing choice in order to get her kids to Canada
A woman held in a detention camp in Syria, along with her three Canadian children, says the federal government is forcing her to make an agonizing choice: relinquish custody of her kids so they can be repatriated to Canada, or keep them in the camp where the conditions are dire.
Loblaw ends No Name price freeze, vows 'flat' pricing 'wherever possible'
Loblaw will not be extending its price freeze on No Name brand products, but vows to keep the yellow label product-pricing flat 'wherever possible.'
opinion
opinion | Don Martin: Trudeau meets the moment – and ducks for cover
Based on Justin Trudeau's first-day fail in the House of Commons, 'meeting the moment' is destined to become the most laughable slogan since the elder Pierre Trudeau’s disastrous campaign rallying cry in 1972, which insisted 'the land is strong' just as the economy tanked.
Family in remote northern Ont. reeling after daughter killed in fire, home destroyed
A family in the remote First Nation community in Peawanuck, Ont., is dealing not only with the death of their young daughter, but the loss of everything they owned in a Jan. 28 house fire.
Monkeys taken from Dallas Zoo in latest suspicious incident
Two monkeys were taken from the Dallas Zoo on Monday, police said, the latest in a string of odd incidents at the attraction being investigated -- including fences being cut and the suspicious death of an endangered vulture in the past few weeks.
As B.C. decriminalizes hard drugs, users still face months-long waits for treatment
As the B.C. government decriminalizes small amounts of hard drugs, critics note there are still not enough treatment resources for the users seeking them.
Russian business offers cash bounties to destroy Western tanks in Ukraine
A Russian company said it will offer five million roubles (US$72,000) in cash to the first soldiers who destroy or capture western-made tanks in Ukraine, after the Kremlin vowed Russian forces would wipe out any Western tanks shipped to Ukraine.
Canada Post honours Chloe Cooley with stamp in time for Black History Month
A young Black woman who resisted her own enslavement in Queenston, Upper Canada, in the late 18th century is being honoured by Canada Post.
Driver in California cliff crash that injured 4 is charged
The driver of a car that plunged off a treacherous cliff in northern California, seriously injuring himself, his wife and their two young children, was charged Monday with attempted murder.
Vancouver
-
As B.C. decriminalizes hard drugs, users still face months-long waits for treatment
As the B.C. government decriminalizes small amounts of hard drugs, critics note there are still not enough treatment resources for the users seeking them.
-
Woman detained in Syria says Ottawa is forcing her to make agonizing choice in order to get her kids to Canada
A woman held in a detention camp in Syria, along with her three Canadian children, says the federal government is forcing her to make an agonizing choice: relinquish custody of her kids so they can be repatriated to Canada, or keep them in the camp where the conditions are dire.
-
ICBC finds cyclist 50% at fault after car allegedly drove over her bike
A cyclist in Chilliwack is frustrated with ICBC’s decision to find her 50 per cent at fault after a car allegedly drove over her bike in a road rage incident.
Edmonton
-
Calgary, Toronto men arrested in series of Land Rover thefts in Edmonton; 1 still wanted by police
Men from Calgary and the Greater Toronto Area have been charged in a rash of thefts of newer Land Rovers in Edmonton and police are looking for a third person.
-
'Disturbing': Smith promises change after Edmonton bus damaged, rider threatened with ice pick
A 20-year-old man has been arrested and charged after police say he caused more than $5,000 worth of damage to an Edmonton Transit Bus and threatened a female passenger, acts that drew condemnation from Alberta's premier.
-
Nature Conservancy of Canada purchases land for protection in southern Alberta
A property that includes fescue grasslands, forests and wetlands near Waterton Lakes National Park in southern Alberta has been purchased by the Nature Conservancy of Canada.
Toronto
-
Ontario woman shocked she has to pay for car repairs after hit-and-run collision
An Ontario woman said she was shocked when she had to pay for repairs after her car was struck from behind by a pick-up truck and the driver fled the scene of the collision.
-
Union Station subways and buses diverted during rush hour after reports of a person with a knife
Subways and buses were diverted away from Union Station during rush hour on Tuesday morning due to a security incident that has since been lifted.
-
Tractor trailer collision on Highway 401 in Mississauga creating major blockage
Traffic is a mess on the eastbound Highway 401 in Mississauga following a collision involving the drivers of a tractor trailer and three other vehicles.
Calgary
-
Highway 560 closed between Calgary and Chestermere, 'multiple vehicles in ditch'
A section of highway between the cities of Calgary and Chestermere was closed to traffic during Tuesday morning's commute after multiple vehicles left the road.
-
UCP holds narrow lead with upcoming election set to be political horserace: ThinkHQ
A new political poll crafted by ThinkHQ Public Affairs says if an election were held in Alberta today, voters would be split on who should form the next government.
-
Search underway for Calgary senior last seen in Marlborough Park
The Calgary Police Service is asking Calgarians to keep an eye out for a 76-year-old man who went missing Monday afternoon.
Montreal
-
Quebec's efforts to hire nurses from abroad falling short
After failing to recruit hundreds of orderlies internationally, Francois Legault's government is now dangling the same solution to the nursing shortage. If the past is any indication of the future, the chances are slim that Quebec will see thousands of professional nurses coming to the rescue of the health-care system.
-
WEATHER
WEATHER | Polar vortex to bring coldest air in years to parts of Quebec
So far, the winter season across Southwestern Quebec has been marked by above-average snowfall and above-average temperatures, but that is about to change. Cold, arctic air has been gradually pushing into the province. Many residents across Northern Quebec woke up to extreme cold warnings Tuesday morning.
-
Family of man killed while unlawfully detained in Montreal jail wants surveillance video released
The family of a Montreal man who died after he was seriously injured by jail guards while he was illegally detained is calling for surveillance video of the incident to be released publicly. 'It is our understanding that the footage has been reviewed – and is extremely disturbing. But that is more reason to release the video footage immediately,' said the CCLA's Akwasi Owusu-Bempah.
Atlantic
-
911 issues fixed in the Maritimes following Tuesday morning outage
911 emergency calling in all three Maritime provinces has been fixed following service issues Tuesday morning.
-
Moncton fire battles fourth structure fire in a week
The Moncton Fire Department responded to a house fire Tuesday morning, marking the fourth structure fire the city has seen over the past week.
-
Frigid temperatures expected to hit the Maritimes later this week
Frigid temperatures are expected to hit the Maritimes later this week as a wave of Arctic air moves into the region.
Winnipeg
-
'We don't turn anyone away': How organizations are helping Winnipeg's most vulnerable during cold snap
An extreme cold warning is in effect for Winnipeg, and as temperatures dip to dangerous levels, some shelters are at – or even over – capacity.
-
Manitoba First Nation to sign child welfare agreement with Ottawa, province
Peguis First Nation is set to become the first Indigenous group in Manitoba to take control of child welfare under federal legislation that came into effect three years ago.
-
Extreme cold to continue for rest of the week in Manitoba
For anyone looking for a break from the frigid Manitoba cold, you may have to wait another few days.
Kitchener
-
Mike Schreiner responds to Liberal plea for a greener leader
Ontario Greens leader and MPP for Guelph, Mike Schreiner, said he is going to take time to "think about the arguments" following an open letter requesting him to run for the Ontario Liberal Party leadership.
-
'A really difficult case to win': Southwestern Ont. judge rules encampment can stay in Kitchener
The Region of Waterloo has lost a court bid for an injunction to evict residents of an encampment on municipally owned land at Victoria Street North and Weber Street West in Kitchener.
-
Driver charged in crash that killed Galt Country Club GM
A driver has been charged in a fatal crash that killed a long-standing member of Cambridge's golf community.
Regina
-
Class action lawsuit launched against Home Depot following investigation
Regina lawyer Tony Merchant has launched a class action lawsuit on behalf of some Home Depot customers who agreed to receive receipts electronically.
-
Evraz to lay off more than 100 workers at Regina's steel mill
More than 100 Evraz employees will be laid off from Regina's steel mill in February, according to the company.
-
Greg Fertuck wants new chance at bail while he awaits outcome of trial
A man accused of murder said he has been behind bars at the Saskatoon Correctional Centre for the last 1,310 days and is only allowed out three hours each day.
Barrie
-
Travel advisory for parts of Central Ontario
Winter weather advisories were issued for Central Ontario this morning.
-
Barrie police officer pleads guilty to assault charge
Jason Stamp, a former Barrie police officer, has pleaded guilty to assault of skateboarder.
-
Ice fishing is still on thin ice
While people are still waiting to head out on some parts of Lake Simcoe, many have been out for weeks in certain areas
Saskatoon
-
Saskatoon police charge man with second-degree murder in suspicious death
Saskatoon police are investigating a suspicious death in the city's Mayfair neighbourhood.
-
Greg Fertuck wants new chance at bail while he awaits outcome of trial
A man accused of murder said he has been behind bars at the Saskatoon Correctional Centre for the last 1,310 days and is only allowed out three hours each day.
-
Sask. hockey team so desperate for players it turns to Twitter callout
The Rosthern Wheatkings senior men’s team was so desperate for players for its game on Saturday it put out a tweet calling for them.
Northern Ontario
-
Ontario woman shocked she has to pay for car repairs after hit-and-run collision
An Ontario woman said she was shocked when she had to pay for repairs after her car was struck from behind by a pick-up truck and the driver fled the scene of the collision.
-
Girl, 6, dies after T-bar lift incident at Quebec ski resort
A six-year-old girl died in hospital Sunday night after being involved in an incident at the Val-Saint-Côme ski resort in Lanaudiere. Quebec police are investigating, though details into the event are not yet known. Officers indicated that it involved a T-bar lift, but they were not able to say more.
-
'Laverne & Shirley' actor Cindy Williams dies at 75
Cindy Williams, who was among the most recognizable stars in America in the 1970s and 80s for her role as Shirley opposite Penny Marshall's Laverne on the beloved sitcom 'Laverne & Shirley,' has died, her family said Monday.