Many of the largest increases in assessments are in rural BC, and especially in the hard-hit resource sector communities
Countless families are still on limited work schedules or have lost their small businesses; while many others are barely hanging on
With news of increases in assessments from various regions in the province, BC’s Conservatives are saying that neither the province nor local municipalities should start planning any increased spending.
According to Trevor Bolin, leader of BC’s Conservatives, “In looking at the percentage change increases due to the real estate market, many of the largest increases in assessments are in rural BC, and especially in the hard-hit resource sector communities.
“While many municipalities and local governments have been extremely forthcoming and transparent on the shortfalls and potential financial losses from a devastating 2020, the loss of revenue from closed casinos, shuttered businesses, closed recreation facilities should continue to be on the top of their minds for the coming year.
Countless families are still on limited work schedules or have lost their small businesses; while many others are barely hanging on.”
During last Fall’s general election Conservatives highlighted the importance of the provincial government not only working with local governments, but also treating them as partners.
“Now is the time for Premier Horgan to heed his own message”, said Bolin who then continued. “Businesses and homeowners have nothing left in the bank to pay for increased property taxes, which will likely be the direct result of these just announced higher assessments.
Since March, British Columbians have been hearing that we are ‘in this together’. According to the Conservatives, now is the time for Premier Horgan and his government to show that there is an action plan behind those often-used words.
Concluding his comments, Bolin stated, “Today we call on the Premier and his Ministers to set up calls and meetings with local governments and provide a united path for financial sustainability between all forms of government and help, rather than hurt, hard hit families and businesses.”
ADDITIONAL INFORMATION on residential percentage change increases due to market – the following figures are for communities that saw increases of just under 10% or more:
Revelstoke and New Denver ... 9.5%
Greenwood ... 9.8%
Golden ... 9.9%
Invermere rural, Merritt, and Telkwa ... 10%
Alert Bay ... 10.3%
Canal Flats ... 10.4%
Kimberly ... 10.5%
Zeballos ... 10.9%
Maple Ridge rural ... 11.1%
Montrose ... 11.4%
Wells ... 11.5%
Kamloops rural ... 11.6%
Bowen Island Municipality and Kaslo ... 11.8%
Princeton ... 12%
Port Clements ... 12.4%
Ucluelet, Duncan rural, and Ashcroft rural ... 12.5%
Smithers ... 12.7%
Nakusp ... 13.1%
Burns Lake ... 14.1%
Midway ... 14.2%
Salmo ... 14.7%
Smithers rural ... 15.3%
Trail rural ... 15.5%
Gold River ... 15.8%
Masset ... 19.4%
Tahsis ... 21.3%
Slocan ... 20.4%
- Except for Maple Ridge, the average assessment increases for the Fraser Valley (Langley to Hope) were 5.4%
- North Fraser, Richmond, Delta, Surrey, and White Rock had average increases of 4.3%
- The lower mainland’s North Shore and Squamish Valley areas had an average increase of 4.7% -- this excludes jurisdiction 745 which had a 14.7% decrease