Listen Live

Northwest single-family home owners to expect higher property values

BC Assessment has released their property assessments and single-family home owners within the Northwest have seen a significant increase. 

This is from data reported by the agency last week.

Among the highest changes from 2021 to 2022 include the Hazelton’s, Houston, Burns Lake and Smithers. 

Houston saw an increase of 35% on the average projected property assessment with the average single-family home valuing from $167,000 in 2021 to $226,000 in 2022. 

- Advertisement -

Meanwhile, the Smithers region saw an increase of 21% in the average single family home value. 

In 2021, the average single-family home value in 2021 was $362,000 and in 2022 it is $438,000.

As for Stata Home Changes, which are condos and townhouses the average assessed value in Smithers rose 13%. 

The average cost is now at $336,000 for 2022 compared to $298,000 in 2021. 

“All during the pandemic, the real estate market has remained robust across the province including higher demand throughout Northern BC, which has resulted in higher 2022 assessment values for most homeowners in the region,” said Northern BC Deputy Assessor Beau Rossel.

- Advertisement -

Communities new average home value and the percentage it increased:

  • Burns Lake : $218,000- +21%
  • Granisle: $73,000 – +14%
  • Hazelton’s: $164,000 – +35%
  • Houston: $226,000 – +35%
  • Smithers: $438,000 – +21%
  • Telkwa: $416,000 – +25%

The data is based on market values as of July 1,2021. 

Something going on in the Bulkley Valley Lakes District you think people should know about?
Send us a news tip by emailing [email protected].

Lindsay Newman
Lindsay Newman
News Reporter Lindsay joined the MyBulkleyLakesNow news team in 2019. She was born and raised in Cambridge, Ontario where she then moved to Toronto to complete Journalism school at Humber College where she graduated in 2017. Lindsay started her news journey at 680 News- Toronto's largest talk radio station. Lindsay then moved on to 680 News, where she was an audio editor. She has always loved the idea of living in British Columbia since she was a teenager and was excited to make the to move out to Smithers, BC to branch out her journalism skills. In Lindsay's spare time she is usually relaxing with her two cats and in the warmer months going on hikes with her friends and partner.

Continue Reading

cfbv Now playing play

Related Articles

Latest News

Crash outside Smithers prompts reminders about driving safety

The Smithers RCMP are reminding drivers about driving safety following an incident on July 9th.

Police looking for missing man

RCMP is asking for the public's assistance in locating Cashe Wilson who was reported missing on July 9th.

Measles cases reported in B.C. this year top 100

B.C.’s health officials have said 102 cases of measles have been reported across B.C. so far this year, with most of those in the Northern Health region.

Measles cases reported in B.C. this year top 100

B.C.’s health officials have said 102 cases of measles have been reported across B.C. so far this year, with most of those in the Northern Health region.

Website refresh surfaces more of your important local stories

Regular visitors to this website will have noticed some changes to the home page and other templates in recent days.