Smithers/Telkwa take regional lead in Property assessments for 2021

When it comes to property assessments for Northwest communities for 2021 residents of Smitheres and Telkwa are the ones looking over their data the most today, that as the Bulkley Valley Community recorded the largest increase in assessment value in the weekend release of data from BC Assessment.

In the year by year comparison from 2020 to 2021 both Smithers and Telkwa recorded at 13 percent change from the year previous, leading the Northwest, with Burns Lake marking a 21 percent increase for the Lakes District.

Prince Rupert residents are in the middle of the 2021 assessment curve, with an overall increase of 7 percent from 2020, while Terrace recorded a 1 percent increase, with Kitimat actually declining by 1 percent from one year ago.

Among the Northwest communities from the Bulkley Valley to the Haida Gwaii the median assessed value listings are as follows

Smithers 2021 -- Assessed value --  $362,000 
Increase of 13 percent
Telkwa 2021  --  Assessed value -- $293,000 
Increase of 13 percent
Houston 2021 -- Assessed value -- $167,000
Increase of 10 percent
Hazelton 2021 -- Assessed value -- $149,000
Increase of 7 percent
Queen Charlotte 2021 -- Assessed value -- $234,000 
Increase of 8 percent
Port Clements 2021 -- Assessed value  -- $80,000
Increase of 10 percent
Prince Rupert 2021 -- Assessed value -- $296,000 
Increase of 7 percent
Masset 2021 -- Assessed value --$128,000 
Increase of 7 percent
New Hazelton 2021 -- Assessed value -- $121,600 
Increase of 3 percent
Port Edward 2021 -- Assessed value -- $191,000 
Increase of 2 percent
Stewart 2021 -- Assessed value -- $109,000 
Increase of 2 percent
Terrace 2021 -- Assessed value -- $375,000 
Increase of 1 percent
Kitimat 2021-- Assessed value -- $330,000 
Decrease of 1 percent

Only three communities in the Northwest have a significant level of Strata homes, by way of condos or townhomes to rank the assessment results for those are as follows.

Terrace -- Assessed value -- $189,000 
Increase of 14 percent
Smithers -- Assessed value -- $298,000 
Increase of 3 percent
Kitimat -- Assessed value -- $187,000
Decrease of 2 percent

Yesterday we provided a glimpse at some of the Prince Rupert findings, with a number of neighbourhoods finding significant jumps in assessed value for 2021, while others recorded more modest levels of increases or even some decreases from last years results.

You can review that report, as well as access a number of links to search information from BC Assessment here.

The full background from the BC Assessment information release from Monday can be explored here.

For more notes on Housing across Northwest BC see our archive page here.

Cross posted from the North Coast Review.