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The 2018 B.C. property assessments made headlines recently, mostly because residential estates in Vancouver fell after years of big gains. Observers attribute much of that change new restrictions on real estate from the NDP government. But throughout the rest of the province, downturns in value weren’t really the story. And the devaluations didn’t extend to commercial or industrial properties: non-residential estates enjoyed another year of gains across the board. Overall, assessments across B.C. rose by 1.07 percent.
Here’s what else we learned from the province’s real estate breakdown. Keep in mind that the assessments reflect market value as of July 1, 2018.