Monday, January 4, 2021

BC Assessments for 2021 indicate increases in valuations for many of Prince Rupert's high end neighbourhoods

The largest collection of high end assessments for 2021 once again
can be found in the Graham/Atlin area of the city,
which also features the highest assessed property in Prince Rupert.

As it has been for a few years now, the Prince Rupert housing market continues to show increasing assessment valuations in many of the same neighbourhoods, with the Graham Avenue area once again taking the lead in  showing an increase from BC Assessment.

The release of data was rather low profile, relayed through Social media, with an advisory that the local services remain suspended for the public, BC Assessment officials will be available by phone should residents have any questions.



With the release of the 2021 Property assessment over the weekend, the map for the higher assessment values in Prince Rupert for the most part looks much as residents might expect when it comes to the pockets of the city with the highest assessment levels for this year.

Overall there are six areas where the largest concentrations of high assessments were found in Prince Rupert as the paperwork hits the mail this week destined for your mailbox.

Both the western end of Graham and the upper section of the Silversides area feature the largest volume of those properties in the upper reaches. 

The Graham area has seen increases of 10-15,000 dollars from last year,  in the Silversides/Parker Drive area the increased levels are significantly higher, in some case of up to $50,000 more.

By overall volume, the number of properties is higher for the west side, which once again also hosts the property with the Highest assessment for 2021 located at 2076 Graham Avenue.



A stretch of Summit Avenue overlooking the golf course and Fourth Avenue West also posted some strong assessment values.

The Edwards Avenue subdivision just off of Eleventh Avenue East has also seen some increased assessment values.

Also claiming some top end assessments was Heron Road adjacent to Charles Hays Secondary.




From a quick scan of the findings from the Thursday release, the scale of assessment level for the six areas looks as follows:

Graham Avenue -- Ranges from $450,000 to $1,024,000
Silversides/Parker -- Ranges from $400,000 to $933,000
4th Avenue East -- Ranges from  $350,000 to $825,000
Edwards Avenues -- Ranges from $504,000 to $739,000
Heron Road -- Ranges from $450,000 to $746,000
Summit Avenue -- $400,000 to $655,000





You can review the full scope of the 2021 assessment from a map provided as part of the BC Assessment online program, simply type in the address of a property in the area you have an interest in and then click on each adjacent property to see how things shape up from home to to home, street to street and area to area.

You can also register for an account to gain access to a range of features including the option of storing a number of properties for comparison as you conduct your search of the community listings, learn more about that option here.

Property owners have until the end of this month to decide if they wish to appeal their assessed level for 2021.

For more notes on the Northwest real estate picture see our archive page here

To return to the most recent blog posting of the day, click here.

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