The latest numbers from B-C Assessment confirm this province’s real estate market continues to moderate — but there are exceptions. B-C Assessment has released new figures showing a typical single-family home in Vancouver has dropped in value by 11 per cent — from about one-million-750-thousand dollars to just over one-and-a-half million dollars. But assessments are up dramatically in Kitimat and Terrace — 41 and 20 per cent respectively — as those cities are ground zero for the massive L-N-G Canada project, while assessments also nudged up about 5 per cent in the resort community of Whistler and nearby Pemberton. Housing Minister Selina Robinson says the assessment data is encouraging because it proves measures brought in to cool overheated housing markets in Greater Vancouver, Kelowna and parts of Vancouver Island are working.
