Houses prices have gone up again in 2017. (THE NEWS/files)

Maple Ridge townhome prices jump a third

BC Assessment notices now in the mail

BC Assessment has released the exact amounts, by area, by which Maple Ridge homes have skyrocketed in value again this year.

“This year, we have seen a strong demand in our residential strata [condo] market and this has resulted in a larger increase compared to the residential single-family detached homes,” Laura Schwagele said in a release.

In west Maple Ridge, a typical condo or single family home jumped by 11 per cent compared to last year.

In central Maple Ridge, they rose 14 per cent.

Townhouses in Maple Ridge jumped the most in market value, increasing by 33 per cent, with a typical townhouse now costing $362,000.

Pitt Meadows properties also rose, with townhouses up by 27 per cent, to the point where a typical townhouse in that city now costs $432,000.

Assessment notices are soon to go in the mail, telling homeowners what their properties are now worth, based on market conditions from last July.

Those values are used to determine this year’s take of city property taxes. But unless an individual property has increased by more than the average in the city, most property tax bills will jump by 3.62 per cent as set out in Maple Ridge’s 2018 budget.

The increases follow similar jumps from a year ago. In January 2017, new property assessments of detached houses jumped 30 to 50 per cent in Metro Vancouver and the Fraser Valley. Condos a year ago, also jumped between 15 to 30 per cent in the Fraser Valley.

Only one property in B.C. Assessment’s top 100 priciest properties in the Fraser Valley was located in Maple Ridge. That was a townhouse located at 11252 Cottonwood Dr., worth $8.3 million.

People who want to appeal the value of their properties have until Jan. 31 to file a notice of complaint to B.C. Assessment.

Just Posted

Rustlers out on tie-breaker at provincials

Team finishes 3-2, appeals decision

Pitt council takes action in wake of Murray sentencing

Put elected local government official on paid leave upon conviction of a serious criminal offence.

Higher education needed in Maple Ridge for high-tech, high-paying jobs

Having a post-secondary school and growing talent locally would help.

Pets: Chocolate bunnies for Easter

In B.C., bunnies have been culled numerous times because of the huge numbers of feral rabbits

Vancouver Aquarium’s resident octopus released into ocean

Staff let the Giant Pacific octopus go into the waters near Bowen Island so she can reproduce

Canucks find scoring touch in 5-2 win over Blackhawks

Four Vancouver skaters have two points apiece in victory over Chicago

‘Not well thought out:’ Arizona family slams B.C. speculation tax

American family spends half the year in vacation home on Vancouver Island

Family of B.C. wildfire victim wants better emergency preparedness for vulnerable people

Williams Lake’s David Jeff “fell through the cracks”

Senate backs bill to legalize recreational marijuana

Justin Trudeau reminded senators that his government was elected on a promise to legalize pot

Where Canadians buy real estate abroad: report

Hot Spots: Top 30 home-buying destinations for Canadians in the Americas

Ban on grizzly bear hunt, new rules take effect April 1

Taxidermists, tanners will have to report on any grizzly bears or parts brought to them

Ontario father grief stricken over murder of ex-wife and children

‘No words to explain,’ grieving father of slain teens says in statement

LISTEN: Retired broadcaster gives voice to Fraser Valley history

Heritage buff Mark Forsythe introduces Valley Voices, a podcast featuring local history.

Most Read