The $65m Lululemon house
B.C. ASSESSMENTS: Twenty-five of the 30 priciest homes are found on the west side
Lululemon founder and former CEO Chip Wilson still owns the most expensive house in B.C.
B.C. Assessments published its 2016 figures Monday and Wilson’s assessment jumped 10.9 per cent to $64.87 million.
The property, at 3085 Point Grey Road in Vancouver’s Kitsilano area, first claimed top spot in 2013 when it was assessed $10 million lower than it is today at $54.2 million.
The 30,000-square-foot home sits on three lots and includes a pool and tennis court.
The second-highest assessment was in Vancouver’s Point Grey neighbourhood: $57.06 million for a home at 4707 Belmont Ave.
Six more homes were assessed at between $31 million and $38 million, all on Vancouver’s west side.
Twenty-five of the top 30 assessments were on the west side, with the other five across English Bay in West Vancouver.
Homeowners should be getting their assessments in the mail in the next few days. According to B.C. Assessments, single-family homes in Vancouver, Burnaby, New Westminster, North Vancouver, Tri-Cities and West Vancouver can expect increases of between 15 and 20 per cent.
In the Fraser Valley region, which includes Delta, Surrey, White Rock and Richmond, homeowners can expect increases of five to 20 per cent, Grant said.
The assessments are done annually and are used to calculate each homeowner’s share of property tax paid to government.
A few examples of increases in Greater Vancouver:
East Vancouver, average value of a single-family home up 28 per cent to $1.27 million;
Buckingham in Burnaby, single-family up 27 per cent to $1.86 million;
Hamilton in North Vancouver City, single-family up 20 per cent to $1.14 million;
Blueridge in District of North Vancouver, single-family up 19 per cent to $1.06 million;
Sapperton in New Westminster, single-family up 17 per cent to $909,000.
Increases are more modest in Whistler, Pemberton and the Sunshine Coast.
Total assessments in Greater Vancouver were more than $630 billion.
B.C. Assessment calculated just shy of two million homes worth a collective $1.34 trillion, a figure that jumped 11.1 per cent from the year before.
You can visit evaluebc.bcassessment.ca to research the assessed value of any B.C. property.