Interesting Notes on B.C. Assessments Around Vancouver Island

The west coast of the Island had the largest increase, with Tofino seeing a 15 per cent increase in the assessment of a typical single-family home to $883,500 and Ucluelet seeing an 11 per cent increase to $445,000.

Typical assessments for strata units in Nanaimo increased by two per cent, in Courtenay an increase of eight per cent, and in Campbell River 10 per cent.

The most valuable single-family home is 3160 Humber Rd. in Oak Bay, assessed at $15.2 million, versus $16.16 million a year earlier.

The most highly assessed property in the region was once again James Island, at $56.47 million as of July 1, 2019. In the previous assessment, the island was valued at $56.76 million.

The Island roll increased in value to $255 billion from $246.9 billion in 2019. About $4.14 billion of the Island’s assessments reflect new construction, subdivisions and rezoning of properties.