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B.C. homeowners are facing the new year with a new reality, property values have gone way up in some areas.

On Vancouver Island Oak Bay has seen the highest increase in value followed by the City of Victoria and Saanich, according to BC Assessment.

“In the Greater Victoria area, it’s about five to 40 per cent with the more typical range being about 10 to 25 per cent,” said Tina Ireland, director of assessment services with BC Assessment.

 

http://vancouverisland.ctvnews.ca/sky-high-assessments-property-values-soar-in-greater-victoria-1.3225862