BC Assessment values

[Shaidah K.]

BC Assessment posted updated property assessed values on January 1st, 2019, assessed on July 1, 2018. I use these values as a conservative value when calculating my networth. All my properties have gone up in value.  My most recent acquisition in Campbell River is still valued at less than what I purchased it for.  These values do not represent "market value" but I like to use this site often as I check recent sold prices near my investments.  Here is my breakdown:

Surrey townhouse increased 22% (Almost double what I purchased it for in 2010)

Sechelt house increased 10%

Nanaimo house 1 (desirable area) increased 7%

Nanaimo house 2 (less desirable area compared to #1) increased 12%

Campbell River house increased 10%

My investment portfolio assessed value went up approx. $220,000.

My primary residence (Richmond) went up 13%, over $160,000. (Increased 350% since purchase in 2005)

How do your properties compare?

[Brianne H.]

@Shaidah K. Not much selling in general, or just higher priced stuff? I used to live in New Westminster so am somewhat familiar with the lower mainland, but that was also before I took a keen interest in investing. 

What indications are you seeing for an expected recession in 2020? More of a local, or provincial recession?