Port Moody Living
"City of the Arts" - Located at the head of Burrard Inlet, this vibrant city is rich in history and modern development. Steps from seaside parks, mountain trails and lakes, Port Moody is a nature lovers paradise.
Port Moody Real Estate News
Friday, January 7, 2011
Real Estate Value Rises in Port Moody
According to BC Assessment 2011 property values have risen in the Tri-Cities in 2010. Tri-Cities real estate were officially assessed as having $45.78 billion in value for 2011. BC Assessment assesses property's market value as of July 1, 2010.
The most expensive Tri-Cities properties are in Coquitlam, but Port Moody is not far behind. Two ares of Port Moody - Heritage Woods and the city's north shore had the highest value.
There is still plenty of value in Port Moody real estate, the cheapest properties in Port Moody, according to BC Assessment, were strata low-rise, two-bedroom condos built in 2005.
BC Real Estate Surpasses $1 Trillion
2011 marks the first time in B.C. history that the value of all real estate on the assessment roll has surpassed $1-trillion. Port Moody properties were valued at $7.35 billion!
You can check out more facts and figures on the BC Assessment website.