Port Moody Real Estate News

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.

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.