A Castlegar city councillor says the recently released property assessment valuations from BC Assessment indicate the community hosts a stable real estate market.
Arry Dhillon says Castlegar’s 5.4% increase in value for an average home shows there’s interest in the market.
He says that’s indicitive of a stable real estate market.
He adds communities in our region of comparable size saw bigger increases.
A typical home in Castlegar now costs $295,000, last year’s average was $280,000.
Grand Forks saw an increase of 9.9%, Trail’s increase was 8.9% and Nelson’s was 9.3%.
