The 2021 BC Property Assessments are out, and it shows a significant increase on the value of single family homes! As a Realtor in town, I noticed this trend happening in 2020 and is likely to continue into 2021.
This uptick may come as a surprise to a number of people, who were expecting — or at least hoping — that the economic downturn caused by COVID-19 would’ve decreased the value of properties and help them get into the market locally.
SFU professor Andrey Pavlov told The Squamish Chief that being confined to our homes during the pandemic has put a premium on having more space.
As a result, single-family houses have become more desired than before.
Pavlov also noted that Squamish has become a desirable place to live, and with the rise of remote work — especially during the pandemic — it’s feasible to have a job farther away from an urban centre.
Click here for more on the article published by our local newspaper today: Squamish property values up despite pandemic | Squamish Chief.