British Columbians were warned last month that property assessments would rise in the new year.
Figures released on Monday show they weren’t kidding.
According to the examples released by BC Assessment, an east side single-family home valued at $993,000 last year has well and truly broken the seven-digit ceiling at $1,267,000.
That’s a rise of 28 per cent, and the largest percentage increase in all of Metro Vancouver.
In Burnaby, the price of a Buckingham single-family home that cost $1,470,000 also shot up — by 27% to $1,862,000 this year.
But while the value of a strata townhouse in the same area did go up, it was at a more modest 9%, going from $398,000 to $433,000.
READ MORE: British Columbians to open wallets in 2016
Province-wide, the numbers may not be quite as alarming to homeowners, with examples showing increases from zero to 15 per cent.
MAP: Examples of property value increases in Metro Vancouver
Top 100 List
BC Assessment also provided a list of top valued residential properties in Greater Vancouver.
The highest taxable is a house is located on Point Grey Road in Kitsilano. Valued at $63,870,000, the house is owned by LuluLemon founder Chip Wilson. Last year, it was valued at $57.6 million.
The lowest on the top 100 list is a waterfront property in West Vancouver, valued at $16, 142,000.