Single-family residential properties in Nelson rose seven per cent in value to an average of $504,000, according to BC Assessment. Photo: Bill Metcalfe

Single-family residential properties in Nelson rose seven per cent in value to an average of $504,000, according to BC Assessment. Photo: Bill Metcalfe

BC Assessment: Residential property values rise across West Kootenay

Single-family homes in Slocan and Salmo saw the biggest increases

Single-family residential properties in Slocan and Salmo have seen the biggest rise in assessed value within the West Kootenay, according to annual statistics released Monday by BC Assessment.

The two villages rose 19 per cent in typical assessed value as of July 1, 2020 compared to 2019.

A property in Salmo that cost $225,000 in 2019, for example, rose to $268,000 last year, while in Slocan a single-family home’s value went up from $165,000 to $196,000.

Other jumps in value occurred in Nakusp, which saw a 16 per cent increase to $275,000, Trail (12 per cent increase to $230,000), and Kaslo (12 per cent to $299,000).

Nelson properties are the most expensive in the West Kootenay, with a seven per cent rise to $504,000. Castlegar, meanwhile, went up nine per cent to $349,000. Creston and Grand Forks each rose eight per cent to $284,000 and $272,000, respectively. Rossland also rose five per cent to $380,000.

“The majority of Kootenay Columbia homeowners can expect a moderate increase in their 2021 assessments compared to last year,” said deputy assessor Sharlynn Hill in a statement.

“Some of the smaller communities have experienced higher demand than previous years and that is reflected in this year’s assessments.”

The most valuable property in the West Kootenay is a $4.4 million residence near Grand Forks. Blaylock’s Mansion, just north of Nelson on Highway 3A, is worth $3.4 million.

BC Assessment said the total assessments for Kootenay Columbia, which includes the West and East Kootenays north to Revelstoke, rose from approximately $46.6 billion to nearly $49.8 billion last year.

The property value increases coincide with a hot real estate market across the Kootenays. The Kootenay Association of Realtors reported a 66.5 per cent rise in unit sales for November compared to one year prior.

@tyler_harper | tyler.harper@nelsonstar.com

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

From the left, Midway RCMP seized suspected cannabis, cocaine and fentanyl from a truck pulled over by Conservation Service Officers in the West Boundary Monday, Jan. 17. Photo submitted
Midway RCMP find suspected drugs in traffic stop by Conservation Service Officers

Cpl. Phil Peters said the CSOs were stopping local hunters on Highway 33

A Grand Forks Fire/Rescue water tanker makes it way up the hill on Gibbs Creek Road after a homeowner doused a chimney fire Wednesday, Jan. 20. Photo: Laurie Tritschler
Rural Grand Forks homeowner douses chimney fire

Grand Forks Fire/Rescue said the man’s quick thinking put out the flames

Amanda Parsons, a registered nurse on staff at the Northwood Care facility, administers a dose of the Moderna vaccine to Ann Hicks, 77, in Halifax on Monday, Jan. 11, 2021. THE CANADIAN PRESS/Andrew Vaughan-Pool
61 new COVID-19 cases, two more deaths in Interior Health

Twenty-nine people are in hospital, seven of whom are in intensive care

(Big White Ski Resort)
28 more cases of COVID-19 linked to Big White cluster

More than 200 cases have been identified since the cluster was announced

Maj.-Gen. Dany Fortin, vice-president of logistics and operations at the Public Health Agency of Canada, speaks at a news conference on the COVID-19 pandemic in Ottawa, on Friday, Jan. 15, 2021. THE CANADIAN PRESS/Justin Tang
B.C. records 500 new COVID-19 cases Wednesday, 14 deaths

Outbreak at Surrey Pretrial jail, two more in health care

Interior Health has declared the Cariboo Chilcotin a community cluster. (Angie Mindus photo)
Interior Health declares Cariboo Chilcotin region a COVID-19 cluster, 215 cases since Jan. 1

Most cases are related to transmission at social events and gatherings in Williams Lake

A woman writes a message on a memorial mural wall by street artist James “Smokey Devil” Hardy during a memorial to remember victims of illicit drug overdose deaths on International Overdose Awareness Day, in the Downtown Eastside of Vancouver, on Monday, August 31, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. paramedics respond to record-breaking number of overdose calls in 2020

On the front lines, COVID-19 has not only led to more calls, but increased the complexity

Vernon's Noric House long-term care facility is dealing with an influenza outbreak amid the COVID-19 pandemic. (File photo)
Two more deaths at Vernon care home

Noric House case numbers remain steady, but death toll rises

Eighteen-year-old Aidan Webber died in a marine accident in 2019. He was a Canadian Junior BMX champion from Nanaimo. (Submitted)
Inadequate safety training a factor in teen BMX star’s workplace death in 2019

Aidan Webber was crushed by a barge at a fish farm near Port Hardy

Southern resident killer whales in B.C. waters. Research shows the population’s females are more negatively influenced by vessel traffic than males. (Photo supplied by Ocean Wise Conservation Association)
Female orcas less likely to feed in presence of vessel traffic: study

Research the southern resident population raises concerns over reproduction capacity

(Black Press Media files)
Transport Canada not budging on enclosed deck rules, despite calls from BC Ferries union

There have been at least 23 cases of the U.K. variant detected in Canada, four of which are in B.C.

The Elk Valley Hospital is adapting to meet the needs of patients in the Elk Valley.
1-in-5 COVID tests coming back positive in and around Fernie, sparking concern

Dr Ron Clark of Elk Valley Hospital said one in five tests was returning positive for COVID-19

Throughout December, RCMP conducted CounterAttack road checks as police worked to keep roads free of impaired drivers. (BLACK PRESS file photo)
‘You can’t make this stuff up’: Stories from the B.C. CounterAttack campaign

Amusing, yes, but a reminder impaired driving affects ability to drive and to make good decisions

Most Read