â–ş Listen Live
â–ş Listen Live

Kootenay property values see modest growth for 2024

Communities in the Kootenays mostly saw small growth in their property values, but some fell slightly.

In the West Kootenay, Castlegar saw a small decrease in property value, going down one per cent.

The typical assessed value went from $468,000 last year to $446,000.

Nelson also saw a one per cent decrease, however, Trail went up one per cent.

Cranbrook jumped up five per cent. The typical assessed value for single-family residential properties is now $497,000 up from $490,000 in 2023.

Elsewhere in the East Kootenay, Invermere went up 10 per cent, Canal Flats saw the highest increase with 13 per cent and Golden saw a seven per cent increase.

The full list of community property values can be found below.

KOOTENAY COLUMBIA COMMUNITIES:

Single Family Homes Changes by ​Community2023 Typical Assessed Value

as of July 1, 2022

2024 Typical Assessed Value

​as of July 1, 2023 

​%

 Change

Castlegar$497,000$490,000-1%
Cranbrook$446,000$468,000+5%
Fernie$836,000$848,000+1%
Grand Forks$403,000$409,000+1%
Greenwood$235,000$245,000+4%
Kimberley$472,000$499,000+6%
Nelson$674,000$670,000-1%
Revelstoke$801,000$839,000+5%
Rossland$579,000$618,000+7%
Trail$350,000$352,000+1%
Elkford$344,000$350,000+2%
Invermere$588,000$645,000+10%
Sparwood$414,000$418,000+1%
Creston$414,000$419,000+1%
Golden$553,000$591,000+7%
Canal Flats$285,000$322,000+13%
Fruitvale$418,000$445,000+7%
Kaslo$470,000$485,000+3%
Midway$338,000$330,000-2%
Montrose$437,000$446,000+2%
Nakusp$387,000$401,000+4%
New Denver$361,000$387,000+7%
Radium Hot Springs$454,000$482,000+6%
Salmo$375,000$373,0000%
Silverton$395,000$405,000+3%
Slocan$381,000$428,000+12%
Warfield$385,000$402,000+4%

*All data calculated based on median values.

Josiah Spyker
Josiah Spyker
Josiah is an integral part of our East Kootenay team. Since joining Vista Radio in 2021, he has combined his love of community and sport in his reporting for the news team, while also stepping in as an on-air announcer.

Continue Reading

chnv Now playing play

ckkc Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Q&A with Interior Health’s new CEO

Sylvia Weir was announced last week as the new president and CEO of Interior Health. Vista Radio spoke with her on Thursday.

Local credit union celebrates 75 years of community impact

Nelson & District Credit Union is celebrating 75 years of service and community impact in conjunction with International Credit Union Day on Thursday, October 16.

Oxygen Art Centre awarded multi-year funding

Oxygen Art Centre has announced that the artist-run centre is the recipient of a major multi-year funding program.

Reconciliation Wall at LVR to inspire action all year long

Students and staff at L.V. Rogers Secondary School are being invited to take reconciliation into their own hands — one small action at a time.

Nelson’s Civic Theatre aims to reopen by next Christmas

Nelson’s Civic Theatre is finally moving ahead with major renovations after an 18-month closure that stretched the resources and tested the resilience of the non-profit society behind it. 
- Advertisement -