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HomeNewsKootenay property values see modest growth for 2024

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.

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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 ​Community 2023 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 $373,000 0%
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.

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