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 ​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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