By Greg Petzold (Winnipeg)
An Assessed Value Reality Check from Planet Vancouver
2014 brought some record sale prices for Winnipeg homes. For the first time a Winnipeg home sold for $3 million. But in real estate, as in life, everything is relative.
In January, the B.C. Assessment Authority released their Top 500 list of B.C. home assessments. It’s an eye-opener to compare Vancouver’s highest 2015 assessed values to the corresponding top Winnipeg assessed values.
2015 Residential Assessed Values Comparison
| 2015 Vancouver Top Ten Homes | 2015 Winnipeg Top Ten Homes |
| 1. $57,595,000 | 1. $3,823,000 |
| 2. $50,126,000 | 2. $2,686,000 |
| 3. $31,456,000 | 3. $2,500,000 |
| 4. $28,137,000 | 4. $2,467,000 |
| 5. $27,861,000 | 5. $2,385,000 |
| 6. $27,418,000 | 6. $2,375,000 |
| 7. $27,401,000 | 7. $2,350,000 |
| 8. $27,362,000 | 8. $2,227,000 |
| 9. $27,008,000 | 9. $2,190,000 |
| 10. .$25,861,000 | 10. .$2,169,000 |
The most expensive Vancouver home is a 30,600 square foot Kitsilano mansion owned by Lululemon founder Chip Wilson. Yes, it’s on the water. Winnipeg’s highest 2015 assessment is a riverfront home on Wellington Crescent.
Most of the top ten are in West Vancouver-an amazing five are on the same street. B.C. Assessment actually lists 289 homes in the province with assessed values greater than $10 million.
Winnipeg currently has 15 homes with assessed values greater than $2 million.
B.C.Assessment’s 2015 roll reflects market value as of July 1, 2014 while the Winnipeg values cited here are still at April 1, 2012 market value.
For B.C. Assessment’s Top 500 listing:
http://www.bcassessment.ca/Assessment%20Roll%20Information/BC%20Top%20500%20Valued%20Properties.pdf
For some photos and details see:
http://www.huffingtonpost.ca/2015/01/02/most-expensive-homes-bc_n_6408586.html
