Residential properties in British Columbia have been hit with hikes in their assessments but it seems that many commercial properties have escaped double-digit increases. The method of assessment for large industrial property is based on a set of industry guidelines rather than property value. This is on the basis that large industrial plants contribute heavily to the economy in terms of employment and corporate taxes. BC Assessment’s increases of around 4 to 6 per cent is consistent and allows businesses to forward-plan.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: