Fara Ghafari, 88 West Realty
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
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Minimal changes to property assessments throughout region
Most residential property assessments in the Thompson-Nicola area show modest changes for 2026, with values generally shifting between -5% and +5%. Kamloops, Clinton, and Logan Lake remain unchanged, while Ashcroft, Cache Creek, Merritt, and Sun Peaks saw slight decreases. Lytton's property values rose 30% due to rebuilding after a 2021 fire. BC's total property value […]
Canada Housing Recovery Expected 2026
Home sales expected to slowly recover as 2026 begins, rebounding from current trade uncertainty. Borrowing rates likely remain near current levels, encouraging more buyers to enter the market. Economic clarity from potential US-Canada trade deals could accelerate housing demand in 2026. Core inflation stability may keep mortgage rates steady, supporting gradual market recovery next year. […]
North Central B.C. assessments rise to $104.7 billion as housing market remains stable
BC Assessment released 2026 property assessments for about 250,000 properties in North Central B.C., reflecting values as of July 1, 2025. Most homeowners see changes between -5% and +15%. The region's total assessed value rose from $99.8 billion to $104.7 billion, including nearly $1 billion from new construction. Owners can review assessments online and appeal […]
B.C.’s homeowner grant threshold set at $2.075M for 2026
The 2026 homeowner grant threshold in B.C. is set at $2.075 million, down from $2.175 million in 2025. Homes above this value may receive a partial grant, phased out at $5 per $1,000 of assessed value. Basic grants are up to $570 in certain regional districts and $770 elsewhere. Additional grants for seniors, veterans, and […]