BEACH VOLLEYBALL HOPES TO ACE: Proposed court PAGE 6
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THURSDAY, JANUARY 19, 2023
TESLA TROUBLE
VOL. 48 NO. 51
BIUndercurrent
BowUndercurrent www.bowenislandundercurrent.com
Car torn in two after Horseshoe Bay crash PAGE 7
Bowen property assessments go up in 2023
SAME FOUR PROPERTIES REMAIN IN PROVINCE’S TOP 500 VALUE LIST ALEX KURIAL Editor
BEE BOMBING: Before 2019 there was nowhere to‘chuck monster bee bombs on baskets’around Bowen. But a grant from the Bowen Island Community Foundation changed all that, and supported the construction of the local disc golf course. Now BICF is asking for community members to bring them ideas on what they’d like to see next. Find out more about their Community Impact Grant - and disc golf - on Page 8. / BICF photo
It wasn’t the dramatic 25 per cent rise homeowners saw last year, but property valuations still went up on Bowen in 2022. In the annual release from BC Assessment earlier this month, the numbers show Bowen residential property value grew seven per cent from the year before. This brought 2022’s mark of $1.271 million up by nearly $100,000, to $1.363 million. The number represents a median value, which means half of Bowen homes fall on each side of the 2023 number. Last year’s release featured a scorching rise as every municipality in the Lower Mainland saw residential property values rise by double digits. This year was much tamer, with a mix of single digit and low to mid double digit growth in the region. The largest riser in the area was Pemberton at 16 per cent, while the University Endowment Lands didn’t experience any growth. The latter is already by far home to the most valued properties on the list however, at $5.466 million. Across the water in West Vancouver, growth was four per cent as the median value rose to $3.111 million. “Despite the real estate market peaking last spring and showing signs of cooling down by summer, homes were still selling notably higher around July 1, 2022 compared to the previous year,” said Bryan Murao, assessor for BC Assessment, in this year’s release.
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