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Seaspan smashes record for most expensive North Shore property
nsnews.com/newsletter
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BRENT RICHTER
brichter@nsnews.com
The record for the highest property value on the North Shore has been smashed, according to the latest numbers from BC Assessment.
Seaspan’s Pemberton Avenue shipyard and head office was assessed at $313.2 million in 2024, up 31 per cent, or more than $100 million, from $211.8 million in 2023. Seaspan’s adjacent parking lot, meanwhile, went from an assessed value of just $355,902 in 2023 to $24.4 million – a 6,866 per cent increase. Reached for comment on the drastic change, a BC Assessment spokesperson said they could not speak publicly about the property’s most recent valuations. “Out of respect for the formal property assessment appeal process and the need to maintain integrity of the process, BC Assessment cannot comment publicly on active appeals,” assessor Bryan Murao said. For their part, a Seaspan representative said only “we are involved in the ongoing assessment process with BC Assessment on this matter.” But District of North Vancouver staff, who have a long history in dealing with disputes over assessments on the Continued on A19
PLUNGE PALS Conor Sinnamon, Andrew McNamara and Abby Hoffman are raising funds for a good cause by taking a plunge every day in February. See page 22 for the full story. PAUL MCGRATH / NSN
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