2021 property assessments came out this week. On average, condos are up 3% and detached homes are up 10% but of course this will depend on your specific neighborhood.
These values are a general guideline for your homes current value. However, this year more than ever this number could be incorrect due to two main reasons:
1.)These were completed in June of 2020 which is now 7 months ago and a lot has changed in the market since then.
2.) June was three months after the lock down due to COVID-19 where we saw very little activity in the real estate market.
If you would like an accurate assessment of your homes current value send a message and we'd be happy to assist.
Photo courtesty of @pinterest