Tri-City News January 3 2019

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Coquitlam

Port Coquitlam

Port Moody

Coquitlam SAR had fewer searches in 2018, perhaps thanks to a 2017 search

The city of Port Coquitlam is looking for artists to contribute some PoCo pride

Port Moody firefighters and others chipping in to help get rid of your Xmas tree

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T H U r s D Ay

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JANUAry 3

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2019

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COQUITLAM bAby Is b.C.’s fIrsT Of 2019

TrI-CITIEs HOUsING

What is your home assessed at? Condos, townhouses showed bigger gains than houses in latest property assessments GAry MCKENNA gmckenna@tricitynews.com

Property owners in the TriCities may not see the soaring increases in land values they have become accustomed to when their BC Assessment notices arrive this week. While overall home values are up across the region, whether or not values rose in 2018 depends on the area and property type, according to deputy assessor Keith MacLean-Talbot. For example, detached home prices have stayed flat or even decreased in value in the Tri-Cities, he said, while properties like condos and townhouses have seen moderate gains. “Single-family homes and

B.C.’s first baby of 2019 was born to a Coquitlam couple. Janet Shimizu and Lukasz Soswa are proud parents to Dominik, who was born at 12:01 a.m. Jan. 1 at Royal Columbian Hospital in New Westminster. Dominik weighed in at eight pounds, two ounces. He was due Jan. 1 but Shimizu went into labour at 8 a.m. the day before. After painful labour all day, a decision was made to do an emergency C-section. “He arrived right on time,” said Soswa, a Langley surgeon who did his training at RCH. CHrIs CAMPbELL/NEW WEsT rECOrD

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condominiums throughout the Greater Vancouver region have moved in different directions,” he told The Tri-City News. For detached homes, MacLean-Talbot said a value change between –5% and 10% “would be considered normal” while condos could see an increase of anywhere up to 30% in the Tri-Cities. “If you own a condominium or townhouse, they will see a larger increase versus single-family homes,” he said. In the Tri-Cities, Port Moody saw the largest increase in average residential property values, rising 8%, while Belcarra saw a 2.8% drop. The most expensive residential property in the area was 1381 Dominion Ave., Port Coquitlam, which is valued at $9.7 million, up from $7.7 million listed in the 2017 assessment notice. It is a large strip of undeveloped land. see ASSESSMENTS, page 7

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YOUR TRI-CITIES

WILLS, ESTATES AND TRUSTS TEAM Lewis Nguyen

Don A. Drysdale

Richard Rainey

Michele Y. Chow


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Tri-City News January 3 2019 by Tri-City News - Issuu