Some positive real estate news from the Okanagan. The District of Lake Country building permit reports for 2012 show that permit values in 2012 were once again at the 2005 level and exceeded the previous year by $4 million. Since incorporation in 1995 the District of Lake Country has had an average building permit value of just over $26 million per year. However, 2012 showed a permit value of close to $33.3 million with the value of single family dwellings making up $27.3 million of that total.
Property values are remaining stable according to the BC property assessments sent out last week. Lake Country had the smallest decrease in the value of the average residential home among all North, South and Central Okanagan jurisdictions, and only Peachland and Lumby residential home values showed an increase, according to the 2013 assessment rolls released January 2nd.
