Vancouver assessments set to jump

Single-family homes in Metro Vancouver are set for sharp increases in property assessments.

BC Assessments said Thursday that homeowners should prepare for hikes of between 15 and 25 per cent, while those with condos could be paying between five and 10 per cent more.

Elsewhere in the province a rise of 10 per cent is expected.

Two million property assessments will be mailed out early in 2016.

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