The latest property assessments are confirming that Sun Peaks is in high demand, as more people — both locally and abroad — discover this hidden gem in the Thompson Valley.
The resort community had the largest property value increase in the region this year, with an 18 per cent climb over the previous year. That’s compared with an eight per cent spike in Kamloops.
Graham Held, Deputy Assessor for BC Assessment, says strata properties in general saw the largest jump. “We saw increases as high as 23 per cent for the strata properties, which really are predominant in places like Sun Peaks.”
There’s no doubt the significant focus on development at the resort is impacting property values, with multiple real estate projects underway and additional terrain opening with the Orient chairlift.
Not only did the Orient improve access to new skiable terrain, but it also improved the ski-in/ski-out access for homes in Bella Vista and Lookout Ridge. Residents and visitors in those areas now have an even easier time skiing home for a lunch break or hitting up their hot tubs at the end of the day.
Whether you choose to purchase a home and live here year-round with 700 of your closest friends and neighbours, or join our thriving community of non-resident property owners who gather every winter for powder days and wine festivals, the latest assessments make it clear there is significant value in a Sun Peaks property.
The assessments reflect the market value as of July 1, 2018. Property owners can request an independent review of their assessment by January 31, 2019.