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BC Assessment has Released Property Values

The property value assessments across the province for 2020 have been released by the BC Assessment Authority.

While the assessments show a moderate trend of increases, for a few homeowners in Sechelt there has been a horrifying plunge in the value of their properties.

A half dozen properties in the Seawatch subdivision are now worth just a couple of dollars according to the BC Assessment Authority.

The houses and vacant lots sit within the Seawatch Neighbourhood evacuation zone.

It has been nearly a year since the Seawatch Evacuation Order was implemented due to sinkholes in the neighbourhood.

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The sinkholes began appearing the previous autumn, Sechelt issued the evacuation notice on February 15th of 2019.

The evacuation is still officially temporary and is extended on a weekly basis. The current extension lasts until January 10th.

There is no indication that a solution to the sinkhole problem is in the works.

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