House values in Cowichan Valley see modest increase

Average single-family home values in Cowichan Valley rose slightly, with Duncan up 4% to $592,000, Lake Cowichan 3% to $606,000, Ladysmith 2% to $723,000, and North Cowichan 1% to $733,000. Strata properties increased modestly, led by Lake Cowichan at 3%. Vancouver Island's total property assessments grew from $391 billion to $399 billion, including $4.71 billion from new developments. Assessment changes reflect market trends but don't directly determine taxes.