Property values keep rising in N.S.

Published: January 19, 2010 12:00 a.m.

Last modified: January 18, 2010 11:04 p.m.

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Property assessments in Nova Scotia continued to rise with an overall increase of about six per cent over last year.

“The residential real-estate market remains quite stable,” Lloyd MacLellan, vice-president at Property Valuation Services Corp., said in a release.

“And there is also stability in the commercial real-estate market, with an actual growth rate of four per cent ... Overall, property values across Nova Scotia continue to move ahead, but at a lower rate than in the past few years.”

Assessments were mailed yesterday to more than 585,000 property owners across the province.

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