Lululemon founder Chip Wilson’s $78.8-million Vancouver property tops BC housing list

Lululemon founder Chip Wilson's $78.8-million Vancouver property tops BC housing list
Lululemon founder Chip Wilson’s $78.8-million Vancouver property tops BC housing list
The former chief executive officer of the yoga-wear retailer saw a one-year rise of $3,016,000 in his estate’s assessed value, or a 4-per-cent increase, according to data released on Tuesday by BC Assessment for the period from July 1, 2016, to July 1, 2017.

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Mr. Wilson’s two-storey mansion along scenic Point Grey Road in Vancouver’s Kitsilano neighbourhood is worth significantly more than when it was assessed on July 1, 2013, at $54.2-million.
BC Assessment is the provincial Crown corporation that estimates values annually on behalf of B.C. municipalities, which use the data to help determine how much homeowners will pay in property taxes.

By Vancouver standards, it marked a notable slowdown in price growth. His total property value of $75.8-million in mid-2016 had jumped 18.7 per cent from $63.9-million in mid-2015.

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