2023 Banff property assessments rise 19% to over $4bn, with hotels up 68% on average, surpassing pre-pandemic levels.

Banff's property assessments have risen by 19% to over $4bn, with hotel values up by 68% on average. Hotel assessments, impacted by the pandemic with 21% and 20.5% decreases in 2021 and 2022, have now recovered faster than expected. Non-residential property values have exceeded pre-pandemic levels, with commercial properties seeing an average increase of 41%. The deadline for disputing assessments is April 22nd.

March 05, 2024
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