Did You Know?

Both Cranbrook and Kimberley are under the average property tax gap of 2.60 between residential and business for B.C communities: Cranbrook’s property tax gap is 2.57 and Kimberley’s is 2.54.

  • From 2010 to 2015, Kimberley lowered its Municipal Property Tax Gap by 6.6% (Total Average Property Tax for Kimberley is $7,178). From 2010 to 2015, Cranbrook lowered its Municipal Property Tax Gap by 15.5% (Total Average Property Tax for Cranbrook is $6,743.)

Cranbrook tops $34 million in year-end construction values

The largest city in southeastern B.C. begins a new year with strong economic evidence that it will be the place to invest in 2018

College of the Rockies’ new trades facility, which will welcome students in September 2018, is one of many construction projects taking place in Cranbrook, B.C.

The last two years have set a new precedent for the Cranbrook-Kimberley Development Zone. In 2016, the City of Cranbrook saw a 50% growth in construction values over the previous year. Those values, which totalled $26,009,231, shot up once again in 2017 for a total of $34,412,242.

Institutional projects went up $12 million, driven primarily by the College of the Rockies’ new trades facility, which is set to be complete April 2018. The commercial sector also saw a $3.3 million increase for a total of $5,451,182 in 2017.

According to David Kim, Chief Administrative Officer for the City of Cranbrook, there is a lot of confidence in the local economy. On the horizon are some significant projects that will add up to as much as $20 million in the first part of 2018.

To read more and hear an audio clip from Kim, click here.