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.)
New development in Kimberley is underway by Tyee Homes
Kimberley’s Tyee Homes is installing civic infrastructure and prepping for a multi-family duplex and townhouse development
Tyee Homes is moving dirt and installing civil infrastructure for their new 30-unit mixed duplex and multi-family development on lower Rotary Drive in Kimberley.
According to development applications submitted to the City of Kimberley, the building project will feature seven duplex lots and 23 multi-family townhouses. The new development will be somewhat of an extension of the existing Mark Creek Crossing, which was constructed several decades ago.
This is the second development for Tyee Homes along Rotary Drive, with another multi-family project starting along the upper portion of Rotary Drive/Mark Street and Knighton Road. This project is also at the foundational level.
Evidently, plans for the pre-sale of the units is slated for the future.
Source: Kootenay Business
To learn more about Tyee Homes, you can read our success story on CKDI.ca.