Just received the property assessment value. For my house, the assessment value is $600,000 in Jan. 2012. But the assessment value will be $500,000 in 2013, which means $100,000 decrease in 2013. However, the house will contibue to increaee untill 2016, and the value for my house will reach ay $600,000 again in 2016.
The house price forecast seems consistent with the slowdown global and Canadian economy.