Chip Wilson home on Point Grey Road assessed at $78.8 million

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      Once again, the billionaire founder of lululemon athletica owns the residential property with B.C.'s highest assessed value.

      His waterfront mansion on Point Grey Road has been valued at $78.8 milllion by B.C. Assessment.

      That's $3.4 million more than last year's figure, which topped the 2017 list.

      In second place at $71.8 million is a palatial estate at 4707 Belmont Avenue, which overlooks the beach at Spanish Banks.

      Five of the top 12 are on Belmont Avenue and three of the top 12 are on Point Grey Road.

      Only four of the 20 most valuable residential properties were outside of Vancouver, including James Island, which came in third at $54.5 million.

      The most valuable condo is 3101-277 Thurlow Street, clocking in at $32.3 million.

      The video below shows an overview of B.C. property assessments by region.

      This video summarizes major assessment trends across the province.

      The video reveals that the total value of all real estate on the 2018 B.C. assessment roll increased 12 percent to more than $1.86 trillion.

      In Metro Vancouver, the assessed value of urban residential detached homes ranged from a five percent drop to a 15 percent increase.

      Urban strata titles in the Lower Mainland rose from five to 35 percent on the year.