Assessed value of lululemon founder Chip Wilson's home rises 2.9 percent, topping $66.8 million

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      Consider it a sign of the times.

      Vancouver billionaire Chip Wilson's home has just received a higher assessment, reflecting the city's buoyant residential real-estate market in the midst of a pandemic.

      B.C. Assessment pegged the value of his mansion on Point Grey Road at just over $66.8 million. That's up 2.9 percent from the previous year, but remains well below the $78.8-million at the start of 2018.

      The custom-built home has 15,694 square feet on two floors and a basement. It includes seven bedrooms and nine bathrooms.

      Assessments are made on July 1 of the previous year and posted in early January.

      Wilson's estate is on the waterfront. In recent years, some low-lying properties have not fared as well with their assessments as property on higher ground, according to a 2018 study published in Environmental Research Letters.

      One of the coauthors, Jessie Keenan, is a professor in the Tulane School of Architecture.

      In the video below, he points out that moving seniors from south Florida to central Florida, due to rising sea levels, is going to require the development of a great deal of health-care infrastructure.

      Video: A scholarly discussion on the impact of climate change on low-lying properties was held in early December.