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Property values keep rising in N.S.

Property assessments in Nova Scotia continued to rise with an overall increase of about six per cent over last year.

Property assessments in Nova Scotia continued to rise with an overall increase of about six per cent over last year.

“The residential real-estate market remains quite stable,” Lloyd MacLellan, vice-president at Property Valuation Services Corp., said in a release.

“And there is also stability in the commercial real-estate market, with an actual growth rate of four per cent ... Overall, property values across Nova Scotia continue to move ahead, but at a lower rate than in the past few years.”

Assessments were mailed yesterday to more than 585,000 property owners across the province.