Only one Burnaby home is listed in the top 50 of B.C.鈥檚 most valuable residential properties.
It comes in at No. 47 and it鈥檚 owned by music superstar Michael Bubl茅 and reportedly includes an underground hockey rink.
According to BC Assessment, Bubl茅鈥檚 home at 7868 Government Rd. has dropped $1,160,000 in value to $20,506,000.
The next most valuable Burnaby residential property is a home at 7629 Burris in Buckingham Heights that is valued at $10.2 million. It landed at No. 484 on the top-500 list.
The drop in Bubl茅鈥檚 home is part of an overall drop in home values in Burnaby, with the city鈥檚 single-family homes seeing a 10% drop year over year.
According to B.C. Assessment, the buildings on the lot were worth $3.7 million in 2017 and $13.3 million in 2018 and then took a major leap to more than $21 million in 2019.聽
The new聽home was reportedly planned to be 27,000 square feet, but according to B.C. Assessment it鈥檚 a mere 22,308 sq. ft. (10,698 sq.-ft. first floor, 335 sq.-ft. second floor and an 11,275 sq.-ft. finished basement).
In 2016, Bubl茅 told TV host Kelly Ripa he was building a hockey rink in the basement of his new home.聽
鈥淥h, you are so rich,鈥� Ripa responded.
鈥淚 want my kids to be able to have fun and, for me, it鈥檚 great exercise,鈥� Bubl茅 told Ripa.
