For those that state higher assessments will not necessarily result in higher property taxes - well they will if you own a sf detached house in Metro Vancouver.  Higher assessments can boost your house past the threshold for your home owners discount. You will lose $5 for every $1000 past that threshold to about $500 for the year. 
Almost every house in metro Vancouver is already over that 1.2 million threshold.

Yeah I know, poor homeowner.  But that increase will be passed along to basement suite renters, and taken out of spending in the local economy.