January 12, 2021 - 7:00 AM While residential property values in the Thompson/Okanagan region increased last year despite COVID-19, the same can’t be said for commercial properties. The assessed value for Orchard Park Mall in Kelowna, for example, dropped by $50 million, while the Penticton Lakeside Inn’s value dropped by $5 million. “From what I understand, many of the hotels have gone down in value this past year,” Tracy Wall, Thompson Okanagan deputy assessor (Kelowna-Okanagan area) for B.C. Assessment, told iNFOnews.ca. “We based our assessment on what we believe they could have sold for last July 1 so, of course, many of these property types were impacted (by COVID-19) last summer.”