What 2024 B.C. assessments say about value of properties around province
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Global News
What 2024 B.C. assessments say about value of properties around province
The 2024 B.C. assessments are in the mail. And homeowners may be surprised there is not much change from last year. Most of the region has seen a range of up or down five per cent. Alissa Thibault looks at what is behind the unusually stable market.
Jan 2, 2024
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Your 2026 BC Assessment notice just arrived, and property values are DOWN 📉. Here’s what it actually means for you. • Vancouver single-family homes dropped 5%—now at $2.09 million avg. • Lower Mainland values fell nearly $90 billion total. • Lower assessment ≠ automatic tax cut. • Taxes drop only if your home fell more than your community’s average. Why this matters: In a softening market, these drops signal buyer leverage right now—perfect timing if you’re eyeing Vancouver or Lower Mainland pr
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Did you check yours yet… or did you check your neighbour’s first? 👀😄 BC Assessment notices are out! That number isn’t your tax bill. First, Council sets the budget (we’re in that process now — watch for chances to engage). Then, the required property tax revenue is divided across properties based on property class and assessed values. If your property value went up more than average, your increase will likely be bigger too. Questions about your assessment or an appeal? BC Assessment is the pla
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