Greater Vancouver assessments up overall
At a glance (3 minute read)
- BC Assessments are now out. You can find your assessment on BC Assessment’s website.
- Assessments reflect market value as of July 1, 2022.
- Assessments increased throughout Greater Vancouver for detached and strata homes.
Property owners receive their 2022 assessment notices, which reflect the market value as of July 1, 2022, the first week of January.
Assessments increased throughout Greater Vancouver for detached and strata homes.
For detached homes, Pemberton saw the highest increase at 16 per cent, followed by Pitt Meadows and Sechelt, each with a 15 per cent increase, and Delta, New Westminster and Whistler, each with an 11 per cent increase.
For strata homes, Whistler saw the largest increase at 17 per cent, followed by Squamish with a 16 per cent increase.
For new construction or substantially renovated homes, the estimate is based on the physical condition as of October 31, 2022.
Viewing the assessment notice
Property owners can also see a property’s assessment using the address on BC Assessment’s (BCA) website.
Details include a photo, a property description (land and buildings), the total assessed value, the previous year’s value, the legal description, and property ID.
If property details are incorrect, property owners are directed to complete and submit an Data Validation Form.
Property owners can also compare neighbouring properties and sample sold properties to determine whether their property has been correctly assessed.
Deadline to appeal assessment is January 31, 2023
Property owners who disagree with their assessment should do homework by:
- comparing their assessment with neighbouring properties; and
- contacting BCA at 1-866-825-8322. Staff can make adjustments if there’s an obvious error, for example if BCA included a complete renovation when there was only a spruce-up or an upgrade for plumbing or electrical.
Property owners who decide to appeal their property assessment should review information on the Property Assessment Appeal Board website on how to prepare for an appeal.
Each year less than one per cent of BC property owners appeal their assessments.
Note: you can’t appeal your taxes. You can only appeal your assessment.
For information about assessments and to access e-valueBC visit: www.bcassessment.ca or call 1-866-825-8322.
Sample Property Value Changes year over year, by neighbourhood |
||||
Location |
2022 Typical Assessed Value as of July 1, 2021 |
2023 Typical Assessed Value |
$ Change |
% Change |
Bowen Island detached |
$1,271,000 |
$1,363,000 |
$92,000 |
+7% |
Burnaby detached |
$1,725,000 |
$1,898,000 |
$173,000 |
+10% |
Burnaby strata |
$646,000 |
$720,000 |
$74,000 |
+12% |
Coquitlam detached |
$1,499,000 |
$1,650,000 |
$151,000 |
+10% |
Coquitlam strata |
$631,000 |
$711,000 |
$80,000 |
+13% |
Delta (incl Ladner/Tsawwassen) detached |
$1,285,000 |
$1,428,000 |
$143,000 |
+11% |
Delta strata |
$625,000 |
$734,000 |
$109,000 |
18% |
Gibsons detached |
$894,000 |
$982,000 |
$88,000 |
+10% |
Maple Ridge detached |
$1,118,000 |
$1,203,000 |
$85,000 |
+8% |
Maple Ridge strata |
$563,000 |
$649,000 |
$86,000 |
+15% |
New Westminster detached |
$1,388,000 |
$1,543,000 |
$155,000 |
+11% |
New Westminster strata |
$558,000 |
$626,000 |
$68,000 |
+12% |
City of North Vancouver detached |
$1,777,000 |
$1,947,000 |
$170,000 |
+10% |
City of North Vancouver strata |
$761,000 |
$840,000 |
$79,000 |
+10% |
North Vancouver, District detached |
$1,931,000 |
$2,050,000 |
$119,000 |
+6% |
North Vancouver District strata |
$834,000 |
$929,000 |
$95,000 |
+11% |
Pemberton detached |
$1,151,000 |
$1,333,000 |
$182,000 |
+16% |
Pitt Meadows detached |
$1,125,000 |
$1,293,000 |
$168,000 |
+15% |
Port Coquitlam detached |
$1,233,000 |
$1,347,000 |
$114,000 |
+9% |
Port Coquitlam strata |
$574,000 |
$648,000 |
$74,000 |
+13% |
Port Moody detached |
$1,627,000 |
$1,793,000 |
$166,000 |
+10% |
Port Moody strata |
$731,000 |
$826,000 |
$95,000 |
13% |
Richmond detached |
$1,699,000 |
$1,822,000 |
$123,000 |
+7% |
Richmond strata |
$677,000 |
$752,000 |
$75,000 |
+11% |
Sechelt detached |
$818,000 |
$943,000 |
$125,000 |
+15% |
Squamish detached |
$1,386,000 |
$1,497,000 |
$111,000 |
+8% |
Squamish strata |
$725,000 |
$843,000 |
$118,000 |
+16% |
Vancouver detached |
$1,994,000 |
$2,125,000 |
$131,000 |
+7% |
Vancouver strata |
$759,000 |
$803,000 |
$44,000 |
+6% |
West Vancouver detached |
$2,992,000 |
$3,111,000 |
$119,000 |
+4% |
West Vancouver strata |
$1,323,000 |
$1,416,000 |
$93,000 |
+7% |
Whistler detached |
$2,626,000 |
$2,902,000 |
$276,000 |
+11% |
Whistler strata |
$1,154,000 |
$1,345,000 |
$191,000 |
+17% |
Source: BC Assessment
Read more about Greater Vancouver assessments.
Did you know?
Read about BC highlights here.
- BCA is a provincial Crown corporation, since 1974 responsible for determining and reporting property value estimates.
- Number of properties assessed province-wide: 2,160,828 an increase of one per cent since 2022.
- Total value of the 2023 roll is $2.72 trillion, an increase of 12 per cent from 2021.
- Total value of new construction, subdivisions and rezoning: $33.52 billion.
Read about Lower Mainland highlights here.
- For the Lower Mainland region, total assessments increased to $1.94 trillion from $1.75 trillion in 2022.
- $23 billion of the Lower Mainland region's updated assessments is from new construction, subdivisions and the rezoning of properties.
Property tax
Property taxation is determined by local and provincial taxing authorities after determining their budget needs and calculating property tax rates based on the assessment roll for their jurisdiction.
Municipalities determine tax rates for each property class in the spring, once the assessment roll is finalized. Changes in assessment over the year don’t automatically translate into the same percentage changes in property taxes for any particular class of property or for any individual property.
Questions? Contact BC Assessment.
View BC’s 500 highest valued properties here.
Learn more about Lower Mainland assessments here.
Learn about province-wide assessments here.