VANCOUVER — BC Assessment has announced the 2025 property assessments for more than 1.12 million properties across the Lower Mainland, reflecting market values as of July 1, 2024. Property owners can now view their updated assessments online at bcassessment.ca or wait for their mailed 2025 Property Assessment Notices.
“Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value for a second consecutive year,” stated Bryan Murao, BC Assessment’s Deputy Assessor. “Most homeowners can expect modest assessment changes in the range of -5% to +5%.”
BC Assessment, the province’s authority on property value assessments, collects and analyzes property data year-round. The latest figures show that total property assessments in the Lower Mainland have remained stable, increasing slightly from $2 trillion in 2024 to $2.01 trillion in 2025. Approximately $27 billion of this year’s total stems from new construction, subdivisions, and rezoning projects.
The Lower Mainland region includes Greater Vancouver, the Fraser Valley, Sea to Sky, and the Sunshine Coast. Property owners can explore the new assessment details using BC Assessment’s “Find Your Property Assessment” online tool.
For more information, visit bcassessment.ca.