2019 property assessments by BC Assessment are now available to view online on the e-valueBC system.
Anyone can visit www.bcassessment.ca and input a property address to see the assessed value. Users can also view the value of neighbouring properties, and see what they may have sold for in the past year.
All you need is the property’s street address. For condominiums and other multi-unit properties, users can select from a drop-down list of units at that street address.
The property’s value is based on the market value as of July 1 of the previous year.
BC Assessment fast facts
- Total number of 2019 properties in B.C. is 2,067,479, an approximate 1% increase from 2018.
- Total value of all real estate on the 2019 Assessment Roll is $2.18 trillion, an increase of nearly 18% from 2018.
- Total amount of 2019 ‘non-market change’, including new construction and development: approximately $31.68 billion, comparable with 2018.
- Approximately 88% of all B.C. properties are classified with some residential (Class 1) component.
- Highest assessed single residential property for 2019 is valued at $73.1 million, located in Vancouver.
- Over 98% of property owners typically accept their property assessment without proceeding to a formal, independent review of their assessment.
How property assessments in B.C. work
Every year, residents receive a notice from BC Assessment in January. Properties are assessed to determine their value, classification, and exemptions, if any.
The following characteristics are used to determine property values:
- Property location
- Land surface (topography)
- Age and condition of structure
What if there’s a disagreement about an assessment?
It’s not possible to dispute your property taxes, but you can appeal your assessment.
The first step is to contact BC Assessment at 1-866-825-8322. If a resolution is not reached, an independent appeal process will review the property’s assessed value. If an appeal is initiated, property taxes could decrease (refund may be issued) — or they could increase.
BC Assessment property values and trends
Community | 2018 Average | 2019 Average | % Change
City of Vancouver $ 1,832,000 $ 1,756,000 -4%
University Endowment Lands $ 6,662,500 $ 5,903,500 -11%
City of Burnaby $ 1,578,000 $ 1,513,000 -4%
City of Coquitlam $ 1,251,000 $ 1,254,000 +0.2%
City of Port Coquitlam $ 936,000 $ 969,000 +4%
City of Port Moody $ 1,284,000 $ 1,342,000 +5%
City of New Westminster $ 1,133,000 $ 1,147,000 +1%
City of North Vancouver $ 1,574,000 $ 1,510,000 -4%
District of North Vancouver $ 1,668,000 $ 1,668,000 0%
District of West Vancouver $ 3,184,000 $ 2,806,000 -12%
District of Squamish $ 875,000 $ 927,000 +6%
Resort Municipality of Whistler $ 1,743,000 $ 1,935,000 +11%
Village of Pemberton $ 727,000 $ 828,500 +14%
Bowen Island Municipality $ 894,000 $ 966,000 +8%
Village of Lions Bay $ 1,569,000 $ 1,492,500 -5%
Village of Belcarra $ 1,578,500 $ 1,460,500 -8%
Village of Anmore $ 2,011,500 $ 2,130,000 +6%
Town of Gibsons $ 605,000 $ 675,000 +12%
District of Sechelt $ 546,000 $ 605,000 +11%
Community | 2018 Average | 2019 Average | % Change
City of Vancouver $ 700,000 $ 740,000 +6%
City of Burnaby $ 558,000 $ 624,000 +12%
City of Coquitlam $ 521,000 $ 591,000 +13%
City of Port Coquitlam $ 461,000 $ 534,000 +16%
City of Port Moody $ 583,000 $ 648,000 +11%
City of New Westminster $ 478,000 $ 547,000 +14%
City of North Vancouver $ 659,000 $ 707,000 +7%
District of North Vancouver $ 709,000 $ 758,000 +7%
District of West Vancouver $ 1,211,000 $ 1,285,000 +6%
District of Squamish $ 492,000 $ 583,500 +19%
Resort Municipality of Whistler $ 781,000 $ 962,000 +23%
Top 10 most valuable residential properties in Greater Vancouver
The top 10 most expensive residential properties in Greater Vancouver are all within the City of Vancouver proper.
- 3085 Point Grey Rd, Vancouver 73,120,000
- 4707 Belmont Ave, Vancouver 65,466,000
- 4719 Belmont Ave, Vancouver 41,203,000
- 2815 Point Grey Rd, Vancouver 39,961,000
- 4743 Belmont Ave, Vancouver 37,724,000
- 4773 Belmont Ave, Vancouver 35,880,000
- 4857 Belmont Ave, Vancouver 35,621,000
- 3489 Osler St, Vancouver 35,157,000
- 2999 Point Grey Rd, Vancouver 35,012,000
- 1388 The Crescent, Vancouver 34,788,000
Property value of White Spot site doubles
Several high-profile properties in the news recently have seen major jumps in their assessed value, including the White Spot on West Georgia Street, which recently sold to a Hong Kong-based developer for $245 million.
BC Assessment values the property at $104 million, up from $52 million in 2016.
The previous owners of the property — Shato Holdings (proprietors of White Spot) — had floated a plan for two residential condo towers on the site. The new owners will almost certainly revised the proposal, especially considering the price paid for the property. The buildings will likely be taller, and contain larger, more expensive units.
Value of ‘mystery lot’ jumps considerably
Meanwhile, a few blocks away, the value of the city’s most infamous vacant lot has also increased — up $28 million in the past year alone. The property, at the corner of Robson Street and Broughton Street, has been vacant since the 1970s, despite being prime real estate with the potential for high-density development.
A CBC News story in 2015 tracked the ownership of the lot to a Hong Kong-based company called Melford Estates Limited, which was registered in B.C. in 1973. However, the company’s directors refused to comment.
Just across the lane from the vacant lot, a New York-based architect has designed two upcoming residential towers for developers Landa Global and Asia Standard Americas. The vacant lot is shown in the rendering below.
Value of future parkland remains stable
Meanwhile, the property value of Concord Pacific’s presentation centre and parking lot – slated to become a new park, has remained stable at $10,001. In 2015, the BC Supreme Court upheld Concord Pacific’s legal right to maintain a presentation centre on the future parkland. Residents in the area say they have been waiting for 30 years for the promised park to materialize.
BC Assessment is a provincial crown corporation, with the mandate of establishing and maintaining uniform property assessments.
Video: How BC Assessment assesses property value
The video explains factors BC Assessment uses to create property assessments in B.C.
Video: How your property value affects property taxes
The video outlines how your property value, as calculated by BC Assessment, impacts your property taxes.