BC Assessment is now out with the 2024 assessed values for all properties across the province. The valuation date of assessed values is July 1 of the proceeding year. So, the assessed value now available reflects a backward looking valuation date of July 1, 2023. A second important date to bear in mind is Oct. 31 which is the date BC Assessment uses to determine a property's physical condition and permitted use/s, for assessment purposes.
Confused yet? To summarize, you can look up a property's assessed value which will reflect the Oct. 31,2023 physical condition and permitted use of a property, as though valued on July 1, 2023.
BC Assessment has said that residential property assessment values in the Lower Mainland and Fraser Valley have broadly trended in a range of -5% to +5% in terms of value change. This makes sense given real estate board stats that show a surprisingly resilient housing market that is generally balanced and stable, with respect to pricing and activity.
You can search up your own or another property's assessment at the link below:
If you would like a second opinion on the reasonableness or accuracy of your property assessment, I would be pleased to have a chat to discuss the figures with you. There are no strings attached and I do this is a free service.