2026 BC Property Assessments Are Now Available
BC Assessment has released 2026 property values, based on market conditions as of July 1, 2025. Across the Lower Mainland, including the North Shore, assessments generally softened compared to last year.
“The softening housing market is being reflected in 2026 property assessments,” says BC Assessment Assessor Bryan Murao. “Many homeowners throughout the Lower Mainland can expect some decreases in assessed value, with most changes ranging between -10% to 0%.”
How Have Typical Property Values Changed on the North Shore?
Single-Family Homes
| Municipality | Median 2026 Value | Change from 2025 |
|---|---|---|
| District of West Vancouver | $2,910,000 | -5% |
| District of North Vancouver | $2,056,000 | -3% |
| City of North Vancouver | $1,937,000 | -3% |
Strata Properties (Condos & Townhomes)
- Across North Vancouver, West Vancouver, and Vancouver as a whole: -2% on average
These values reflect comparable sales prior to July 1, 2025 and are used by municipalities to calculate property tax rates.
Understanding Property Taxes
It’s important to remember that changes in property assessments do not automatically translate into corresponding changes in property taxes.
“As noted on your assessment notice, how your assessment changes relative to the average change in your community is what may affect your property taxes,” explains Murao.
- If your assessment changes more than the community average, your taxes may increase.
- If your assessment changes less than the community average, your taxes may decrease.
Municipalities set tax rates based on total revenue needs, so your individual assessment is only one factor in determining your property taxes.
Are Your 2026 Assessments Fair?
If you’re wondering whether your assessment reflects current market value, it can be helpful to:
- Compare your assessment with recent sales in your neighbourhood
- Review similar homes in North Vancouver and West Vancouver
- Consider whether your property has been accurately classified
Can You Appeal Your Assessment?
Yes — you can appeal your BC Assessment if you believe it is too high, too low, or incorrect.
- Some North Shore homeowners even appeal for higher values if planning to sell and want their assessment to reflect market perception.
- Evidence is key: recent sales, market data, or professional appraisals strengthen your appeal.
- Deadlines matter: typically, the first step is the Property Assessment Review Panel, followed by the Property Assessment Appeal Board if needed.
We can help you review your assessment and supply relevant sales data if you’re considering an appeal. Learn more about appeals here. BC Assessment Appeal Guide >
What This Means for North & West Vancouver Homeowners
- Single-family homes: North Vancouver values down ~3%, West Vancouver down ~5%
- Strata properties: -2% on average
- Property taxes: Will depend on how your change compares to the community average
Even with a decrease in assessed value, taxes may not drop proportionally — reviewing your notice carefully is recommended.
Take Action
Find your 2026 BC Assessment: BC Assessment Search
Explore recent sales in your area:
Need help reviewing your assessment?
We’d be happy to go over your property value and provide local market perspective. Complete our form below or call us at 604.983.2518.
Thinking about an appeal?
Let us supply relevant sales data to support your review and help you navigate the appeal process.