Updated September 2026
What your assessment measures
BC Assessment estimates your home's market value as of July 1 of the previous year, with its physical condition as of October 31. So your 2026 assessment reflects the market in July 2025. It's calculated by mass appraisal: a model based on sales of similar properties in your area, not an inspection of your home.
Why the sale price can be higher or lower
- Timing. The market can move a lot in the months since the valuation date.
- Condition and updates. The model may not know about a new kitchen, a basement suite or a roof that needs replacing.
- Features buyers pay for. Views, lot orientation, privacy and street appeal are hard for a model to price.
- Competition. What's for sale near you today sets buyer expectations.
How to use your assessment
Look up your assessment for free at bcassessment.ca. Treat it as a starting point, then compare it with recent sales in your neighbourhood. For a price you can list at, ask for an evaluation.
Frequently asked questions
Should I list my home at its assessed value?
Not automatically. Assessments are based on last July's market and a mass appraisal model. List based on recent comparable sales and current competition.
Why is my assessment higher than what homes are selling for?
If prices have fallen since the July 1 valuation date, or your home needs work the model doesn't know about, the assessment can be higher than today's market value.
Source: BC Assessment, market value and your property assessment.