Fourth Quarter 2016
July 1st marks the date BC Assessment estimates the annual market value of properties in B.C. To estimate these values as of each July 1st, BC Assessment's professional appraisers analyze current sales in the local area evaluating all factors that buyers and sellers would consider. Some of these factors include a property's size, age, quality, condition, view and location. Learn more about how we assess properties.
BC Assessment’s Jason Grant, Acting Vice President of Assessment explains, “The market for residential strata properties in Vancouver has remained stable since July 1, 2016 and the single family market has decreased approximately 10 percent.”
Market movement chart (PDF).
The "Change in Market Value" percentages compare all quarters to the second quarter of 2015.
The number of sales in the most recent quarters will increase as sales continue to be registered at the Land Titles and Survey Authority (LTSA).