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B.C. property values fell $90 billion in the Lower Mainland from July 2024 to July 2025, with declines in homes and condos, while some regions saw gains.
B.C.
Assessment data shows Lower Mainland property values dropped by $90 billion from July 2024 to July 2025, with existing homes declining $114 billion after excluding new construction.
Detached homes in White Rock fell up to 9%, Vancouver condos dropped 3% to $772,000, and overall market softening was noted.
Northern B.C.
saw gains, including a 3% rise in Prince George.
On Vancouver Island, total assessed value rose to $399 billion, driven by $4.7 billion in new builds, with most areas stable or slightly down.
The Okanagan saw mixed results, with some areas declining and Lytton surging 30% due to rebuilding.
Overall, B.C.’s assessed property value dipped 2.5% to $2.75 trillion, though tax changes depend on relative shifts within communities.
B.C. Los valores de las propiedades cayeron $ 90 mil millones en el Lower Mainland desde julio de 2024 hasta julio de 2025, con disminuciones en casas y condominios, mientras que algunas regiones vieron ganancias.