The big change in property assessments across B.C. this year, including in 91原创, was how little changed for once.

After years in which property assessments usually went up 鈥� often by significant amounts 鈥� this year most properties in 91原创 Township and City only changed by about two per cent.

鈥淎cross the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value,鈥� said BC Assessment Assessor Bryan Murao.

Most homeowners would see the assessed value of their home rise or dip by five per cent or less, he said.

鈥淭hese assessment changes are notably less than previous years.鈥�

In 91原创, the assessed value of single family homes moved by just two percent.

In the Township, values were up two per cent, to $1,446,000 for a typical detached house, while in the City values dipped by two per cent, to $1,308,000 on average.

For condos and townhouses, it was much the same story.

In the Township, the value of a typical strata unit home was up two per cent to $777,000, while in the City, values dipped by just one per cent, to $546,000.

That鈥檚 a huge change compared to last year. In January 2023, BC Assessment found that the average assessed value of a single family home in the Township was up by 15 per cent, and strata properties were up by 13 per cent.

In the City, detached homes were up by eight per cent last year, strata properties up by 20 per cent.

READ MORE: Assessments show sharp spike in property values in 91原创 up to summer

Assessments are conducted earlier in the year, with the value of each property evaluated as of July 1, 2023.

Notices are being sent out to individual property owners early this month.

People who feel their assessment is wrong can appeal, but they have to file by Jan. 31. More information can be found at

Property taxes are related to assessments, but they do not directly go up based on them 鈥� for example, a 10 per cent increase in assessed value does not equal a 10 per cent boost in taxes.

Municipal governments do not change their tax bills based on the absolute change in assessed value of a home.

In general, a property owner鈥檚 taxes may go up if the value of their property went up by more than average for that type. However, if the assessed value went down, or went up by less than the average, it could result in paying slightly less taxes than the year before.

If everyone鈥檚 assessed value goes down, however, a drop in assessed value won鈥檛 result in a decrease in taxes.

In the end, the biggest factor is whether municipal councils vote to raise property taxes overall, and by how much.