: “BC Assessment provides a stable base for property taxation in British Columbia.”
“Their criteria is pretty objective,” explains Christine Ryan, a Vancouver Island-based Sales Manager at . “But in reality, people buy homes, not houses. It’s often emotional.” “Price points are never fixed,” Ryan says. As an example, she points to a property with an assessed value of under $800,000 that sold for $1.35M.
She does acknowledge, however, that the assessments could potentially be more accurate for condominium buildings, as there would be a deeper history of transactions and the properties would be more similar — two important factors for BC Assessment valuations — than when comparing two single-detached homes in the same neighbourhood.
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