January 2026

If you’ve been following real estate headlines lately, you’d be forgiven for feeling confused, overwhelmed, or tempted to tune it all out entirely.

One day the market is “poised for a comeback.”
The next, it’s “on the brink.”
Interest rates are up, then down, then “expected to change.”
Predictions fly. Accuracy is… less consistent.

Every January, homeowners across British Columbia receive their BC Assessment notice. And almost without fail, the same question follows:

“Is this what my home is actually worth?”

Short answer: usually not.
Long answer: let’s unpack it...

What BC Assessment Is Actually For

BC Assessment determines property values for taxation purposes, not for pricing y...