Whistler property assessments for 2024 have seen a slight decline, according to the latest figures from BC Assessment.
Homeowners across the Sea to Sky corridor are receiving their 2024 assessment notices, which reflect market value as of July 1, 2023. In Whistler, single-detached homes saw a 1% decrease in value, dropping from $2,902,000 in 2022 to $2,842,000 in 2023. Strata properties, including condos and townhomes have had minimal change with assessments falling from $1,358,000 to $1,349,000.
Despite these declines, Whistler remains a hotspot for high-value properties. Several homes appear on BC Assessment's annual list of top-valued residential properties in the Lower Mainland, including a $31,939,000 home Stonebridge that ranks among the top 50.
In neighboring Squamish, property assessments also trended downward. Single-family homes dropped by 1%, from $1,496,000 in 2022 to $1,475,000 in 2023, while condos and townhomes declined by 2%, from $844,000 to $830,000. Conversely, Pemberton saw a slight uptick in assessments, bucking the trend with modest gains.
Stabilized Market Trends
According to BC Assessment Assessor Bryan Murao, "Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value. Most homeowners can expect only modest changes from -5% to +5%."
While residential property values have remained relatively stable, commercial and industrial properties are experiencing higher rates of increase, particularly in areas like the Fraser Valley, where limited industrial land has driven up demand.
Next Steps for Homeowners
Homeowners can find detailed information about their assessments on the BC Assessment website, including FAQs and support for inquiries.
“Those who feel their property assessment does not reflect market value as of July 1, 2023, or see incorrect information, should contact BC Assessment as soon as possible in January,” says Murao. “If concerns remain, owners can file a Notice of Complaint (Appeal) by January 31 for an independent review by a Property Assessment Review Panel.”
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.