BC Property owners received their 2020 assessment notices in the first week of January, which reflects the market value as of July 1, 2019.
Assessments for strata units throughout Greater Vancouver decreased with West Vancouver leading with a decline of 10 per cent, followed by Burnaby, Coquitlam, New Westminster, and North Vancouver District which all dropped by nine per cent, followed by Richmond with an eight per cent decrease.
Assessments for detached homes were also lower, with West Vancouver again leading the way with a 16 per cent decrease. Coquitlam, Port Moody, and Vancouver all saw an 11 per cent decrease, while Maple Ridge and Pitt Meadows each dipped six per cent.
Only three communities saw increases for detached homes: Whistler (5%), Pemberton (5%), and Squamish (0.3%).