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BC ASSESSMENT
North Shore property values slide in 2025
nsnews.com/newsletter
PUPPY LOVE
BRENT RICHTER
brichter@nsnews.com
Property values are down across the board in the Lower Mainland, including the North Shore, according to the latest numbers from BC Assessment.
As of July 1, 2025, the median price of a single-family home in the District of West Vancouver was $2,910,000 – down five per cent from 2024. In the District of North Vancouver, the median valuation for detached homes was $2,056,000, a three per cent drop from the year before. The City of North Vancouver’s houses were also down three per cent for a median of $1,937,000. Strata homes, including condos and townhouses, also saw a drop in value – two per cent each in the three North Shore municipalities. In the City of North Vancouver, the median valuation was $820,000 while the median valuations in the District of North Vancouver and District of West Vancouver were $928,000 and $1,354,000, respectively. The total value of all of British Columbia’s real estate is more than $2.75 trillion, a decrease of almost 2.5 per cent from last year, according to BC Assessment. “The softening housing market is being reflected in 2026 property assessments, said BC Assessment assessor Bryan Murao. “Many homeowners throughout the Lower Mainland can expect some decreases in assessed value with most changes ranging between -10 per cent to zero Continued on A21
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