2025 Vancouver Island Property Assessments in Around Town
BC Assessment has released the updated property assessments, which reflect market value as of July 1, 2024.
The typical assessed values of single-family homes from 2023 to 2024 increased in Qualicum Beach, Courtenay, Cumberland, and Gold River by 2%, Comox by 5%, Sayward by 7%, Zeballos by 9 %, Alert Bay by 10%, and Tahsis by 23%. Tofino, Ucluelet, Port Hardy and Port Alice declined by 1 to 7 %, while Campbell River and Powell River remained the same. For Strata Homes, Courtenay and Campbell River increased by 4 and 5%.
Over all, real estate values have increased nearly $5 billion year-over-year from $386 billion in 2024 to almost $391 billion in 2025. New construction, subdivisions and the rezoning of properties makes up nearly $4.89 billion of Vancouver Island’s updated assessments.
The newly released 2025 property assessment details can be searched and accessed any time at bcassessment.ca by using BC Assessment’s Find your property assessment online service.
Source: BC Assessment.
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