Four examples of properties for sale on and the percentage decrease in assessed value those homes saw from 2019 to 2020, according to BC Assessment. (

Chilliwack homeowners will see values decrease for 2020

Small drop in residential valuations comes a year after double-digit percentage increase

Chilliwack homeowners who saw double-digit increases in assessed values a year ago are more likely to see almost as high a percentage decrease when 2020 assessments arrive in the mail in the coming days.

Owners of all the more than one million properties throughout the Lower Mainland can expect those notices from BC Assessment any day, notices that reflect market value as of July 1, 2019.

• READ MORE: Property assessments may give sticker shock to some Chilliwack homeowners – January 2019

In the example provided by the agency, a single family home in Chilliwack worth $613,000 may have seen a drop in value of four per cent to $590,000. (BC Assessment does not provide average home prices but gives examples of a ‘typical’ assessed value. To compare, the average single family home sale price in November 2019 in the Chilliwack and District Real Estate Board was $612,295.)

A typical change in the strata market (condos and townhouses) is from $351,000 in 2019 to $343,000 in 2020, or a two per cent decrease, according to BC Assessment deputy assessor Brian Smith.

And while Chilliwack is expected to see an overall market trend drop of four per cent, that is among the lowest decreases in the Lower Mainland. Outside of Whistler and Pemberton, which are considered in the Lower Mainland region, and which will see small increases in property values, most other communities in the area will see drops in value greater than Chilliwack.

Overall B.C. assessed home values are to dip 2.5 per cent in 2020, with large decreases in places like West Vancouver and increases in the Interior.

• READ MORE: B.C. assessed home values to dip 2.5% in 2020

“The Lower Mainland residential real estate market continues to see signs of moderation,” deputy assessor Smith said in a press release. “Depending on your location and property type, you will experience a different level of change on your 2020 Assessment Notice. Homes located in Whistler and Pemberton can expect a minimal increase in their assessments whereas the rest of the region will likely experience a reduced assessment value.”

While four per cent is deemed a typical drop in Chilliwack, a perusal of a few examples at random show different numbers. Some homes, particularly at the high end, saw very small percentage decreases, while some homes saw double-digit decreases in value.

For example, here are a number of homes listed for sale at, their list price, their 2020 assessed value compared to the previous year, and the percentage difference:

List Price

2020 Assessed Value

2019 Assessed Value

% difference

5404 Teskey Rd. $649,000 $640,000 $693,000 -7.65%
45261 Bernard Ave. $599,900 $497,000 $555,000 -10.45%
27-45715 Tamihi Way (townhouse) $473,000 $451,000 $479,000 -5.85%
407-9270 Edward St. (apartment) $329,900 $330,000 $351,000

5133 Cecil Ridge Pl. $919,000 $853,000 $908,000 -6.1%
51013 Nevin Rd. $667,900 $531,000



5818 Garrison Blvd. $785,000




48-47470 Chartwell Dr.





45874 Reece Ave.





Anyone can look up the assessed value of any property in B.C. at the BC Assessment website at

The website also provides self-service access to a free, online property assessment search service that allows anyone to search, check and compare 2020 property assessments for anywhere in the province. Property owners can unlock additional property search features by registering for a free BC Assessment custom account to check a property’s 10-year value history, store/access favourites, create comparisons, monitor neighbourhood sales, and use an interactive map. The website is now mobile-friendly, something new for 2020.

“Property owners can find a lot of valuable information on our website including answers to many assessment-related questions, but those who feel that their property assessment does not reflect market value as of July 1, 2019 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” Smith said.

“If a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by Jan. 31, for an independent review by a Property Assessment Review Panel.”

BC Assessment always attempts to dispel a perennial, common misconception, that is, that assessed values are connected to property taxes.

“It is important to understand that changes in property assessments do not automatically translate into a corresponding change in property taxes,” Smith explained. “As noted on your Assessment Notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”

Do you have something to add to this story, or something else we should report on? Email:

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Bold and brazen singer Begonia brings colourful show to Tractorgrease in Chilliwack

The musician from Winnipeg is equally comfortable singing lullabies, headbangers and ballads

PHOTOS: Home, Leisure and Outdoor Living Expo runs all weekend in Chilliwack

There are more than 250 vendors set up for the annual home show at Chilliwack Heritage Park

Second earthquake in two days strikes near Agassiz

A 2.6-magnitude recorded Saturday morning

Province bringing 421 new affordable childcare spaces to Fraser Valley

Supporting early childhood educators and creating spaces go hand in hand, minister says

Chilliwack pet food company shines light on the underdogs with contest

Petcurean’s Uplift the Underdog campaign aims to get animals who are usually overlooked, adopted

‘Presumptive case’ of coronavirus in Canada confirmed by Ontario doctors

Man in his 50s felt ill on his return to Canada from Wuhan, China

People knowingly take fentanyl so make policy changes to reduce harm: B.C. study

Dr. Jane Buxton, an epidemiologist at the centre, says drug users need more resources,

‘My heart is going to bleed’: Bodies brought back to Canada following Iran plane crash

Remains of Sahar Haghjoo, 37, and her eight-year-old daughter, Elsa Jadidi, were identified last weekend

Surrey tells Uber to cease operations in city, but company ‘respectfully’ declines

Ridesharing company told to stop operating within the city by 9 p.m. Jan. 24

Coronavirus concerns cause cancellation of Langley Lunar New Year celebration

Close to 1,000 were expected to attend the annual Live In Langley event on Saturday

BCLC opens novelty bet on Harry and Meghan moving to the west coast

Meanwhile, real estate agency points to four possible homes for the family

Canada slips in global corruption ranking in aftermath of SNC-Lavalin scandal

The country obtained a score of 77, which places it at the top in the Americas

Wuhan bans cars, Hong Kong closes schools as coronavirus spreads

Hong Kong leader Carrie Lam said her government will raise its response level to emergency, highest one

Most Read