2025 BC Assessment’s top-valued homes

The founder of Lululemon still owns the most valuable home in B.C. in 2025.

This is according to BC Assessment, which released their 2025 property assessments, which reflect market value as of July 1, 2024, on Thursday.

Chip Wilson’s home along Point Grey Road now has a taxable value of $82,664,000, up slightly from the year before when it was valued at $81,765,000.

Wilson bucked the trend in the City of Vancouver, where, according to BC Assessments, the value of single-family homes remained flat. In 2024, the typical assessed value was $2,209,000, with it slightly dipping to $2,206,000 for 2025.

There was a slightly more pronounced dip for condos and strata in Vancouver, with a previous typical assessed value of $806,000 last year dipping to $798,000 this year.

“Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value for a second consecutive year,” said BC Assessment Assessor Bryan Murao in a statement Thursday. “Most homeowners can expect only modest assessment changes in the range of -5% to +5%.”

All but two of the top 10 most expensive properties in B.C. were in the City of Vancouver, with number 3 being the private James Island, and number 10 located in the District of West Vancouver. Rural Alberni on Vancouver Island, the Resort Municipality of Whistler, and the University Endowment Lands were the only other areas featured in the top 100 most valuable properties.

The City of Burnaby and the Village of Pemberton were the regions in the province that significantly bucked the trend of staying flat, with both of the areas seeing a rise in assessed value of 4 per cent. Meanwhile, the City of Surrey, Whistler, and the City of Pitt Meadows saw their values drop between -1 and -3 per cent.

BC Assessment explains that property owners can access their Notice of Assessment at the BC Assessment website, while hard copies will also be mailed to the owners.

“Property owners can find 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, 2024, or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January,” Murao explained.

Murao adds that changes in property assessments don’t automatically mean there will be a corresponding change in property taxes.

“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.”