How much is your home worth? B.C. property assessments updated for 2023 (but there’s a catch)

The B.C. Assessment Authority has updated its website allowing homeowners to see what the value of their home was as of July 1, 2022.

The catch is that the reported value is likely higher than the value today because the property market has retreated over the past six months due to rising interest rates.

The authority will be releasing full details of property value increases across the province on Jan. 4.

To check your home’s value, go to bcassessment.ca and search under the address.

The updated assessments arrive after a big year in real estate between July 2020 and July 2021 in which house prices across Canada jumped 34 per cent.