Chilliwack owners of single-family homes can expect "modest" changes to their 2025 assessed property values.
A typical Chilliwack house was worth $907,000 on July 1, 2024 according to the 2025 release from BC Assessment, an increase of two per cent over the previous year's $890,000.
Neighbouring communities in the Eastern Fraser Valley had similar increases: the District of Kent +1% ($778,000), District of Hope +3% ($628,000), while Abbotsford saw 0% ($1,144,000), as did the Village of Harrison Hot Springs, 0% ($855,000).
"Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value for a second consecutive year," says BC Assessment Assessor Bryan Murao.
"Most homeowners can expect only modest assessment changes in the range of -5% to +5%."
Two examples where values dipped were Surrey by -3% and Pitt Meadows, where typical house valuations were down by -2%.
The assessments were completed for 1,120,000 properties throughout the Lower Mainland where overall total assessments have generally remained flat from about $2 trillion in 2024 to $2.01 trillion this year. Almost $27 billion of the region's updated assessments is from new construction, subdivisions and the rezoning of properties.
The BC Assessment summaries provided online provide estimates of typical 2024 versus 2025 assessed value changes of residential properties for each community throughout the region.
Updated property values are now online in addition to 2025 Property Assessment Notices being mailed out. The recent disruption of Canada Post delivery could delay the arrival of 2025 assessment notices but the digital version can always be downloaded.