Most cities in British Columbia's Lower Mainland saw property assessment declines for 2026, reflecting a softening housing market. About 72% of municipalities experienced decreases in single-family home values, mostly between -10% and 0%. White Rock had the largest drop at 9%. Condominium and townhouse values also mostly fell, with Surrey seeing a 7% decline. Overall property values in the region decreased from $2.01 trillion to $1.92 trillion.
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