KELOWNA — The 2026 property assessments, which reflect market value as of July 1, 2025, have been announced for property owners of nearly 450,000 properties throughout the Southern Interior. The updated property values are now available at bcassessment.ca in addition to 2026 Property Assessment Notices being mailed to each property owner.
“For 2026, most homeowners can expect generally modest property assessment value changes in the -5% to +5% range for many Thompson Okanagan communities while homeowners in Kootenay Columbia areas may see a slightly higher rate of change in the -5% to +10% range," says BC Assessment Deputy Assessor Boris Warkentin. “Lytton remains an exception as that community continues to rapidly add value through its recovery and rebuilding efforts."
As B.C.'s provider of property assessment information, BC Assessment collects, monitors and analyzes property data throughout the year. The newly released 2026 property assessment details can be searched and accessed any time at
bcassessment.ca by using BC Assessment's Assessment Search online service.
Overall, the Southern Interior's total assessments increased from about $323 billion in 2025 to almost $330 billion this year. A total of over $5.29 billion of the region's updated assessments is from new construction, subdivisions and the rezoning of properties.
BC's Southern Interior region includes the main urban centres of Kelowna, Kamloops, and Cranbrook as well as all surrounding Okanagan, Thompson, and Kootenay Columbia communities as listed below.
The summaries below provide estimates of typical 2025 versus 2026 assessed values of properties throughout the region.
These examples demonstrate market trends for
single-family residential properties by geographic area throughout the Southern Interior:*
THOMPSON OKANAGAN COMMUNITIES:
Single Family Homes
Changes by Community |
2025 Typical
Assessed Value
as of July 1, 2024 |
2026 Typical
Assessed Value
as of July 1, 2025 |
%
Change |
| City of Kelowna | $938,000 | $918,000 | -2% |
| City of West Kelowna | $904,000 | $892,000 | -1% |
| District of Lake Country | $930,000 | $933,000 | 0% |
| City of Penticton | $693,000 | $700,000 | +1% |
| District of Summerland | $763,000 | $752,000 | -1% |
| Village of Keremeos | $499,000 | $519,000 | +4% |
| Town of Oliver | $618,000 | $611,000 | -1% |
| Town of Osoyoos | $667,000 | $639,000 | -4% |
| Town of Princeton | $379,000 | $387,000 | +2% |
| District of Peachland | $885,000 | $871,000 | -2% |
| City of Armstrong | $639,000 | $628,000 | -2% |
| City of Enderby | $535,000 | $529,000 | -1% |
| City of Vernon | $721,000 | $721,000 | 0% |
| District of Coldstream | $902,000 | $910,000 | +1% |
| City of Salmon Arm | $661,000 | $658,000 | 0% |
| Township of Spallumcheen | $624,000 | $611,000 | -2% |
| District of Sicamous | $503,000 | $514,000 | +2% |
| Village of Lumby | $571,000 | $577,000 | +1% |
| City of Kamloops | $693,000 | $693,000 | 0% |
| District of Barriere | $404,000 | $417,000 | +3% |
| District of Clearwater | $407,000 | $423,000 | +4% |
| City of Merritt | $458,000 | $450,000 | -2% |
| Village of Ashcroft | $416,000 | $396,000 | -5% |
| Village of Cache Creek | $318,000 | $315,000 | -1% |
| Village of Chase | $491,000 | $505,000 | +3% |
| Village of Clinton | $234,000 | $234,000 | 0% |
| District of Logan Lake | $450,000 | $449,000 | 0% |
| District of Lillooet | $394,000 | $404,000 | +3% |
| Sun Peaks Mountain Resort | $1,486,000 | $1,463,000 | -2% |
| Village of Lytton | $233,000 | $303,000 | +30%
|
*All data calculated based on median values.
These examples demonstrate market trends for
single-family residential properties by geographic area:*
KOOTENAY COLUMBIA COMMUNITIES:
Single Family Homes
Changes by Community |
2025 Typical
Assessed Value
as of July 1, 2024 |
2026 Typical
Assessed Value
as of July 1, 2025 |
%
Change |
| City of Castlegar | $520,000 | $519,000 | 0% |
| City of Cranbrook | $503,000 | $517,000 | +3% |
| City of Fernie | $856,000 | $911,000 | +6% |
| City of Grand Forks | $422,000 | $427,000 | +1% |
| City of Greenwood | $249,000 | $243,000 | -2% |
| City of Kimberley | $533,000 | $564,000 | +6% |
| City of Nelson | $681,000 | $699,000 | +3% |
| City of Revelstoke | $860,000 | $881,000 | +2% |
| City of Rossland | $615,000 | $625,000 | +2% |
| City of Trail | $376,000 | $376,000 | 0% |
| District of Elkford | $390,000 | $406,000 | +4% |
| District of Invermere | $679,000 | $707,000 | +4% |
| District of Sparwood | $419,000 | $457,000 | +9% |
| Town of Creston | $422,000 | $427,000 | +1% |
| Town of Golden | $634,000 | $649,000 | +2% |
| Village of Canal Flats | $326,000 | $356,000 | +9% |
| Village of Fruitvale | $455,000 | $470,000 | +3% |
| Village of Kaslo | $490,000 | $488,000 | 0% |
| Village of Midway | $340,000 | $330,000 | -3% |
| Village of Montrose | $451,000 | $453,000 | 0% |
| Village of Nakusp | $419,000 | $438,000 | +5% |
| Village of New Denver | $401,000 | $409,000 | +2% |
| Village of Radium Hot Springs | $488,000 | $529,000 | +8% |
| Village of Salmo | $379,000 | $391,000 | +3% |
| Village of Silverton | $429,000 | $443,000 | +3% |
| Village of Slocan | $403,000 | $407,000 | +1% |
| Village of Warfield | $408,000 | $417,000 | +2%
|
*All data calculated based on median values.
These examples demonstrate market trends for
strata residential properties (e.g. condos/townhouses) by geographic area for select Southern Interior urban communities:*
Strata Homes
(Condos/Townhouses)
Changes by Community |
2025 Typical
Assessed Value
as of July 1, 2024 |
2026 Typical
Assessed Value
as of July 1, 2025 |
%
Change |
| City of Kelowna | $493,000 | $488,000 | -1% |
| City of West Kelowna | $538,000 | $557,000 | +4% |
| City of Penticton | $405,000 | $406,000 | 0% |
| City of Vernon | $400,000 | $400,000 | 0% |
| City of Kamloops | $401,000 | $399,000 | 0% |
| Sun Peaks Mountain Resort | $768,000 | $774,000 | +1% |
| City of Cranbrook | $270,000 | $278,000 | +3% |
| City of Nelson | $560,000 | $560,000 | 0%
|
*All data calculated based on median values.
BC Assessment's website at
bcassessment.ca includes more details about 2026 assessments, property information and trends such as lists of 2026's top valued residential properties across the province and an interactive map.
The website also provides self-service access to a free, online property assessment search service that allows anyone to search, check and compare 2026 property assessments for anywhere in the province. Property owners can also download a digital copy of their 2026 property assessment.
“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, 2025 or see incorrect information on their notice, should contact BC Assessment as indicated on their notice as soon as possible in January," says Warkentin.
“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 January 31st, for an independent review by a Property Assessment Review Panel," adds Warkentin.
The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the provincial government, and typically meet from early February to mid-March to hear formal complaints.
"It is important to understand that changes in property assessments do not automatically translate into a corresponding change in property taxes," explains Warkentin. "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."
Have questions?
Property owners can contact BC Assessment toll-free at 1-866-valueBC (1-866-825-8322) or online at
bcassessment.ca. During the month of January, hours of operation are 8:30 a.m. to 5:00 p.m., Monday to Friday.
Media contact:
Boris Warkentin
Southern Interior Deputy Assessor BC Assessment
Tel. 1.866.825.8322 Ext. 19254 / Cell: 1-250-718-6280
Email:
Boris.Warkentin@bcassessment.ca
MEDIA BACKGROUNDER
Facts on B.C. Property Assessments
- Total number of British Columbia properties assessed in 2026 is 2,233,648, about a one percent increase from 2025.
- Total value of British Columbia real estate in 2026 is more than $2.75 trillion, a decrease of almost 2.5 percent from 2025.
- Total amount of British Columbia non-market change for 2026, including new construction, rezonings and subdivisions is approximately $34.7 billion, a decrease of about 9.4 percent from 2025's $38.3 billion.
- In B.C., approximately 91 percent of all properties are classified with some residential (Class 1) component.
- Over 98 percent of property owners typically accept their property assessment without proceeding to a formal, independent review of their assessment.
- Assessments are the estimate of a property's market value as of July 1, 2025 and physical condition as of October 31, 2025. This common valuation date ensures there is an equitable property assessment base for property taxation.
- Changes in property assessments reflect movement in the local real estate market and can vary greatly from property to property. When estimating a property's market value, BC Assessment's professional appraisers analyze current sales in the area, as well as considering other characteristics such as size, age, quality, condition, view and location.
- Real estate sales determine a property's value which is reported annually by BC Assessment. Local governments and other taxing authorities are responsible for property taxation and, after determining their own budget needs this spring, will calculate property tax rates based on the assessment roll for their jurisdiction.
- Our property assessments provide the foundation for local and provincial taxing authorities to raise nearly $12 billion in property taxes each year. This revenue funds the many community services provided by local governments around the province as well as the K-12 education system.
- BC Assessment's website provides a listing of property assessments and sales to help property owners understand their property's market value and provide comparable sales information. Go to bcassessment.ca and try our Assessment Search tool.
- For more information on property assessments, real estate market trends, and lists of the province's top valued residential properties, please visit bcassessment.ca and click on the Property Information & Trends link.
