BC Assessments aren’t designed to tell you what your home is actually worth today. They’re a snapshot of the market as of July 1st of the previous year — long before interest rate swings, inventory shifts, price changes, and local neighbourhood trends reshape real value. Here’s what most homeowners don’t realize: • Assessments don’t account for renovations, upgrades, or condition differences — three homes with wildly different quality can share similar assessed values. • They lump neighbourhoods
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