PRINCE GEORGE – The property assessments for almost 250,000 properties throughout North Central BC have now been released.
“Most North Central home owners can generally expect to see assessment changes in the range of approximately -5% to +10% when they check their updated 2025 values with some exceptions depending on the community,” says Deputy Assessor Teria Penner. “Arrival in the mail of 2025 Assessment Notices might be delayed due to ongoing Canada Post backlogs, but 2025 values are readily available at bcassessment.ca, using our online property search service.”
Overall, North Central BC’s total assessments increased from about $95.2 billion in 2024 to over $99.8 billion this year. A total of about $1.3 billion of the region’s updated assessments is from new construction, subdivisions and the rezoning of properties.
The North Central BC region encompasses approximately 70 per cent of the province: stretching east to the Alberta border, north to the Yukon border, west to Bella Coola including Haida Gwaii and to the south, just north of Clinton.
The summaries below provide estimates of typical 2024 versus 2025 assessed values of properties throughout the region. These examples demonstrate market trends for single-family residential properties by geographic area:*
| Single Family Homes
Changes by Community |
2024 Typical
Assessed Value as of July 1, 2023 |
2025 Typical
Assessed Value as of July 1, 2024 |
%
Change |
| District of 100 Mile House | $382,000 | $397,000 | +4 % |
| Village of Burns Lake | $222,000 | $265,000 | +19 % |
| Bella Coola Rural | $238,000 | $245,000 | +3 % |
| District of Chetwynd | $254,000 | $261,000 | +2 % |
| Village of Daajing Giids | $398,000 | $395,000 | -1 % |
| City of Dawson Creek | $277,000 | $282,000 | +2 % |
| District of Fort St James | $207,000 | $214,000 | +3 % |
| City of Fort St John | $335,000 | $345,000 | +3 % |
| Village of Fraser Lake | $194,000 | $199,000 | +3 % |
| Village of Granisle | $100,000 | $102,000 | +1 % |
| Village of Hazelton | $256,000 | $268,000 | +5 % |
| District of Houston | $261,000 | $262,000 | 0 % |
| District of Hudson’s Hope | $201,000 | $200,000 | -1 % |
| District of Kitimat | $344,000 | $345,000 | 0 % |
| District of Mackenzie | $174,000 | $173,000 | -1 % |
| Village of Masset | $225,000 | $232,000 | +3 % |
| Village of McBride | $201,000 | $213,000 | +6 % |
| District of New Hazelton | $213,000 | $223,000 | +5 % |
| Northern Rockies Regional Municipality |
$147,000 | $149,000 | +2 % |
| Village of Port Clements | $188,000 | $194,000 | +3 % |
| District of Port Edward | $283,000 | $286,000 | +1 % |
| Village of Pouce Coupe | $209,000 | $214,000 | +2 % |
| City of Prince George | $438,000 | $451,000 | +3 % |
| City of Prince Rupert | $409,000 | $417,000 | +2 % |
| Queen Charlotte (Haida Gwaii) |
$283,000 | $305,000 | +8 % |
| City of Quesnel | $329,000 | $339,000 | +3 % |
| Town of Smithers | $489,000 | $506,000 | +3 % |
| District of Stewart | $179,000 | $179,000 | 0 % |
| District of Taylor | $208,000 | $220,000 | +6 % |
| Village of Telkwa | $421,000 | $434,000 | +3 % |
| City of Terrace | $448,000 | $484,000 | +8 % |
| District of Tumbler Ridge | $180,000 | $203,000 | +13 % |
| Village of Valemount | $337,000 | $320,000 | -5 % |
| District of Vanderhoof | $319,000 | $335,000 | +5 % |
| District of Wells | $159,000 | $175,000 | +10 % |
| City of Williams Lake | $381,000 | $419,000 | +10 % |
| *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 Northern BC urban centres:*
| Strata Homes
(Condos/Townhouses) by Community |
2024
Typical Value as of July 1, 2023 |
2025
Typical Value as of July 1, 2024 |
%
Change |
| City of Prince George | $252,000 | $265,000 | +5 % |
| City of Fort St John | $195,000 | $178,000 | -9 % |
| City of Dawson Creek | $173,000 | $172,000 | -1 % |
| District of Kitimat | $270,000 | $261,000 | -3 % |
| Town of Smithers | $375,000 | $408,000 | +9 % |
| City of Terrace | $216,000 | $240,000 | +11 % |
| City of Williams Lake | $174,000 | $192,000 | +11 % |
| *All data calculated based on median values. | |||
The total number of BC properties assessed in 2025 is 2,207,009, an almost one percent increase from 2024 and the total value is about $2.83 trillion, an increase of about 1.5 percent from 2024. The amount of non-market change for 2025, including new construction, rezonings and subdivisions is approximately $38.3 billion, a decrease of over 3 percent from 2024’s $39.6 billion.
A property owner may submit a Notice of Complaint (Appeal) by January 31st, for an independent review by a Property Assessment Review Panel if they feel the assessment is inaccurate. Typically, about 2% of property owners contest the assessments and proceed to a formal independent review.
The Property Assessment Review Panels, independent of BC Assessment, are appointed annually by the provincial government, and typically meet between February 1 and March 15 to hear formal complaints.
BC Assessment’s website at bcassessment.ca includes more details about 2025 assessments, property information and trends such as lists of 2025’s top valued residential properties across the province and an interactive map.
Business Examiner Staff
