Three-quarters of Metro Vancouver and Fraser Valley homes sold below assessed value this year
Zealty.ca data shows 75 per cent of homes sold across Metro Vancouver and the Fraser Valley this year went for less than their assessed value.
Reported by Vancouver Sun, citing Zealty.ca data; primary data not yet reviewed.
Illustrative photoFor every four homes that changed hands in Metro Vancouver and the Fraser Valley this year, three sold for less than their assessed value, according to data from Zealty.ca, a B.C. real estate data platform.
The Vancouver Sun reported the figure, with a headline saying a majority of Metro Vancouver homes are now selling below assessed value.
The gap between assessment and sale price is a useful gauge for anyone buying or selling in the region. A result like this suggests that, for most homes sold so far this year, the assessed figure sat above what the buyer ended up paying.
Owners can run the comparison themselves by checking their own assessed value against the prices of recent sales nearby.
Sources
Facts first. Context second. Sources always. This story was prepared with AI assistance from the sources listed above and reviewed by a Northline editor before publication. How we use AI · Report an error