What is the average condo assessment in Downtown?

The median 2026 assessment for a Downtown condo or townhouse is $644K, −6.3% from 2025. The median property tax bill is $2,432 before the home owner grant.

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Assessment Data · 2026

Downtown property
assessments.

Condos and townhouses were assessed −6.3%, at a median of $644K (#26 of 30).

Valued as of July 1, 2025 · City of Vancouver property tax report · BC Assessment area 026

Condos & townhouses

16,962 properties on the 2026 roll

$644K

Median 2026 assessment

$695K in 2025

−6.3%

Typical change, 2025 → 2026

−3.8% the year before

82%

Assessed lower than last year

13% went up

$2,432

Median 2026 property tax

Land is 73% of value

Asking vs assessed

What sellers are asking today.

Downtown condos and townhouses for sale are typically asking 1.2% above their assessed value (292 matched listings).

Asking prices on October 30, 2026, matched to each home’s own 2026 assessment. Asking isn’t selling — members can compare actual sales.

Homes for sale

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Downtown homes for sale

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Downtown assessment questions.

What is the average condo assessment in Downtown?: The median 2026 assessment for a Downtown condo or townhouse is $644K, −6.3% from 2025. The median property tax bill is $2,432 before the home owner grant.
Are Downtown homes selling above assessed value?: Frank can only show asking prices publicly. Downtown condos for sale are typically asking 1.2% above their assessed value (292 matched listings). Asking prices are not sale prices; members can compare actual sales on Frank.

Other Vancouver neighbourhoods

Medians from every residential property in BC Assessment area 026 on the City of Vancouver’s 2026 property tax report; boundaries differ slightly from MLS® neighbourhoods. Property tax is the gross levy before the home owner grant. Frank’s figures, not BC Assessment’s or the City’s. How these numbers are made