What is the average condo assessment in Downtown South?

The median 2026 assessment for a Downtown South condo or townhouse is $651K, −5.7% from 2025. The median property tax bill is $2,240 before the home owner grant.

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Assessment Data · 2026

Downtown South property
assessments.

Condos and townhouses were assessed −5.7%, at a median of $651K (#23 of 30).

Valued as of July 1, 2025 · City of Vancouver property tax report · BC Assessment area 029

Condos & townhouses

15,683 properties on the 2026 roll

$651K

Median 2026 assessment

$695K in 2025

−5.7%

Typical change, 2025 → 2026

−4.2% the year before

89%

Assessed lower than last year

5% went up

$2,240

Median 2026 property tax

Land is 70% of value

Asking vs assessed

What sellers are asking today.

Downtown South condos and townhouses for sale are typically asking 1.9% above their assessed value (285 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

Browse Downtown South listings.

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Look up a Downtown South address.

Downtown South assessment questions.

What is the average condo assessment in Downtown South?: The median 2026 assessment for a Downtown South condo or townhouse is $651K, −5.7% from 2025. The median property tax bill is $2,240 before the home owner grant.
Are Downtown South homes selling above assessed value?: Frank can only show asking prices publicly. Downtown South condos for sale are typically asking 1.9% above their assessed value (285 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 029 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