Homeowners are getting their 2026 home value assessments in the mail and while most of the Southern Interior saw increases in value, home values in the Central Okanagan dropped.<\/p>\n\n\n\n
There were 13 communities that saw decreases in the value for a typical single family home, 11 communities that increased and six communities where values stayed flat, according to BC Assessment\u2019s 2026 property assessments. <\/p>\n\n\n\n
\u201cFor 2026, most homeowners can expect generally modest property assessment value changes in the -5% to +5% range for many Thompson-Okanagan communities while homeowners in Kootenay-Columbia areas may see a slightly higher rate of change in the -5% to +10% range,\u201d deputy assessor Boris Warkentin said in a press release issued Friday, Jan. 2.<\/p>\n\n\n\n
Kelowna saw a 2% drop in value from $938,000 to $918,000 for the start of 2026. Kelowna\u2019s home values are down from $952,000 in 2024. <\/p>\n\n\n\n
West Kelowna saw a decrease from $904,000 to $892,000 or a 1% drop. In 2024, the typical single family home in West Kelowna was assessed at $912,000. <\/p>\n\n\n\n
Penticton\u2019s typical single family home went up a percentage point from $693,000 to $700,000, but it\u2019s still lower than the $708,000 typical assessed value in 2024. <\/p>\n\n\n\n
Vernon\u2019s typical family home stayed flat at $721,000, which is pretty close to the $724,000 value from 2024. <\/p>\n\n\n\n
Kamloops didn\u2019t see any change either with the typical single-family home staying at a $693,000 valuation. <\/p>\n\n\n\n
Typical strata homes like condos and townhouses gained value in West Kelowna, up from $538,000 to $557,000, but they went down in Kelowna from $493,000 to $488,000. <\/p>\n\n\n\n
In Penticton, Vernon and Kamloops strata values stayed flat around $400,000.<\/p>\n\n\n\n
\u201cThe Southern Interior\u2019s total assessments increased from about $323 billion in 2025 to almost $330 billion this year. A total of over $5.29 billion of the region\u2019s updated assessments is from new construction, subdivisions and the rezoning of properties,\u201d BC Assessment said in the release.<\/p>\n\n\n\n
The Village of Lytton was a statistical outlier this year with its typical family home\u2019s value going up from $233,000 to $303,000, a whopping 30% increase. That\u2019s up from the $204,000 assessed value in 2024. <\/p>\n\n\n\n
\u201cLytton remains an exception as that community continues to rapidly add value through its recovery and rebuilding efforts,\u201d Warkentin said. <\/p>\n\n\n\n
Sun Peaks Mountain Resort has the highest value for a single family home at $1,463,000, down from the 2025 typical family home assessment of $1,486,000. <\/p>\n\n\n\n
Communities in the Kootenay-Columbia region saw consistent increases in home value with just the Village of Midway seeing a value decrease of 3%. The rest of the region had increases in the typical family home value around 2% to 9%.<\/p>\n\n\n\n
\u201cIf a property owner is still concerned about their assessment after speaking to one of our appraisers, they may submit a Notice of Complaint (Appeal) by January 31, for an independent review by a Property Assessment Review Panel,\u201d Warkentin said.<\/p>\n\n\n\n