Whistler counts nine of the top 100 valued residential properties in the province, according to B.C.’s list of assessed properties for 2025.
On Thursday, Jan. 2, BC Assessment released updated values for property owners across the province, with the resort tallying nine in the top 100 valued properties, and 59 of the top 500.
Reflecting market value as of July 1, 2024, the priciest local property was a Whistler Cay luxury estate on Stonebridge Drive assessed for $31,939,000, making it the 17th highest valued property in B.C. Among the resort’s most exclusive addresses, Stonebdrige counted the top three valued properties in Whistler.
The highest valued property in the province was a single-family home owned by Lululemon founder Chip Wilson in Vancouver’s toney Point Grey neighbourhood, assessed at $82,664,000.
Overall, the typical assessed value for a Whistler single-family home in 2025 was $2,821,000, a one-per-cent decrease from 2024’s assessed value of $2,842,000. West Vancouver ($3,052,000) and the University of B.C.’s Endowment Lands ($5,535,000) were the only areas on BC Assessment’s regional list spanning the Lower Mainland, Sea to Sky, Sunshine Coast and Fraser Valley with higher assessed values.
Pemberton ($1,390,000) and Burnaby ($2,044,000) saw the biggest percentage change in assessed value for single-family homes in the region, with both seeing values rise by four per cent for the year.
Whistler saw virtually no change in the assessed value of condos and townhomes for the year, with the typical assessment for 2025 valued at $1,344,000, compared to $1,349,000 the year prior. West Vancouver was the only jurisdiction with a higher value; a typical condo or townhome there was valued at $1,388,000.
“Whistler, from what we’ve seen, has acted pretty similarly to most of the rest of Lower Mainland, but I imagine moving forward you won’t’ see it moving the same way in every segment of housing,” explained Bryan Murao, assessor with BC Assessment, who noted that the luxury real estate market, in particular, has been “sluggish” with no signs of picking up anytime soon.
Part of that stagnancy in property values, both in Whistler and beyond, can be chalked up to the federal interest rate, Murao theorized, which was cut to 4.75 per cent just weeks BC Assessment’s July evaluation and has only come down further since, to 3.25 per cent.
“Post-evaluation day, things have still been really flat and even trending a bit down,” Murao said. “It’s been a lot of wait-and-see from buyers waiting for the market to bottom out. From sellers, we’re seeing the same lack of action, but for the opposite reason: they’re hesitant to sell as values come down. Sales volumes have been really low.”
For the region, total assessments have generally stayed flat from about $2 trillion to $2.01 trillion this year. Nearly $27 billion of the region’s updated assessments are from new construction, subdivisions, and the rezoning of properties.
Owners can use BC Assessment’s searchable database to see the assessed value of their property. Anyone who believes their assessment does not reflect market value as of July 1, 2024, or see incorrect information on their notice, should contact BC Assessment as soon as possible. If, after speaking with an appraiser, they still have concerns, an owner has until Jan. 31 to submit an appeal to the independent Property Assessment Review Panel.
“It is important to understand that changes in property assessments do not automatically translate into a corresponding change in property taxes," Murao said. “As noted on your assessment notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”
Last month, after weeks of back and forth, Whistler's mayor and council settled on an 8.25-per-cent property tax increase for 2025.
Learn more at bcassessment.ca.
