# BC Assessment vs. market value in Coquitlam

> BC Assessment values lag market by 12-18 months and are calculated en masse. They are NOT a reliable proxy for current market value.

**Source:** https://soldbycraig.ca/property-assessment-vs-market-value-coquitlam/  
**Author:** Craig Johnston, REALTOR® (BC Licence V99960) · The MACNABS · Royal LePage Elite West  
**Site:** https://soldbycraig.ca

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Investor · Valuation

## BC Assessment vs. market value in Coquitlam — what each one means.

BC Assessment values lag market by 12-18 months and are calculated en masse. They are NOT a reliable proxy for current market value. Here's how to use each one correctly.

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Quick Answer

Property Assessment Vs Market Value Coquitlam — which is the better Tri-Cities choice?

BC Assessment values lag market by 12-18 months and are calculated en masse. They are NOT a reliable proxy for current market value. Here **Craig Johnston, Top 1% Team Member — Greater Vancouver REALTORS®** and 47+ year Tri-Cities resident, can walk you through the local context. Free Strategy Call ends with a written one-page plan in 24 hours.

Verified · Investor · Valuation

## The verified facts.

BC Assessment

Annual assessment by BC Assessment Authority. Reflects market value as of July 1 of the prior year. Used for property tax calculation.

Market value

What a willing buyer would pay a willing seller in arms-length transaction at the current moment. Reflected in MLS sold data.

Typical lag

BC Assessment lags by 12-18 months — it is always behind a rising market and behind a falling market.

Mass calculation

BC Assessment uses statistical models on neighbourhood data, not individual property inspection. Specific property features may be over- or under-valued.

Appeal process

Owners can appeal their assessment through the Property Assessment Review Panel — typical deadline: late January each year.

Use BC Assessment for

Property tax, big-picture neighbourhood trend, baseline reference

Use MLS solds + REALTOR® CMA for

Current market value, list-price decisions, offer strategy

Common pitfall

Buyers anchoring on BC Assessment as a 'fair price' — usually behind the market in active periods

## Talk to Craig — a 47-year Coquitlam resident and licensed REALTOR®.

No pressure. No obligation. Just a 30-minute call to talk through your specific situation and run the numbers.

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[Call 604-202-6092](tel:+16042026092)
[Email Craig](mailto:Craig@SoldByCraig.ca)

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