Today on the 🎙️ Greater Victoria Real Estate Show | How BC Assessment, Appraisals & REALTOR® Value Really Work In today’s episode of the Greater Victoria Real Estate Show, we’re joined by Katie Snell, a professional real estate appraiser who previously worked with BC Assessment. This is an important conversation for homeowners, buyers, and sellers who are confused by why their BC Assessment value doesn’t match market value — and why that difference matters. Together, Jane Johnston, Andrew Plank, and Jen Lowe sit down with Katie to unpack:
- How BC Assessment values are calculated and what they are actually used for
- Why BC Assessment exists primarily for property tax determination
- How professional appraisals are prepared and when lenders rely on them
- How REALTOR® market evaluations differ — and why they reflect real buyer behaviour
- Why these three numbers often do not align
- Common misconceptions homeowners have about “value”
- How understanding the differences can protect you when buying or selling
If you’ve ever looked at your BC Assessment notice and wondered: Is my home really worth that? This episode will give you clarity.
