Surrey’s most expensive home, located at 17146 20 Ave., was assessed at $31.52 million. (Google image)

Surrey’s most expensive home, located at 17146 20 Ave., was assessed at $31.52 million. (Google image)

Surrey, White Rock properties make list of most expensive properties in B.C.

Values of single-family residential properties in Surrey expected to drop three per cent

A South Surrey property is among B.C.’s top-10 most expensive.

The 2020 assessment notices reflecting market value as of July 1, 2019 are en route to more than 1,040,000 Lower Mainland property owners, according to a news release from BC Assessment Thursday (Jan. 2),

READ ALSO: Surrey, Abbotsford homes crack top 10 most expensive properties in B.C.

According to BC Assessment, the 17146 20 Ave. site is valued at $31.52 million; just shy of one half of the value of the province’s most expensive property – the Kitsilano home of Lululemon founder Chip Wilson.

But while the value of Wilson’s property has dipped by 11 per cent since last year, to $64.94 million from $73.12 million, the South Surrey property all but held its value, dropping by just $80,000 – less than one per cent.

The figure falls well under BC Assessment’s calculation that properties across the province will see an average 2.5-per-cent decrease in 2020 – a drop that is expected to impact the most expensive regions the most.

According to examples used by BC Assessment, the value of single-family residential properties in Surrey is expected to drop by three per cent to $1,010,000 from $1,042,000 in 2019. A strata residential property is expected to drop by five per cent to $497,000 from $522,000 in 2019.

The city’s most expensive home, a South Surrey property, is 18 acres, with a 7,814-sq.-ft. home that was built in 1989. Last year, it was ranked the 13th most expensive in B.C. This year, it’s climbed to eighth place.

READ MORE: Several South Surrey homes make most expensive list

Here are the Surrey homes that made the top 500 valued properties in B.C.:

Also on the top 500 list is White Rock’s most expensive property, located at 13616 Marine Dr. As of July 1, 2018 decreased in value by just over $1.4 million, to $10,578,000 as of July 1, 2019, according to information at bcassessment.ca.

In White Rock, the 2020 typical assessed value of single-family residential properties is expected to drop by nine per cent, to $1,196,000 from $1,310,000 in 2019. A strata residential property is expected to drop by four per cent to $461,000 from $478,000 in 2019.

In Delta, the 2020 typical assessed value of single-family residential properties is expected to drop by nine per cent, to $917,000 from $1,003,000 in 2019. A strata residential property is expected to drop by four per cent to $545,000 from $568,000 in 2019.

No Delta properties made the top 500 list.

Assessed property values: 2015 to 2020
Infogram

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. Court of Appeal in Vancouver. (File photo: Tom Zytaruk)
Court makes public ‘abbreviated’ reasons for judgment in Surrey Six slaying appeals

Six men were murdered in suite 1505 of the Balmoral Tower in Whalley on Oct. 19, 2007

A view of Surrey's new modular park washroom in a photo posted to archdaily.com.
‘Playful, durable, safe’: Surrey’s new park washroom design splashed on architecture website

Vancouver firm contracted to create prototype now installed at two parks, with two more in the works

Police stopped car riddled with bullets in Whalley Monday night. (Photo: CFSEU)
Police seize two pounds of pot, $25K from Surrey car riddled with bullet holes

This was in the neighbourhood of 104th Avenue and Whalley Boulevard on Monday night

Aerial view of Surrey's Port Mann Park looking south, with the bridge to the right. (Photo: google.com/maps)
Former Surrey landfill site pitched for riverfront trails, group camping area

Grant application would cover $9.97 million project cost at Port Mann Park, report to council says

Conservative Part of Canada Leader Erin O’Toole will speak at a virtual town hall hosted by the South Surrey and White Rock Chamber of Commerce. (The Canadian Press file photo)
Erin O’Toole to provide ‘road map to economic recovery’ at virtual town hall

South Surrey and White Rock Chamber of Commerce to host Conservative Party of Canada leader

Dr. Bonnie Henry talk about the next steps in B.C.'s COVID-19 Immunization Plan during a press conference at Legislature in Victoria, B.C., on Friday, January 22, 2021. THE CANADIAN PRESS/Chad Hipolito
456 new COVID-19 cases in B.C., 2 deaths

Since January 2020, 78,278 have tested positive for the novel coronavirus in B.C.

A 50-year-old man was stabbed in an altercation that started with a disagreement about physical distancing. (File photo)
Argument about physical distancing escalates to stabbing in Nanaimo

Victim, struck with coffee cup and then stabbed, suffers minor injuries; suspect arrested

NDP leader Jagmeet Singh holds a press conference on Parliament Hill in Ottawa on Wednesday, Feb. 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick
NDP will not trigger election as long as pandemic continues: Singh

‘“We will vote to keep the government going’

“Support your city” reads a piece of graffiti outside the Ministry of Finance office. (Jane Skrypnek/News Staff)
Slew of anti-bylaw graffiti ‘unacceptable’ says Victoria mayor, police

Downtown businesses, bylaw office and Ministry of Finance vandalized Wednesday morning

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a UHN COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. (THE CANADIAN PRESS/Nathan Denette)
Vaccinating essential workers before seniors in B.C. could save lives: experts

A new study says the switch could also save up to $230 million in provincial health-care costs

The late Michael Gregory, 57, is accused of sexually exploiting six junior high students between 1999 and 2005. (Pixabay)
Former Alberta teacher accused of sexually assaulting students found dead in B.C.

Mounties say Michael Gregory’s death has been deemed ‘non-suspicious’

A woman boards a transit bus through rear doors, in Vancouver, on Friday, March 20, 2020. THE CANADIAN PRESS/Darryl Dyck
TransLink slow to reveal crucial details about ransomware attack, says union

Union says company took months to admit what info was stolen, including SIN and bank account details

Most Read