Kamloops (Image Credit: CFJC Today)

By Michael Reeve

BC ASSESSMENT

Assessed home values in Kamloops remain steady for 2026

Jan 2, 2026 | 3:57 PM

KAMLOOPS — BC Assessments has released its 2026 figures for the province, with much of the Southern Interior showing limited changes from a year ago, most falling between a 5 per cent decrease and 5 per cent increase.

For residents within the city of Kamloops, the average assessment for a single-family home has not changed, with the typical assessed value remaining at $693,000. Elsewhere in the area, Merritt decreased by 2 per cent, Ashcroft went down 5 per cent and Barriere increased by 3 per cent.

“We are really entering into a balanced or level market right now,” said Boris Warkentin, BC Assessment deputy assessor for the Southern Interior. “It’s a good thing where people’s primary investment, their real estate, the house that they live in, it’s pretty much the same value as what it was last year as a rule. Our assessments each year try to reflect value of the property as of what it would have sold for if it was for sale last July — so July 1, 2025.”

BC Assessment (Image Credit: BC Assessment)

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“For 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,” added Warkentin.

Kamloops also saw a negligible change to the assessed value of condos and strata properties, with the typical value now just below $400,000. 

BC Assessment (Image Credit: BC Assessment)

The one large jump in the Interior comes from Lytton as the ongoing rebuild sees values increase by 30 per cent on average. 

“Overall, the Southern Interior’s 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’s updated assessments is from new construction, subdivisions and the rezoning of properties,” adds Warkentin. 

Resident are urged to call if they disagree with their assessment, with the deadline for a formal appeal being February 2.

“My suggestion is to always call us first, because… if we find something that is incorrect, we have an opportunity to resolve it,” said Warkentin. “And as you can appreciate, as we get toward the end of the month, things really get busy with other things, as well. We hopefully can give you more customer attention at the beginning of the month now than what we would at the end of the month.”

“Property owners can find valuable information on our website, including answers to many assessment-related questions. Those who feel their property assessment does not reflect market value as of July 1, 2025 or see incorrect information on their notice should contact BC Assessment as indicated on their notice as soon as possible in January,” says Warkentin.