East Kootenay property assessments have increased by up to nine per cent in some communities, according to figures released today by BC Assessment.
The biggest percentage increases were in Sparwood and Canal Flats, which were both up nine per cent on July 1, 2025 compared to a year earlier.
The average single-family home in Sparwood was assessed at $457,000, up from $419,000, and the average home in Canal Flats was assessed at $356,000, up from $326,000.
Radium Hot Springs increased eight per cent, with the average assessment rising from $488,000 to $529,000.
Fernie, which has the highest average assessments in the entire region, was up six per cent, from $856,000 to $911,000.
Kimberley was also up six per cent, from $533,000 to $564,000.
Deputy assessor Boris Warkentin said the greatest increases tended to be in resort communities.
“They all seem to have strong demand,” he said. “We want to make sure our assessments reflect the actual selling prices.”
Elkford and Invermere were each up four per cent. In Elkford, the average assessment increased from $390,000 to $406,000. In Invermere, the average went from $679,000 to $707,000.
Cranbrook increased three per cent, from $503,000 to $517,000. BC Assessment also tracks changes to strata residential properties (condos/townhouses) in Cranbrook, which showed a three per cent increase, from $270,000 to $278,000.
Golden was up two per cent, from $634,000 to $649,000. Creston increased one per cent, from $422,000 to $427,000.
“It is important to understand that changes in property assessments do not automatically translate into a corresponding change in property taxes,” Warkentin 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.”
If you disagree with your assessment, you can contact BC Assessment and speak to an appraiser. If you are still concerned, you may file an appeal by Jan. 31 for an independent review. Those panels typically meet from early February to mid-March to hear formal complaints.
The complete local picture for municipalities is presented in the chart below.
KOOTENAY COLUMBIA COMMUNITIES:
| Single Family Homes Changes by Community |
2025 Typical Assessed Value as of July 1, 2024 |
2026 Typical Assessed Value as of July 1, 2025 |
% Change |
| City of Castlegar | $520,000 | $519,000 | 0% |
| City of Cranbrook | $503,000 | $517,000 | +3% |
| City of Fernie | $856,000 | $911,000 | +6% |
| City of Grand Forks | $422,000 | $427,000 | +1% |
| City of Greenwood | $249,000 | $243,000 | -2% |
| City of Kimberley | $533,000 | $564,000 | +6% |
| City of Nelson | $681,000 | $699,000 | +3% |
| City of Revelstoke | $860,000 | $881,000 | +2% |
| City of Rossland | $615,000 | $625,000 | +2% |
| City of Trail | $376,000 | $376,000 | 0% |
| District of Elkford | $390,000 | $406,000 | +4% |
| District of Invermere | $679,000 | $707,000 | +4% |
| District of Sparwood | $419,000 | $457,000 | +9% |
| Town of Creston | $422,000 | $427,000 | +1% |
| Town of Golden | $634,000 | $649,000 | +2% |
| Village of Canal Flats | $326,000 | $356,000 | +9% |
| Village of Fruitvale | $455,000 | $470,000 | +3% |
| Village of Kaslo | $490,000 | $488,000 | 0% |
| Village of Midway | $340,000 | $330,000 | -3% |
| Village of Montrose | $451,000 | $453,000 | 0% |
| Village of Nakusp | $419,000 | $438,000 | +5% |
| Village of New Denver | $401,000 | $409,000 | +2% |
| Village of Radium Hot Springs | $488,000 | $529,000 | +8% |
| Village of Salmo | $379,000 | $391,000 | +3% |
| Village of Silverton | $429,000 | $443,000 | +3% |
| Village of Slocan | $403,000 | $407,000 | +1% |
| Village of Warfield | $408,000 | $417,000 | +2% |
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