These are the 10 most highly valued properties in B.C., according to the latest assessment

B.C.'s latest property assessments have been released and it appears, like many detached homes across the Lower Mainland, the most expensive ones increased in value last year.

B.C.'s latest property assessments have been released and it appears, like many detached homes across the Lower Mainland, the most expensive ones increased in value last year.

All but one of the properties listed in the top 10 – a private island – went up in value compared to the previous year and nearly all are in Vancouver's Point Grey and Kitsilano neighbourhoods. In fact, more than half of the top 10 are on Belmont Avenue, including a mansion that sold for a record-breaking price in April. 

The numbers, which are based on market values as of July 1, 2021, were released Sunday, showing increases hovering around 20 per cent and higher across the region for detached homes.

Vancouver-based realtor Kate MacPhail told CTV News that because the values only go to July 1, they don't paint the whole picture for the year. In fact, for the totality of 2021, property value increases were probably around 30 per cent, on average.

Here are the top 10 most highly valued properties in B.C., according to the latest assessments:

Total taxable value: $33,910,000