These are the two most valuable homes in Surrey

The typical assessed value of a residential property in the City of Surrey has dropped by about six per cent – from $1,563,000 down to $1,464,000, according to the BC Assessment authority – as a softening real estate market continues to be felt.

But that doesn’t mean all properties are falling in value.

Surrey most valuable home, according to BC Assessment, actually went up slightly, with mansion at 2021 Indian Fort Dr. climbing to $18.3 million – good enough to land at number 116 on the list of the top 500 most valuable homes in B.C.

The second-most valuable home in Surrey is at 2165 – 123 St., valued at $14 million, good enough for 282 on the list of the top 500 most valuable homes in B.C. The house is known as the Eagle Bluff Estate. The assessed value might be $14 million for this South Surrey waterfront home, but a real estate listing published online had the 1993 house listed for $27.9 million. The 12,000-square-foot house sits on 2.8 gated acres with 300 feet of ocean frontage.

The 2026 property assessments, which reflect market value as of July 1, 2025, were recently announced for property owners of about 1,140,000 properties throughout the Lower Mainland.

The updated property values are now available at bcassessment​.ca in addition to 2026 Property Assessment Notices being mailed to each property owner.  

Overall, the Lower Mainland total assessments have decreased from about $2.01 trillion in 2025 to about $1.92 trillion this year. Almost $24 billion of the region’s updated assessments is from new construction, subdivisions and the rezoning of properties. The Lower Mainland region includes all of Greater Vancouver, the Fraser Valley as well as the Sea to Sky area and the Sunshine Coast. 

“The softening housing market is being reflected in 2026 property assessments,” said BC Assessment Assessor Bryan Murao. “Many homeowners throughout the Lower Mainland can expect some decreases in assessed value with most changes ranging between -10% to 0%.”