What's Your Vancouver Home Worth?
Get a complimentary Comparative Market Analysis (CMA) from a Medallion Member realtor with 20+ years of Vancouver experience.
How It Works: Submit your property details and we'll prepare a custom market valuation based on recent comparable sales, current market conditions, and your property's unique features. You'll receive a detailed report within 24 hours - completely free, no obligation.
Why Choose Rain City?
Years of Experience
Serving Metro Vancouver since 2006
Clients Served
Trusted by over 1,000 families
Builder Network
Active builders competing for your property
Medallion Member
Top 10% of Vancouver realtors
"Greyden has gone above and beyond for us. He is 100% totally honest in his opinions. I trust him completely and will use him for any and all future real estate transactions."
- Theone and Alistair M.
Understanding Your Vancouver Home's Value
BC Assessment vs. Market Value
Your BC Assessment notice shows a value that may differ significantly from actual market value. Assessments reflect values as of July 1st of the previous year, meaning they can be 6-18 months behind current market conditions. In a rising market, your home is likely worth more than the assessment; in a cooling market, it could be worth less.
What Is a Comparative Market Analysis (CMA)?
A CMA is a detailed report prepared by a realtor that estimates your home's current market value by analyzing recently sold properties with similar features in your neighbourhood. It considers:
- • Recent comparable sales (last 3-6 months)
- • Active and expired listings in your area
- • Property condition, upgrades, and features
- • Location factors like lot size, views, and proximity to transit
- • Current market trends and inventory levels
The Multiplex Premium
Under BC's Bill 44, many single-family lots are now eligible for multiplex development (up to 6 units). If your property qualifies, it may be worth significantly more to builders than its assessed value as a single-family home. Our team specializes in identifying and marketing multiplex-potential properties - we've connected sellers with 75+ active builders who compete for these opportunities.
Not sure if your property qualifies? Check our Multiplex Calculator or request a valuation above and we'll include a multiplex potential assessment.
Frequently Asked Questions
How do I find out what my Vancouver home is worth?
The most accurate way is to get a Comparative Market Analysis (CMA) from an experienced local realtor. A CMA analyzes recent comparable sales, current market conditions, and your property's unique features to estimate its current market value. Submit the form above for a free, no-obligation CMA from our team.
Is the BC Assessment value the same as market value?
No. BC Assessment values reflect property values as of July 1st of the previous year, so they can be 6-18 months behind current market conditions. In a rising market, your home is likely worth more than the assessment. In a cooling market, it could be worth less. Always get a current CMA for an accurate estimate.
What is a Comparative Market Analysis (CMA)?
A CMA is a detailed report prepared by a realtor that estimates your home's current market value. It analyzes recently sold comparable properties, active listings, expired listings, property condition, location factors, and current market trends to arrive at a fair market value range.
How long does it take to get a home valuation?
After you submit your property details, our team typically delivers a complimentary CMA within 24 hours. For properties with multiplex development potential, we may include an additional analysis of the land's development value, which can take slightly longer.
Is the home valuation really free?
Yes, our home valuation service is completely free with no obligation. We prepare a custom CMA for your property as a way to demonstrate our expertise and market knowledge. There is no cost and no commitment required.
What factors affect my Vancouver home's value?
Key factors include location, lot size, property condition, number of bedrooms and bathrooms, recent renovations, zoning (especially multiplex potential under Bill 44), proximity to transit and amenities, school catchments, and current market conditions including inventory levels and interest rates.
How is a multiplex-potential property valued differently?
Properties eligible for multiplex development under Bill 44 can be worth significantly more to builders than their value as single-family homes. We assess both the residential market value and the development potential, then market to our network of 75+ active builders to maximize competition for your property.
Should I get a home appraisal or a CMA?
For selling purposes, a CMA from your realtor is the best starting point - it's free and based on current market conditions. A formal appraisal ($300-$500) is typically only needed when required by a lender for mortgage purposes. Both use comparable sales data, but appraisals follow stricter methodologies.
Thinking of Selling?
Get a personalized selling strategy, not just a number. We help Vancouver homeowners maximize their sale price, especially for multiplex-potential properties.