The value of a typical detached home in Burnaby increased by four per cent, reaching $2 million, while the typical strata residential home remained unchanged at $732,000. This marks the second consecutive year of stabilization in the B.C. housing market. Homeowners can expect modest assessment changes between -5 per cent and +5 per cent. Changes in property assessments do not directly affect property taxes, which depend on community averages. Residents can check their assessments online and should contact BC Assessment for any discrepancies.