Chilliwack Proper-Village West, Chilliwack - October 2026 Real Estate Report
Chilliwack Proper-Village West: "Prices Are Holding, But the Window Is Open Right Now"
If you own a home in Chilliwack Proper-Village West and you haven't checked your actual market value lately, you're probably working off a number that's already out of date. Here's the real picture - no fluff, no spin.
The Vibe: What's Actually Happening in Our Neighbourhood
We're sitting in one of the most active corners of Chilliwack. With 77 house transactions and 57 condo transactions recorded in 2026, and over 11,000 properties assessed across both property types, this is not a sleepy market. Volume-wise, we rank 2nd in all of Chilliwack for house transactions. That matters. It means buyers are still showing up.
That said, the market is taking a breather. Growth dipped slightly year over year - down 0.02% for houses and 0.03% for condos. Not a crash, not a crisis. Just a market catching its breath after a long run.
Houses: Affordable Entry, Solid Rental Story
- Average sale price: $657,040
- Price per square foot: $560
- Predicted market value: $772,323
- 3-month moving average: $776,967 (values are easing slightly)
- Estimated monthly rent: $3,468
- Rental yield: 5.14% - that's a strong return
- 10 properties sold last month - steady, not surging
- Growth rank: 4 out of 9 neighbourhoods in Chilliwack - above average
- Price rank: 9 out of 9 - we are the most affordable option in the city
That price rank is a double-edged sword. Yes, we're the most affordable in Chilliwack - which is great for buyers coming from pricier spots. But it also means sellers need to price sharp and present well to compete. The good news? A 5.14% rental yield is genuinely strong. Investors looking at us are doing the math and liking what they see.
Condos: The Best-Kept Secret for Investors
- Average sale price: $278,750
- Price per square foot: $344
- Predicted market value: $374,782
- Estimated monthly rent: $1,833
- Rental yield: 4.10% - moderate but respectable
- 4 properties sold last month - a thin but consistent market
- Growth rank: 3 out of 9 - above average in Chilliwack
- Price rank: 3 out of 3 - most affordable condo market in the city
Our condos rank 1st in Chilliwack for total transactions in 2026. That's real demand. And with a HonestDoor Price sitting 13.23% above the average assessed value, condo owners here are likely sitting on more equity than their tax notice suggests. More on that below.
The Secret Sauce: Your HonestDoor Price vs. That Government Assessment
Here's the thing about your BC Assessment notice - it's a snapshot from months ago, built on sales data that's even older than that. It's not wrong, it's just slow.
The HonestDoor Price is updated in real time using current sales, market shifts, and neighbourhood-level signals. Right now, the gap between those two numbers is significant:
- Houses: HonestDoor Price of $759,243 sits 2.35% above the average assessed value of $741,806
- Condos: HonestDoor Price of $371,821 sits 13.23% above the average assessed value of $328,362
For condo owners especially, that 13.23% gap is not a rounding error - that's real money your assessment hasn't caught up to yet. If you're making any financial decision based on your assessed value alone - whether it's refinancing, listing, or just knowing where you stand - you're working with an incomplete picture.
The "So What?" - Should You Sell This Summer?
If you've been thinking about listing this summer, here's the honest take.
The market isn't running hot, but it's not cold either. We have real buyer activity - 77 house sales and 57 condo sales already in 2026 - and we're the most affordable neighbourhood in Chilliwack. That's your pitch to buyers priced out of Chilliwack Mountain (average HonestDoor Price: $1,109,396 for houses) or East Chilliwack-Southside ($921,473). We are the value play, and right now buyers are looking for exactly that.
The window is open. Predicted values are easing slightly - down 0.49% for houses recently - which means waiting isn't likely to reward you. If your home is in good shape and priced right against that $560 per square foot benchmark, summer 2025 is a reasonable time to move.
One more thing - if you're a condo owner sitting on a unit with a $278,750 average sale price but a HonestDoor Price near $374,782, make sure your agent knows the difference. That gap is your negotiating room. Don't leave it on the table.
Check your HonestDoor Price at HonestDoor.com before you do anything else. It takes 30 seconds and it's the most current number you'll find.
chilliwack proper-village west | chilliwack | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.