College Park, Port Moody - August 2026 Real Estate Report

College Park, Port Moody: Your Home Is Worth Less Than The City Thinks

If you have been checking your BC Assessment notice and feeling pretty good about it, here is a reality check. The city says your house is worth one thing. The actual market is saying something different - and the gap is bigger than most people realize.

The Vibe: What Is Actually Happening in College Park Right Now

Let us break it down by property type, because houses and condos are telling two different stories here.

Houses

The average assessed value for a house in College Park sits at $1,230,783. But the HonestDoor Price - which pulls from real-time market signals - puts that number at $1,162,144. That is a $68,000 gap, and it is not in your favour. Values have slipped 1.53% from the previous period, and the 3-month trend is pointing the same direction, down from $1,199,316 to a predicted $1,180,224.

• Average Assessed Value: $1,230,783
• HonestDoor Price: $1,162,144 (down 1.53%)
• Predicted Market Value: $1,180,224
• Recent Value Change: -2.34%
• Average Sale Price (2026): $1,710,000
• Price Per Square Foot: $1,152
• Estimated Monthly Rent: $4,655 (yield of 4.54%)
• Properties Sold in 2026: 1
• Neighbourhood Growth Rank: 13 out of 16 in Port Moody

That growth rank is the number to watch. Sitting 13th out of 16 neighbourhoods puts College Park houses near the bottom of the Port Moody leaderboard right now. Nearby Moody Centre is clocking a predicted value of $1,307,943 for houses - that is a $127,000 premium over College Park. The neighbourhood is taking a breather, and the data backs that up.

Condos

Condos in College Park are a more interesting story. The HonestDoor Price of $467,840 is actually up 0.23% from last period - a small move, but it is moving in the right direction. The predicted value sits at $506,474, which is slightly above the assessed value of $498,465. That is unusual, and it matters.

• Average Assessed Value: $498,465
• HonestDoor Price: $467,840 (up 0.23%)
• Predicted Market Value: $506,474
• Recent Value Change: -0.47%
• Average Sale Price (2026): $311,234
• Price Per Square Foot: $494
• Estimated Monthly Rent: $2,530 (yield of 3.82%)
• Properties Sold in 2026: 1
• Neighbourhood Growth Rank: 6 out of 15 in Port Moody

Condos rank 6th out of 15 comparable neighbourhoods for growth - that is above average. And for price, College Park condos rank 8th out of 8, meaning we are the most affordable condo option in Port Moody. If you are a buyer, that is actually a compelling entry point. If you are a renter, $2,530 a month in estimated rent with a 3.82% yield is a reasonable return in this market.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the thing about BC Assessment. That number is calculated using data from July 1st of the previous year. It is already stale by the time it lands in your mailbox. The market does not wait for the government to catch up.

For College Park houses, the assessed value is running $68,639 higher than what the HonestDoor Price says the market will actually pay. That is not a rounding error - that is a meaningful difference if you are making a financial decision based on what your home is worth today. The HonestDoor Price updates in real time, pulling from current sales, market trends, and neighbourhood-level data. It is the number that reflects what a buyer would write a cheque for right now, not what a government formula calculated eight months ago.

With 706 houses and 150 condos assessed in College Park this year, there is a solid data pool. But assessed value and market value are two different things, and right now in College Park, that gap is telling you something important.

The So What: Should You Sell in College Park This Summer?

Straight talk - the timing is complicated, but not impossible.

For house owners, the market is soft. Values are down 2.34% recently, you are ranked near the bottom of the Port Moody growth leaderboard, and transaction volume is thin - only 5 sales recorded in 2026 across the neighbourhood. That low volume cuts both ways. It means less competition from other sellers, but it also means fewer buyers are actively shopping here right now. If you need to sell, price it sharp. The HonestDoor Price of $1,162,144 is a better anchor than your assessment. Do not list at assessed value and wonder why you are sitting.

For condo owners, the picture is a bit brighter. You are above average in growth rank, values have barely moved (-0.47%), and College Park is the most affordable condo market in Port Moody. That affordability story is a genuine selling point in a high-rate environment where buyers are stretching to qualify. Lead with that.

One more number worth knowing - College Park ranks 2nd in Port Moody for total transaction volume. That means people are buying and selling here. The market is not frozen. It is just asking you to be realistic about price.

Want to know exactly where your property sits right now? Check your HonestDoor Price before you call an agent. It is the most current read on what your home is actually worth - not what the city assessed it at last July.

This 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.