Connaught Heights, New Westminster - August 2026 Real Estate Report

Connaught Heights Reality Check: Your Home Is Worth Less Than the City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, hold on. The real-world numbers tell a slightly different story - and knowing the gap could save you from making a costly mistake this summer.

The Vibe: What Is Actually Happening on Our Streets

Let us start with the honest picture. The city has us assessed at an average of $1,523,330 for houses in Connaught Heights. But the average HonestDoor Price - which tracks real market movement, not a government snapshot from last year - sits at $1,444,724. That is a $78,606 gap, and it is widening. The HonestDoor Price is already 5.16% below that assessed value, and it has slipped another 1.78% from the previous period.

On the house side, here is what we are working with right now:

• Average sale price: $1,328,800
• Price per square foot: $955
• Predicted market value: $1,470,961
• 3-month moving average: $1,542,282 - and we are trending below it
• Recent value change: -5.25%
• Estimated monthly rent: $5,423 with a rental yield of 4.14%
• Airbnb potential: $266 per night
• Only 1 property sold in 2026 so far

On the neighbourhood leaderboard, houses in Connaught Heights rank 15 out of 15 for growth among comparable New Westminster neighbourhoods. Dead last. Price-wise we sit at 4 out of 14 - so we are still a premium address, but the momentum is not with us right now. The neighbourhood itself saw growth decline 0.03% year over year. The market is not crashing - it is taking a breather - but that breather has been going on long enough to pay attention.

Condos in Connaught Heights are a different animal entirely. The average HonestDoor Price for condos here is $4,111,887 - a number that stands out sharply against nearby neighbourhoods like Westend at $677,200 and North Arm North at $736,326. That gap is enormous. The condo HonestDoor Price has actually ticked up 1.83% from the previous period, which is the one bright spot in this update. That said, the predicted market value of $4,038,040 is sitting below the 3-month moving average of $4,125,514, and recent value change is -4.31%. Condos also rank 15 out of 15 for growth. The rental yield on condos is 1.79% - moderate at best given the price point.

The Secret Sauce: Why You Should Check Your HonestDoor Price Today

Here is the thing about government assessments - they are a photograph taken months ago. The market has moved since then, and in Connaught Heights right now, it has moved downward. Your assessment says $1,523,330. The HonestDoor Price says $1,444,724. If you are pricing a listing, negotiating a sale, or even just refinancing, using the assessed value as your anchor is working with old information.

The HonestDoor Price updates in real time using actual transaction data and market signals. With only 1 transaction recorded in Connaught Heights so far in 2026, every data point matters more - and a stale assessment matters less. Think of the HonestDoor Price as the number your buyer's agent already knows. You should know it too.

449 properties were assessed in this neighbourhood this year. Most of those owners are probably looking at a number that flatters them. The HonestDoor Price is the reality check before the market delivers one for you.

The So What: Thinking About Selling This Summer?

If selling is on your radar, here is the straight talk. Connaught Heights is still a premium address in New Westminster - a rank of 4 out of 14 for average assessed value confirms that. But growth is at the bottom of the leaderboard, values are trending below their 3-month average, and transaction volume is thin. One sale in 2026 means there is not a lot of comparable data propping up your asking price.

What does that mean for your wallet this summer?

• Price sharp from day one - buyers in a slow-transaction market do their homework
• Do not anchor to the assessed value of $1,523,330 - the market is not paying that right now
• The HonestDoor Price of $1,444,724 is a more honest starting point for your conversations with an agent
• If you can hold, the rental story is decent - $5,355 per month average rent and a 4.14% yield on houses gives you options
• Nearby neighbourhoods like Westend at $1,253,773 and North Arm North at $938,863 are cheaper alternatives buyers will compare you against - your premium needs to be justified

Bottom line - Connaught Heights is not a neighbourhood in trouble, but this is not the moment to be overconfident about your price. Check your HonestDoor Price, have an honest conversation about what the market is actually doing, and go in with clear eyes. That is how you win this summer.

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.