Connaught Heights, New Westminster - July 2026 Real Estate Report

Connaught Heights Real Talk: Your Home Is Worth More Than You Think - But the Market Is Shifting

If you own a home in Connaught Heights and you have not looked at your numbers lately, now is the time. The city's assessment says one thing. The real world is saying something a little different. Here is what is actually going on in our corner of New Westminster.

The Vibe: What Is Happening With Houses and Condos Right Now

Let's split this into two conversations, because houses and condos are telling very different stories in Connaught Heights right now.

Houses - Taking a Breather

We have to be straight with you. The house market here is cooling off. The average HonestDoor Price for a house sits at $1,470,258, and that number has slipped 5.25% from the previous period. The 3-month moving average is $1,610,933, and the current predicted market value of $1,551,660 is running below that. That gap tells us momentum is pointing downward, not up.

• Average HonestDoor Price (Houses): $1,470,258
• Average Sale Price: $1,328,800
• Price Per Square Foot: $955
• Predicted Market Value: $1,551,660
• 3-Month Moving Average: $1,610,933
• Recent Price Change: -3.18%
• Estimated Monthly Rent: $5,638
• Rental Yield: 4.07%
• Properties Sold in 2026: 1
• Neighbourhood Growth Rank: 15 out of 15 in New Westminster
• Price Rank: 3 out of 14 in New Westminster (above average)

That growth rank - dead last on the neighbourhood leaderboard at 15 out of 15 - is the number that should get your attention. It does not mean Connaught Heights is a bad place to own. It means house values here are under more pressure right now than anywhere else in New Westminster. On the flip side, we still rank 3rd highest in price, so the neighbourhood holds its prestige. We are just not growing the way we were.

On the rental side, a 4.07% yield is decent. If you are a landlord or thinking about holding instead of selling, $5,638 per month in estimated rent is a real number worth running through your calculator.

Condos - A Completely Different Story

Here is where things get interesting. Condos in Connaught Heights are bucking the trend entirely. The average HonestDoor Price for condos is $4,038,040, and the predicted market value of $4,220,028 is actually climbing above the 3-month moving average of $4,147,728. That is the opposite of what we are seeing with houses.

• Average HonestDoor Price (Condos): $4,038,040
• Predicted Market Value: $4,220,028
• 3-Month Moving Average: $4,147,728
• Recent Price Change: +2.47%
• Estimated Monthly Rent: $9,915
• Airbnb Estimate: $485 per night
• Airbnb Rank in New Westminster: 1st
• Growth Rank: 1 out of 15 in New Westminster

Top of the neighbourhood leaderboard for condo growth - 1st out of 15. Condos here are also ranked number one in New Westminster for Airbnb income potential at $485 per night. If you own a condo in Connaught Heights, you are sitting in the strongest-performing segment in the city right now.

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

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of last year. By the time it lands in your mailbox, the market has already moved. For houses in Connaught Heights, the average assessed value is $1,523,330. The average HonestDoor Price is $1,470,258. That is a gap of roughly $53,000 - and the HonestDoor Price is the one tracking what buyers are actually paying right now, not what they were paying a year ago.

The HonestDoor Price is updated in real time using live transaction data, not a once-a-year government estimate. With house values down 3.18% recently and the market sitting at the bottom of the New Westminster growth leaderboard, your assessed value could be giving you a rosier picture than what a buyer would actually put on the table today. That matters a lot if you are making decisions about selling, refinancing, or even just understanding your net worth.

Compared to nearby neighbourhoods, Connaught Heights houses are still priced above Westend ($1,278,664), North Arm North ($959,766), and Stride Avenue ($982,600). We are a premium address. But premium does not mean immune to market shifts.

The "So What?" - Thinking About Selling This Summer?

If you are a house owner in Connaught Heights and you are thinking about listing this summer, here is the honest take. The window where you could name your price and watch offers roll in has narrowed. With only 1 transaction recorded in 2026 so far, buyer activity is thin. Prices are off their recent peak. Sitting and waiting for the market to bounce back to that $1,610,933 moving average could work - or it could mean watching values drift further.

If you need to sell, price it sharp. At $955 per square foot, Connaught Heights still commands respect. But overpricing based on last year's assessment is the fastest way to sit on the market and lose leverage.

If you own a condo here, the calculus is different. Values are moving up, the growth rank is the best in New Westminster, and short-term rental income potential is the highest in the city. Holding looks smart right now. If you do sell, you are doing it from a position of strength.

Either way, the first step is knowing your real number - not the government's number from last July. Check your HonestDoor Price, compare it to your assessment, and make decisions based on what the market is actually doing today.

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.