Connaught Heights, New Westminster - October 2026 Real Estate Report
Connaught Heights, New Westminster: Your Neighbour Just Got a Reality Check on Their Home Value
If you own a home in Connaught Heights and you're still relying on your BC Assessment notice, here's the honest truth - that number is already out of date. The real-world picture looks a little different, and knowing the gap could save you from leaving money on the table or pricing yourself out of a sale.
The Vibe: What's Actually Happening on Our Streets
Let's break it down by property type, because houses and condos are telling two different stories right now.
Houses in Connaught Heights
If you've been watching the "For Sale" signs around here, the house market is steady but quiet. One sale recorded in 2026 so far tells us this isn't a high-volume neighbourhood - which actually works in a seller's favour when the right buyer shows up.
- Average Sale Price: $1,328,800
- Price Per Square Foot: $955
- HonestDoor Predicted Value: $1,450,499
- 3-Month Moving Average: $1,455,395 (values are easing slightly)
- Estimated Monthly Rent: $5,371
- Rental Yield: 4.16%
- Recent Value Change: up 0.40%
- Growth Rank: 2 out of 14 neighbourhoods in New Westminster
That growth rank is the number we should all be paying attention to. Sitting at 2 out of 14 puts Connaught Heights houses near the top of the New Westminster leaderboard for value momentum. We're not the flashiest market, but we're holding our ground better than most of our neighbours.
Condos in Connaught Heights
The condo side of things is a different animal entirely. The numbers here are eye-catching, and the upward trend is hard to ignore.
- Average HonestDoor Price: $4,218,646
- Recent HonestDoor Price Change: up 0.16%
- Predicted Market Value: $4,211,828
- 3-Month Moving Average: $4,120,585 (values are climbing)
- Estimated Monthly Rent: $9,944
- Airbnb Estimate: $492 per night
- Airbnb Rank in New Westminster: 1st
- Growth Rank: 3 out of 15 neighbourhoods in New Westminster
Condos here rank 1st in New Westminster for Airbnb income potential. If you own a condo in Connaught Heights, that's a serious short-term rental edge over every other neighbourhood in the city. The predicted value is also trending above the 3-month moving average, which means momentum is pointing up, not down.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about BC Assessment - it's a snapshot from July 1st of the previous year. By the time that notice hits your mailbox, the market has already moved on. For houses in Connaught Heights, the average assessed value sits at $1,523,330. But the average HonestDoor Price is $1,476,407 - that's 3.08% lower than what the government says your home is worth.
That gap matters. If you're pricing a listing based on your assessment, you could be starting the conversation in the wrong place entirely. The HonestDoor Price pulls in real-time sales data and current market signals to give you a live read - not a number that's already 12 months old. It's the difference between knowing what your home is worth today versus what a spreadsheet said it was worth last summer.
With 449 properties assessed in the neighbourhood this year, there's a solid data foundation here. But assessed value and market value are not the same thing, and right now, the gap between them is real money.
The So What - Should You Sell in Connaught Heights This Summer?
If you're thinking about listing this summer, here's the straight talk.
For house owners - the market is taking a breather. One transaction in 2026 means low competition if you list, but also fewer comparable sales to anchor your price. The good news is that a growth rank of 2 out of 14 in New Westminster means buyers looking at the data will see Connaught Heights as a stronger hold than most alternatives. Price it right using the HonestDoor Price as your anchor, not the assessment, and you're starting from an honest position.
For condo owners - the trend is working in your favour. Values are climbing past the 3-month average, Airbnb income potential ranks first in the city, and growth sits at 3 out of 15 on the neighbourhood leaderboard. If you've been waiting for a signal, the data is nudging you toward action sooner rather than later.
Either way, the smartest first move is checking your HonestDoor Price before you call an agent, set a number, or do anything else. It takes 30 seconds and it's the most current read on what your home is actually worth in today's market - not last year's.
connaught heights | new westminster | 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.