Deep Cove, North Vancouver - September 2026 Real Estate Report

Deep Cove Real Estate Right Now: Your Neighbour Isn't Telling You This

If you own a home in Deep Cove and you're still looking at your BC Assessment notice to figure out what your place is worth, you're working with old information. Here's the real picture, straight up.

The Vibe: What's Actually Happening in Deep Cove

Deep Cove is one of those pockets where the numbers tell two different stories depending on what you own. Let's break it down for us locals.

Houses

If you've been watching the "For Sale" signs around the cove, here's what's actually happening. The average HonestDoor Price for a house sits at $2,285,139 - that's already 3.04% above the average assessed value of $2,217,620. In plain terms, your home is likely worth more than the city thinks it is. That gap is real money.

That said, house values have dipped a touch - down 0.22% from the previous period, and the predicted market value of $2,290,217 is trending slightly below the 3-month moving average of $2,303,534. The market is taking a breather. It's not a freefall - it's a pause.

• Average HonestDoor Price: $2,285,139
• Average Assessed Value: $2,217,620
• HonestDoor Price vs. Assessment: +3.04%
• Recent Sale Price Average: $1,443,000
• Price Per Square Foot: $1,112
• Estimated Monthly Rent: $7,515
• Rental Yield: 3.63%
• Airbnb Potential: $373 per night (ranked 15th in North Vancouver)
• Properties Sold in 2026: 2 transactions
• Neighbourhood Growth Rank: 22 out of 52 in North Vancouver - above average
• Price Rank: 36 out of 46 - below average for price in North Vancouver

On the neighbourhood leaderboard, houses here rank 22nd out of 52 for growth - that puts Deep Cove solidly in the upper half of North Vancouver. For total transactions, we rank 5th, which means when houses do move here, people are paying attention.

Compared to neighbours: Indian River houses are cheaper at $1,833,659 and growing slightly faster. Cove Cliff is a step up at $2,361,758. If you're benchmarking your Deep Cove house, you're sitting right in a competitive sweet spot.

Condos

Here's where it gets interesting. Deep Cove condos are a different animal entirely - and right now, they're moving in the right direction.

The average HonestDoor Price for a condo is $2,861,710, up 2.22% from the previous period. The predicted market value of $2,799,609 is also climbing above the 3-month moving average of $2,761,504. That's a positive signal. Values are building momentum, not losing it.

• Average HonestDoor Price: $2,861,710
• Recent Change: +2.22%
• Recent Sale Price Average: $790,000
• Price Per Square Foot: $721
• Estimated Monthly Rent: $8,199
• Rental Yield: 2.14%
• Airbnb Potential: $407 per night (ranked 2nd in all of North Vancouver)
• Properties Sold in 2026: 1 transaction
• Growth Rank: 8 out of 48 in North Vancouver - top performer
• Price Rank: 9 out of 21 - above average in North Vancouver

That Airbnb rank of 2nd in North Vancouver is not a small thing. If you own a condo here and you're not at least running the numbers on short-term rental income, you're leaving money on the table. At $407 a night, Deep Cove's scenery is doing real work for owners.

On the neighbourhood leaderboard, Deep Cove condos rank 8th out of 48 for growth. That's top-tier. Every nearby neighbourhood - Indian River, Cove Cliff, Parkgate - comes in cheaper on the HonestDoor Price. We're not the budget option here, and the data backs that up.

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

Your BC Assessment is a snapshot taken months ago, based on market conditions that have already changed. It's not wrong - it's just slow. The HonestDoor Price is a real-time check on what buyers are actually willing to pay today.

For Deep Cove houses, that gap is already $67,519 in your favour - the HonestDoor Price runs 3.04% above the assessed value. If you're making any financial decision based on your assessment alone - refinancing, estate planning, deciding whether to list - you're starting from the wrong number.

With 630 properties assessed in Deep Cove this year, the city has a lot of ground to cover. Individual properties drift from those averages all the time. Your specific home could be sitting on an even bigger gap. The only way to know is to check your HonestDoor Price directly.

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

Here's the honest take for anyone considering a summer listing in Deep Cove.

For house sellers: the market is steady but not surging. Values are just slightly off their recent peak, and only 2 transactions have happened in 2026 so far. Low inventory cuts both ways - there's less competition from other sellers, but buyers have fewer data points to anchor their offers. Price it sharp and you'll stand out. Price it based on your old assessment and you might be leaving money behind or, worse, pricing yourself out of serious buyers.

For condo sellers: the momentum is on your side right now. Values are up 2.22% and trending above the moving average. If you've been waiting for a signal to move, this is a cleaner window than the house market is showing. The Airbnb ranking alone - 2nd in North Vancouver - gives you a strong story to tell buyers who are thinking about income potential.

Either way, the move is the same: check your HonestDoor Price before you do anything else. It's the number that reflects today's Deep Cove, not last year's.

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.