Fairview, Vancouver - August 2026 Real Estate Report

Fairview, Vancouver: Your Home Is Worth More Than The City Thinks

If you have been glancing at your latest property assessment and feeling a little underwhelmed, here is the real story. The city's number is a snapshot from the past. The HonestDoor Price is what the market is actually saying right now - and in Fairview, that gap is significant.

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

Fairview is a tale of two property types at the moment, and it is worth knowing which side of the fence you are on.

Houses

Let's be straight with you - the house market here is taking a breather. Values sit at a predicted $1,621,235, which is nudging down from the 3-month moving average of $1,632,863. The recent change of -1.22% puts us at rank 20 out of 23 neighbourhoods for growth. That is bottom-tier territory, and we should not sugarcoat it.

• Average HonestDoor Price: $1,650,418
• Average assessed value: $1,420,737
• HonestDoor Price is 16.17% above the city assessment
• HonestDoor Price up 1.80% from the previous period
• Average sale price: $756,000 (price per sq ft around $790)
• Recent sales: 2 properties - essentially flat month over month
• Estimated rent: $5,754 per month
• Rental yield: 4.16%
• Price rank: 22 out of 22 - among the most affordable houses in Vancouver
• Growth rank: 20 out of 23 - bottom of the leaderboard

The silver lining? Even with softer growth, our average sale price of $756,000 still edges out Downtown houses at $699,689. And if you are a landlord, a 4.16% rental yield is a respectable return in this city.

Condos

This is where Fairview gets interesting. Condo values are actually ticking up - the predicted market value of $1,625,760 is sitting just above the 3-month moving average of $1,625,598. That is a small but meaningful move in the right direction.

• Average HonestDoor Price: $1,622,997
• Average assessed value: $937,470
• HonestDoor Price is 73.13% above the city assessment
• HonestDoor Price up 5.55% from the previous period
• Average sale price: $1,012,333 (price per sq ft around $940)
• Recent sales: 3 properties - essentially flat month over month
• Estimated rent: $5,319 per month
• Rental yield: 2.82%
• Airbnb rank in Vancouver: 8th - strong short-term income potential
• Price rank: 8 out of 22 - above average in Vancouver
• Growth rank: 6 out of 22 - well above average on the neighbourhood leaderboard

Condos here are punching well above their weight. A growth rank of 6 out of 22 puts Fairview condos in the top quarter of Vancouver neighbourhoods. That is a very different story from the house side of the market.

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

Here is something worth knowing before you make any big decisions. The city's assessed value for a Fairview condo averages $937,470. The HonestDoor Price for that same condo? $1,622,997. That is a gap of over $685,000 - or 73% - between what the government has on file and what the real world is actually pricing your home at.

For houses, the gap is smaller but still real - $1,420,737 assessed versus $1,650,418 on HonestDoor. That is over $229,000 sitting between the city's paperwork and your actual equity.

Tax assessments are updated once a year and they are always looking in the rear-view mirror. The HonestDoor Price pulls from current market activity and updates in real time. If you are making decisions about refinancing, selling, or even just understanding your net worth, the assessed value is the wrong number to anchor on.

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

If you own a condo in Fairview and have been sitting on the fence, the data is nudging you toward action. Values are creeping up, growth ranks 6th in the city, and with 9,226 assessed condo properties in the neighbourhood, there is real buyer interest here. A $5,350 per night rental estimate and an 8th-place Airbnb ranking in Vancouver also means buyers with investment intentions are circling.

If you own a house, the picture calls for a bit more patience - or a sharper pricing strategy. Growth is soft and sales volume is thin at just 2 transactions recently. That does not mean you cannot sell well this summer, but it does mean pricing it right from day one matters more than ever. Overpricing a slow market is how homes sit unsold for months.

Either way, the first move is the same - check your HonestDoor Price before you do anything else. It is the real-world number, not the government's best guess from last January.

Compared to neighbours like Kitsilano (HonestDoor Price $2,522,129) and West End ($1,856,030), Fairview still offers relative value. For buyers priced out of those areas, Fairview is a logical next look - and that steady demand is what keeps our floor from dropping.

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.