Fairview, Vancouver - July 2026 Real Estate Report

Fairview Real Estate Update: Your City Assessment Is Leaving Money on the Table

If you own a home in Fairview and the last number you checked was your BC Assessment, you might be underselling yourself by six figures. Here is what is actually happening on the ground right now.

The Vibe: What the Market Is Doing in Our Neighbourhood

Fairview is holding its own in a city where a lot of neighbourhoods are quietly softening. We are not seeing a crash, but we are not in a frenzy either. The market is taking a breather, and that actually creates a window for smart sellers. Here is the split between houses and condos, because they are telling two very different stories right now.

Houses in Fairview

If you have been watching the "For Sale" signs on the house side, here is what is actually happening. The average sale price is sitting at $756,000, essentially flat from last month. Only 2 houses sold, so we are working with a thin slice of data - but the predicted market value tells a more complete story at $1,641,218. That number is ticking slightly down from the 3-month moving average of $1,642,563, so we are not in rocket-ship territory, but we are not falling off a cliff either.

• Average sale price: $756,000
• Price per square foot: $790
• Predicted market value: $1,641,218
• Estimated monthly rent: $5,816
• Rental yield: 4.13%
• Recent value change: +0.31%
• Properties sold this month: 2

On the neighbourhood leaderboard, Fairview houses rank 7 out of 23 in Vancouver for growth - that puts us in above-average territory. For price, we rank 22 out of 22, which means we are among the most affordable house options in the city. That is not a bad thing. It means there is room to run, and buyers looking for value in Vancouver are going to find us before they find Kitsilano.

Speaking of Kitsilano - their average HonestDoor Price is $2,528,398. We are not there, but we are also not paying Kits prices. For buyers priced out of the west side, Fairview is the logical next stop.

Condos in Fairview

The condo side is where things get interesting. The average sale price jumped to $938,000, up 32% from last month - though with only 1 sale recorded, that swing is more of a data point than a trend. Do not read too much into the percentage. What matters more is the predicted market value of $1,631,262, which is also slightly easing from its 3-month average of $1,634,524.

• Average sale price: $938,000
• Price per square foot: $1,057
• Predicted market value: $1,631,262
• Estimated monthly rent: $5,336
• Rental yield: 2.81%
• Recent value change: +0.71%
• Properties sold this month: 1
• Airbnb rank in Vancouver: 8th

On the leaderboard, Fairview condos rank 19 out of 22 for growth - that puts us near the bottom of the pack right now. But for price, we rank 9 out of 22, which is above average for Vancouver. Translation: we are a premium condo market that is not growing as fast as some competitors. If you are a condo owner thinking about timing, that is worth paying attention to.

One bright spot - our Airbnb rank is 8th in all of Vancouver. If you are running a short-term rental or considering it, Fairview condos pull in an estimated $266 per night. That is a real number that your tax assessment does not reflect at all.

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

Here is the thing about BC Assessments - they are a snapshot from July 1st of the previous year. By the time that letter hits your mailbox, the number is already stale. The average assessed value for a Fairview house is $1,420,737. The average HonestDoor Price is $1,621,235. That is a gap of roughly $200,000.

For condos, the gap is even wider. The average assessed value is $937,470. The average HonestDoor Price is $1,622,997 - that is 73% higher than what the city has on file. If you walked into a listing conversation armed only with your assessment, you would be starting from the wrong number entirely.

The HonestDoor Price updates in real time using current sales data, market trends, and local comparables. It is the real-world check against a government number that gets updated once a year whether the market moves or not. For Fairview homeowners, checking your HonestDoor Price right now is not just a curiosity - it is the difference between knowing what your home is actually worth and guessing.

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

Summer is historically when Vancouver buyers come out of hibernation. Here is what the data says for Fairview sellers heading into that window.

• House values are holding near $1.64M predicted - flat is not falling, and summer demand could provide a lift
• Condo growth is lagging the city, ranking 19 out of 22 - if you are a condo owner, sooner may be better than later
• Neighbourhood growth is down 0.02% year over year - the market is not surging, but it is not retreating either
• Fairview houses are among the most affordable in Vancouver - that is a selling point, not a weakness
• Rental demand is strong - $5,754 average rent estimate means buyers who cannot immediately occupy will still see value

The honest take: if you own a house in Fairview, you are sitting on an asset that the city is undervaluing by a significant margin, and you are in a neighbourhood that ranks above average for growth. That is a decent hand to play this summer. If you own a condo, the growth ranking is a yellow flag - not a red one, but worth watching. Pricing it right from day one matters more in a slower-moving market.

Either way, start with your HonestDoor Price. It is the number that reflects today, not last July.

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.