Garibaldi Highlands, Squamish - August 2026 Real Estate Report

Garibaldi Highlands Real Estate: What Your Neighbour Hasn't Told You Yet

The Vibe Right Now

If you've been watching the "For Sale" signs in Garibaldi Highlands, here's what's actually happening. The market is taking a breather. Values are holding, but the city's assessment numbers are running ahead of where buyers are actually writing cheques. That gap matters - and we'll get to why in a second.

With 1,244 houses and 325 condos assessed this year, this is a well-established neighbourhood. But only 3 house transactions and 2 condo transactions have closed so far in 2026. Low volume means every sale carries extra weight. One deal can move the needle for the whole street.

Houses: Solid Ground, But Watch the Gap

The average assessed value for a house here sits at $1,479,711. Sounds great on paper. But the HonestDoor Price - which tracks what buyers are actually paying right now - comes in at $1,382,107. That's 6.60% below the city's number. The HonestDoor Price has also dipped 1.54% from the previous period.

• Average assessed value: $1,479,711
• HonestDoor Price: $1,382,107 (down 1.54%)
• Predicted market value: $1,403,656
• 3-month moving average: $1,388,784 (trending up slightly)
• Average sale price: $940,000
• Price per square foot: $660
• Estimated rent: $5,161 per month
• Rental yield: 4.33%
• Airbnb estimate: $254 per night
• Neighbourhood growth: 0.04% year over year

On the neighbourhood leaderboard, houses here rank 9 out of 11 for growth in Squamish. That puts us near the bottom of the pack for price momentum. On affordability, we rank 8 out of 8 - meaning houses here are among the most accessible entry points in the city. For buyers, that's actually a reason to pay attention.

How do we stack up against nearby streets? Eagle Run averages $1,670,458 and Valleycliffe hits $1,645,340 - both pricier, and both growing slower than us. Dentville comes in cheaper at $1,162,811. So Garibaldi Highlands sits in the middle of the pack on price, with slightly better growth momentum than its neighbours.

Condos: A Different Story

Condos here are showing a bit more turbulence. The HonestDoor Price is $601,467 - up 4.34% from the previous period, which sounds encouraging. But the predicted market value has slipped to $576,438, down from a 3-month moving average of $587,734. Values have shifted -3.04% recently. The market is sending mixed signals, and we should read them carefully.

• Average assessed value: $641,754
• HonestDoor Price: $601,467 (up 4.34%)
• Predicted market value: $576,438
• 3-month moving average: $587,734 (trending down)
• Average sale price: $895,000
• Price per square foot: $684
• Estimated rent: $2,917 per month
• Rental yield: 3.69%
• Airbnb estimate: $145 per night
• Neighbourhood growth: 0.02% year over year

On the condo leaderboard, we rank 6 out of 8 for growth - below average for Squamish. But on price, we rank 2 out of 5, meaning condo owners here are sitting on above-average value compared to most of the city. Nearby Valleycliffe condos average $554,974 and Eagle Run sits at $752,941. We're right in the middle - not the cheapest, not the priciest.

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

Here's the thing about your BC Assessment notice. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already old news. The market has moved. Buyer behaviour has shifted. That number is not what a buyer would pay for your home today.

The HonestDoor Price is updated in real time. It pulls from actual transactions, current market conditions, and comparable sales happening right now - not 12 months ago. For houses in Garibaldi Highlands, the HonestDoor Price is already $97,604 lower than the assessed value. For condos, that gap is $40,287. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - using the assessed value is like navigating with last year's map.

Check your HonestDoor Price at HonestDoor.com. It takes about 30 seconds and it's free.

The So What - Thinking About Selling This Summer?

Straight talk: this is not a seller's market on fire. But it's not a disaster either. Here's how to think about it.

For house sellers, the predicted value of $1,403,656 is creeping up against the 3-month average - a small but real sign of stability. With only 1 house sold recently and low overall transaction volume, you're not competing against a flood of listings. Less competition can work in your favour if you price right from day one. Overpricing based on your assessed value is the fastest way to sit on the market and lose leverage.

For condo sellers, the short-term trend is softer. Values are down 3.04% recently and the predicted value is slipping below the moving average. That doesn't mean don't sell - it means price it sharp, move fast, and don't anchor to a number from last year's assessment. A rental yield of 3.69% and an Airbnb rank of 6 in Squamish means investor buyers are still interested. Lead with that story.

Bottom line: Garibaldi Highlands is a stable, established neighbourhood with real rental income potential and a location that holds its value. The window this summer is open - but pricing it right, based on real-time data, is everything.

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.