Garibaldi Highlands, Squamish - September 2026 Real Estate Report

Garibaldi Highlands Real Estate: Your Assessed Value Is Lying To You

If you own a home in Garibaldi Highlands and you're still looking at your BC Assessment notice to figure out what your place is worth, we need to talk. That number is stale. The market has moved - and not in the direction the assessment suggests.

The Vibe Right Now: Houses vs. Condos

Houses

If you've been watching the "For Sale" signs in Garibaldi Highlands, here's what's actually happening. The average assessed value on houses sits at $1,479,711. But the HonestDoor Price - which tracks real-world market movement - comes in at $1,372,693. That's a $107,000 gap. The assessment is running hot compared to where buyers are actually writing cheques.

It gets more specific. The predicted market value for houses right now is $1,382,107, and that number is sliding - down from a 3-month moving average of $1,397,947. Recent price movement is -1.54%. The market is taking a breather. Only 3 houses sold recently, and the average sale price landed at $1,448,333 at roughly $952 per square foot.

• Average Assessed Value: $1,479,711
• HonestDoor Price: $1,372,693 (down 0.68% from last period)
• Predicted Market Value: $1,382,107
• Average Sale Price: $1,448,333
• Price Per Square Foot: $952
• Estimated Monthly Rent: $5,105
• Rental Yield: 4.35%
• Neighbourhood Growth Rank: 10 out of 11 in Squamish - bottom of the leaderboard

That growth rank is worth paying attention to. Out of 11 comparable neighbourhoods in Squamish, Garibaldi Highlands houses rank 10th for price growth. Nearby Eagle Run and Valleycliffe are pricier but growing slower, so we're not alone in cooling off. Dentville is cheaper across the board. We're sitting in the middle of the pack on price (rank 5 out of 8) but near the bottom on momentum right now.

Condos

The condo story here is actually a bit more encouraging. The HonestDoor Price for condos is $604,263 - up 0.46% from last period. The predicted market value is $601,467, and that number is climbing above the 3-month moving average of $590,795. Recent price change is up 4.34%. That's a real move.

The assessed value on condos is $641,754, so there's still a gap - about $37,000 - between what the city thinks your condo is worth and where the market is pricing it. But the direction is positive, and condos here rank 4th out of 8 neighbourhoods in Squamish for growth. That puts us above average on the leaderboard.

• Average Assessed Value: $641,754
• HonestDoor Price: $604,263 (up 0.46% from last period)
• Predicted Market Value: $601,467
• Average Sale Price: $895,000
• Price Per Square Foot: $684
• Estimated Monthly Rent: $2,929
• Rental Yield: 3.64%
• Growth Rank: 4 out of 8 in Squamish - above average on the leaderboard

One thing worth noting - the average sale price of $895,000 is running well above the HonestDoor predicted value of $601,467. With only 1 condo sold recently, that average is being pulled by a single data point. Don't read too much into it. The HonestDoor Price is the steadier number to watch.

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

Here's the thing about BC Assessments - they're a snapshot from July 1st of the previous year. By the time that notice hits your mailbox, the data is already 6 to 18 months old. In a market that's actively shifting, that's a long time to be working with old information.

The HonestDoor Price updates in real time. It pulls from actual transactions, current listing activity, and live market signals. Right now, it's telling us that houses in Garibaldi Highlands are priced about 7.23% below what the assessment says - and condos are about 5.84% below. If you're making any financial decision based on your assessed value, you're starting from the wrong number.

Whether you're refinancing, thinking about selling, or just curious what your place is actually worth today - the HonestDoor Price is the real-world check. It's not what the city assessed a year ago. It's what a buyer would likely pay right now.

So What Does This Mean If You're Thinking About Selling This Summer?

For house owners, the honest answer is: the window is tighter than it was. Values are drifting down slightly, growth ranks near the bottom of the Squamish leaderboard, and buyers have options. That doesn't mean you can't sell well - it means you need to price sharp from day one. Sitting above market hoping someone bites is a strategy that's costing sellers time and money right now.

For condo owners, the picture is better. Values are ticking up, the growth rank is above average, and the HonestDoor Price is moving in the right direction. If you've been on the fence, summer 2026 looks like a reasonable time to test the market.

Either way, start with your HonestDoor Price - not your assessment. It's the number that actually reflects where Garibaldi Highlands buyers are today. With 1,244 houses and 325 condos assessed in the neighbourhood, there's plenty of comparable data to work with. Use it.

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.