Gilmore, Richmond - October 2026 Real Estate Report
Gilmore, Richmond: Your Home Is Worth Way More Than the City Thinks
If you own property in Gilmore and you have not looked at your HonestDoor Price lately, you are leaving serious money on the table. The city's assessment is one number. What your home is actually worth in today's market is a very different story.
The Vibe: What's Happening on Our Streets Right Now
Gilmore is holding its ground. Neighbourhood growth is essentially flat - down just 0.01% year over year - but flat in a softening Richmond market is actually a quiet win. We are not seeing the kind of slide that some nearby areas are dealing with. Here is how houses and condos are each telling their own story right now.
Houses in Gilmore
If you own a house here, you are sitting at the top of the Richmond leaderboard. Gilmore houses rank 1 out of 14 neighbourhoods for growth and 1 out of 13 for price. That is not a coincidence - this is one of the most sought-after pockets in the city.
- Average sale price: $1,800,000
- Price per square foot: $1,036
- HonestDoor predicted market value: $1,959,872
- 3-month moving average: $1,961,514 (values are holding steady)
- Estimated monthly rent: $6,371
- Rental yield: 4.10%
- Recent value change: up 0.36%
- Properties sold in 2026: 3 transactions across 339 assessed properties
The predicted market value of $1,959,872 is sitting just a hair below the 3-month moving average of $1,961,514. That is not a red flag - it means prices are stable, not crashing. For a house owner in Gilmore, this is a market that rewards patience but also rewards action right now.
Condos in Gilmore
The condo picture is a bit more nuanced. Values dipped 2.46% from the previous period, but here is the thing - Gilmore condos still rank 3 out of 15 neighbourhoods for growth and 2 out of 13 for price. We are still near the top of the pack.
- Average sale price: $860,000
- Price per square foot: $790
- HonestDoor predicted market value: $1,173,822
- 3-month moving average: $1,157,347 (values are actually trending up)
- Estimated monthly rent: $4,566
- Rental yield: 2.91%
- Recent value change: up 0.97%
- Airbnb rank in Richmond: 1st
Notice that the predicted market value of $1,173,822 is higher than the 3-month moving average of $1,157,347. That means momentum is building, not fading. The short-term dip in the HonestDoor Price does not tell the whole story - the trend line is pointing up. And ranking 1st in Richmond for Airbnb potential is a serious asset for anyone thinking about flexible income options.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the honest truth. The city's average assessed value for a Gilmore house is $1,517,083. The average HonestDoor Price is $2,042,525. That is a gap of 34.64% - or roughly $525,000 that the government's static number is not capturing.
For condos, the city says $916,316. HonestDoor says $1,144,911. That is a 24.95% difference - nearly $229,000 in value that a tax assessment would have you ignore.
Government assessments are snapshots frozen in time. They do not update when the market moves. The HonestDoor Price pulls from real-world transaction data and updates continuously. It is the difference between knowing what your home was worth last year and knowing what it is worth right now. For Gilmore owners, that distinction is worth hundreds of thousands of dollars.
The 'So What?': Thinking About Selling This Summer?
Here is the straight talk for anyone weighing a summer sale in Gilmore.
- Houses are ranked 1st in Richmond for both price and growth - you are selling from a position of strength
- Condo values are trending upward month over month, even with the recent short-term dip
- Every nearby neighbourhood - Broadmoor, Shellmont, Blundell - is cheaper and growing slower than Gilmore
- Rental demand is strong, with house rents estimated at $6,538 per month and condo rents at $4,495
- Airbnb potential ranks 1st in Richmond for condos and 3rd overall - a real selling point for buyers
The market is not on fire the way it was a couple of years ago, but Gilmore is one of the few spots in Richmond where the fundamentals are still working in a seller's favour. If you are thinking about listing, the window this summer is real. Check your HonestDoor Price first - because your asking price should start with what the market actually says your home is worth, not what the city assessed it at 12 months ago.
gilmore | richmond | october 2026This 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.