If you own a home in Glenayre and you have not checked your HonestDoor Price lately, now is the time. The city's assessment number and what your property is actually worth in today's market are two different conversations - and right now, the gap is telling a real story.
Let's be straight with each other. The market here is not on fire, but it is not stalling out either. It is holding steady in a way that should give us confidence heading into summer. Here is the split between houses and condos, because they are moving in very different directions.
House values are taking a small breather. The predicted market value of $1,625,177 is sitting just below the 3-month moving average of $1,639,307, which tells us prices have softened a touch in the short term. That said, landing at 7 out of 16 on the neighbourhood growth leaderboard means we are still punching above the middle of the pack in Port Moody. Not leading the race, but not falling behind either.
The rental story is solid. At $5,862 a month in estimated rent and a 3.90% yield, a Glenayre house is generating real income for investors - not just sitting there looking pretty.
Condos in Glenayre are quietly doing something interesting. The predicted market value is rising above the 3-month moving average, which means momentum is building, not fading. A growth rank of 4 out of 15 puts our condos near the top of the Port Moody leaderboard. For a segment that does not always get the headlines, that is worth paying attention to.
Compare that to nearby neighbourhoods - Seaview condos are priced at $872,138, Harbour Heights at $642,886, and Burnaby Mountain at $549,950. Glenayre condos at $508,900 are the most affordable entry point in the area. If you are a buyer, that is a real number worth circling.
Here is the thing about government assessments - they are a snapshot from months ago. They do not know what sold on your street last week. They do not adjust for the renovation you did, or the fact that buyer demand shifted since January.
The HonestDoor Price updates in real time. For Glenayre houses, the average HonestDoor Price is $1,644,838 - that is 0.68% higher than the average assessed value of $1,633,750. It is not a massive gap, but it is your money. And it has already moved up 1.21% from the previous period. The assessment you got in the mail has not caught up to that.
For condo owners, the HonestDoor Price of $508,900 reflects a 3.96% jump from the previous period. If you are still mentally anchored to an older number, you are underselling yourself before the conversation even starts.
Think of the HonestDoor Price as the real-world check - the number that accounts for what is actually happening in the market, not what was happening when the city last ran its spreadsheet.
If you own a house in Glenayre and you are thinking about listing this summer, here is the honest read. Values have dipped slightly from the 3-month peak, but you are still sitting on an asset worth well over $1.6 million in a neighbourhood that ranks above average for growth in Port Moody. The window is open - it is just not as wide as it was a few months ago. Pricing it right from day one matters more than it did last year.
If you own a condo, the timing actually looks better. Values are trending up, momentum is positive, and your growth rank of 4 out of 15 in Port Moody gives you a real talking point with buyers. The entry-level price compared to nearby neighbourhoods works in your favour too.
Either way, the first step is the same - pull your HonestDoor Price, compare it to your assessment, and go into any conversation with a seller or agent knowing your actual number. That is the difference between leaving money on the table and walking away with what your home is genuinely worth.
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.