Hamilton, Richmond - July 2026 Real Estate Report

Hamilton, Richmond: Your Home Is Worth More Than the City Thinks

If you own a place in Hamilton and you have not checked your HonestDoor Price lately, you are probably sitting on more equity than your last tax notice suggests. The city's assessment is frozen in time. The real market is not. Here is what is actually going on in our corner of Richmond right now.

The Vibe: Houses vs. Condos

The two property types in Hamilton are telling very different stories this year, and it is worth knowing which one you are in.

Houses - Steady and Undervalued on Paper

If you own a house here, the gap between what the city says your home is worth and what it would actually sell for is real money. We are talking about a meaningful difference that shows up clearly when you run the numbers.

• Average Assessed Value: $1,158,753
• Average HonestDoor Price: $1,227,822
• That gap: roughly $69,000 the assessment is leaving on the table
• HonestDoor Price is up 0.23% from the previous period
• Predicted market value: $1,224,987 - trending up from the 3-month average of $1,210,993
• Average sale price: $760,000 - ahead of nearby Queensborough at $665,000
• Price per square foot: $560
• Estimated rent: $4,770 per month
• Airbnb potential: $237 per night
• Rental yield: 4.48%
• Transactions in 2026: 6 sales across 1,392 assessed properties

On the neighbourhood leaderboard, Hamilton houses rank 7 out of 15 for growth in Richmond - that puts us in above-average territory. For price, we rank 13 out of 13, which means we are the most affordable house market in Richmond right now. That is not a bad thing if you are buying. If you are selling, it means there is room to move up.

Year-over-year neighbourhood growth dipped slightly at -0.08%, so the market is taking a breather - but the 3-month trend on predicted values is pointing back up. Property values have moved 1.82% recently, which is a quiet but real gain.

Condos - A Big Jump in HonestDoor Price, But Watch the Short-Term Trend

The condo side of Hamilton is a bit more mixed, and we should be honest about that.

• Average HonestDoor Price: $726,453 - up a significant 20.29% from the previous period
• Average sale price: $595,000
• Price per square foot: $606
• Predicted market value: $603,908 - currently dipping below the 3-month average of $627,833
• Estimated rent: $2,917 per month
• Rental yield: 3.60%
• Airbnb potential: $145 per night
• Transactions in 2026: 2 sales

On the leaderboard, Hamilton condos rank 10 out of 15 for growth - below average for Richmond - and sit at 7 out of 13 for price, which puts us in the middle of the pack. The short-term predicted value has slipped 3.39% recently, so if you own a condo here, the longer-term HonestDoor Price signal is encouraging, but the near-term momentum is worth watching. Queensborough condos are slightly pricier at $781,468, and even Annacis Island is tracking at $661,723 for predicted value - so Hamilton is competitive but not running away from the pack right now.

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

Here is the thing about government assessments - they are a snapshot from months ago, built on sales data that is already old by the time it hits your mailbox. The city is not trying to mislead you. It is just slow by design.

The HonestDoor Price is updated in real time using current sales, market shifts, and what comparable homes are actually doing right now. For Hamilton house owners, that means a number that is 5.96% higher than the assessed value - a gap of roughly $69,000. That is not a rounding error. That is the difference between pricing your home to sell fast and pricing it to leave money behind.

If your neighbour sold last month and you are still quoting your BC Assessment to a buyer, you are negotiating with yesterday's playbook. Check your HonestDoor Price first. It is the real-world number.

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

For house owners in Hamilton, the timing is worth a serious look. The predicted value is trending upward, you are sitting above Queensborough on sale price, and the HonestDoor Price has a clear edge over the city's assessment. The market is not on fire, but it is not soft either. A well-priced house here has a real audience.

For condo owners, the picture calls for a bit more patience. The short-term predicted value has pulled back, and with only 2 transactions logged in 2026 so far, the pool of recent comparable sales is thin. That does not mean do not sell - it means price it carefully and lean on the HonestDoor Price as your anchor, not a number from last year's assessment roll.

Either way, the smartest move before you call an agent or list anything is to pull your current HonestDoor Price. It takes two minutes and it tells you exactly where you stand - not where you stood six months ago.

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.