Heritage Woods, Port Moody - August 2026 Real Estate Report

Heritage Woods, Port Moody: Your Neighbour Just Got a Reality Check on Their Home Value

If you have been quietly wondering what your Heritage Woods home is actually worth right now - not what the city thinks it was worth last year - this is the update you need. The numbers are telling an interesting story, and it depends a lot on whether you own a house or a condo.

The Vibe: Houses vs. Condos - Two Very Different Rides

We are not all in the same boat right now, and that matters if you are thinking about your next move.

Houses in Heritage Woods are taking a breather. The predicted market value sits at $1,613,957, which is sliding down from the 3-month moving average of $1,631,353. Values have dipped 1.57% recently, and on the Port Moody neighbourhood leaderboard, houses here rank 10 out of 16 for growth - that puts us in below-average territory for momentum right now. The silver lining? We still rank 2 out of 13 for price, meaning Heritage Woods houses are among the most expensive in Port Moody. That is a strong floor to stand on. Average sale prices are holding around $2,049,167, and price per square foot is running near $863. Only 3 houses sold recently, with 8 total transactions recorded in 2026 so far.

Condos in Heritage Woods are a completely different story. The predicted market value is $1,283,304, and it is actually climbing past the 3-month moving average of $1,258,540. Values have jumped 5.07% recently, and condos here rank 1 out of 15 neighbourhoods in Port Moody for growth. That is the top spot. If you own a condo here, you are sitting in the best-performing segment in the city right now.

• House predicted market value: $1,613,957 (down from $1,631,353 three-month average)
• House recent value change: -1.57%
• House growth rank: 10 out of 16 in Port Moody
• House price rank: 2 out of 13 in Port Moody
• House average sale price: $2,049,167
• House price per square foot: $863
• Condo predicted market value: $1,283,304 (up from $1,258,540 three-month average)
• Condo recent value change: +5.07%
• Condo growth rank: 1 out of 15 in Port Moody - top of the leaderboard
• Neighbourhood overall growth: -0.04% year over year
• Total properties assessed: 933

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

Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1 of last year. The market has moved since then - in some cases, it has moved a lot. That number on your assessment is not what a buyer would pay you today.

The HonestDoor Price is updated in real time using actual market signals. For Heritage Woods houses, the average HonestDoor Price is $1,606,544. The average assessed value for the same homes is $1,619,269. That is a gap of about $12,700 - and the HonestDoor Price is 0.79% below the city assessment. For condos, the average HonestDoor Price is $1,261,289, down 1.72% from the previous period.

What does that mean for us? It means the city's number is running slightly ahead of where the real-world market is pricing things right now. If you are making a financial decision - refinancing, listing, or just benchmarking your net worth - using a stale government number could give you a false sense of where you stand. The HonestDoor Price is your real-world check.

• House HonestDoor Price: $1,606,544 (down 0.46% from previous period)
• House average assessed value: $1,619,269 (HonestDoor is 0.79% below this)
• Condo HonestDoor Price: $1,261,289 (down 1.72% from previous period)

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

If you own a house in Heritage Woods and are thinking about listing this summer, the honest answer is: do not wait for the market to come back to you. Growth is ranked below average right now, and values have slipped 1.57% recently. That does not mean panic - your home is still among the priciest in Port Moody. But the window where buyers were chasing prices upward has narrowed. Pricing sharp and moving fast is the play right now, not holding out for a number that the market is not currently supporting.

If you own a condo, the timing looks better. You are sitting in the number one growth spot in Port Moody, values are trending up, and your rental story is solid too - $4,929 per month in estimated rent with a 2.44% yield, plus an Airbnb rank of 2 in Port Moody at $245 per night. Buyers looking at condos in this city are going to find Heritage Woods near the top of the list.

For context on where we sit compared to nearby neighbourhoods - Heritage Mountain houses are priced higher at $1,762,068 but growing slower. Twin Creeks is cheaper at $1,465,639 and also slowing. Noons Creek is the priciest nearby option at $2,042,675. Heritage Woods sits in a competitive middle ground with a strong price position and a rental estimate of $5,807 per month for houses.

Bottom line: check your HonestDoor Price before you make any move. It is the number that reflects today, not last July.

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.