Keith Lynn, North Vancouver - August 2026 Real Estate Report

Keith Lynn, North Vancouver: Your Home Is Worth More Than the City Thinks

If you own a house in Keith Lynn and you have not looked at your numbers lately, here is the short version: the city's assessment is running behind reality. The average assessed value sits at $1,965,872, but the average HonestDoor Price is $2,068,694. That is a gap of over $100,000. For most of us, that difference matters a lot - especially if you are thinking about selling, refinancing, or just want to know where you actually stand.

The Vibe: Houses vs. Condos in Keith Lynn

These two property types are telling very different stories right now, so let's break them down separately.

Houses - Holding Steady at the Top of the Market

Houses in Keith Lynn are not cheap, and they are not pretending to be. Here is what the numbers are saying:

• Average sale price: $2,275,000
• Price per square foot: $1,192
• HonestDoor predicted market value: $2,061,358
• 3-month moving average: $2,075,464 (values are easing slightly)
• Estimated monthly rent: $6,993
• Rental yield: 3.67%
• Recent value change: -1.36%
• Growth rank: 11 out of 52 neighbourhoods in North Vancouver - above average
• Price rank: 13 out of 47 neighbourhoods - above average

We are not in freefall here. A -1.36% dip is the market taking a breather, not a warning sign. The growth rank of 11 out of 52 puts Keith Lynn houses in solid above-average territory on the North Vancouver neighbourhood leaderboard. Only 10 neighbourhoods are growing faster. That is a good place to be.

One thing worth noting: only 1 house sold last month, and 2 transactions were recorded in 2026 so far. Low volume does not mean low value - it often means owners are not in a rush to leave. But it does mean buyers have fewer options, which tends to support prices.

Condos - A Different Story

Condos in Keith Lynn are a smaller slice of the market, and right now they are facing a bit of a headwind. Here is the snapshot:

• Average HonestDoor Price: $593,069 - down 1.15% from last period
• Predicted market value: $599,939 (trending slightly up from the 3-month average of $597,060)
• Estimated monthly rent: $2,917
• Rental yield: 3.64%
• Recent value change: -0.94%
• Growth rank: 36 out of 48 neighbourhoods - below average
• Airbnb rank in North Vancouver: 42

We will be straight with you: a growth rank of 36 out of 48 is not where we want to be. Condo values in Keith Lynn are sliding a little, and nearby options like Cedar Village ($806,531), Lower West Lynn ($770,100), and Grand Boulevard ($682,244) are all priced higher. If you own a condo here, it is worth watching the next few months closely. The predicted value is nudging upward from the 3-month average, so it is not all bad news - but this is not the moment to assume things will take care of themselves.

The Secret Sauce: Why Your HonestDoor Price Beats the Tax Assessment

Here is the thing about government assessments: they are calculated using data that is already months old by the time it lands in your mailbox. The city assessed the average Keith Lynn home at $1,965,872. The HonestDoor Price says $2,068,694. That is a 5.23% difference - and it is the difference between making an informed decision and leaving money on the table.

The HonestDoor Price updates in real time. It pulls from actual market activity, not a snapshot from last July. For 733 assessed properties in Keith Lynn, that gap adds up fast across the neighbourhood. If you are using your assessment to anchor your expectations - for a sale price, a refinance conversation, or even just a gut check - you are working with yesterday's numbers. The HonestDoor Price is the real-world check.

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

If a "For Sale" sign is on your mind, here is the honest take for Keith Lynn this summer.

For house owners, the fundamentals are still in your corner. You are sitting above average on the North Vancouver leaderboard, your price per square foot is strong at $1,192, and the rental income potential of nearly $7,000 a month makes your home attractive to a wide range of buyers. The slight dip in values is not a trend yet - it is a blip. Listing while inventory is this thin means less competition for your listing.

For condo owners, the picture calls for a bit more strategy. Values are softer, the growth rank is below average, and nearby neighbourhoods are priced higher. That does not mean do not sell - it means price it right from day one. An overpriced condo in a below-average growth neighbourhood will sit. A well-priced one will move.

Either way, start with your HonestDoor Price - not your assessment notice. Know your real number before you have any conversation about selling. That is the move.

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.