Kelvin, New Westminster - August 2026 Real Estate Report

Kelvin, New Westminster: Your Home Is Probably Worth Less Than The City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, hold on. The real-world numbers in Kelvin are telling a slightly different story right now - and it is worth knowing before you make any moves this summer.

The Vibe: What Is Actually Happening in Kelvin

Let us break it down by property type, because houses and condos are living in two very different realities right now.

Houses

The average sale price for a house in Kelvin sits at $2,320,000, with a price per square foot of around $901. Only 1 house sold so far in 2026, so we are working with a thin market - which means each sale carries a lot of weight.

The HonestDoor Price for houses is currently $1,509,407, and it has dipped 1.30% from the previous period. The 3-month moving average is $1,542,691, and the predicted market value of $1,529,289 is trending below that. In plain terms, house values in Kelvin are taking a breather right now.

• Average HonestDoor Price (Houses): $1,509,407
• Recent price change: -1.30%
• Average sale price: $2,320,000
• Price per square foot: $901
• Estimated monthly rent: $5,600
• Rental yield: 4.02%
• Airbnb potential: $276 per night - ranked 2nd in New Westminster
• Neighbourhood growth rank: 6 out of 15 in New Westminster - solidly above average on the leaderboard
• Price rank: 2 out of 14 - one of the most expensive neighbourhoods in the city

On the rental side, $5,600 per month with a 4.02% yield is a reasonable return for a neighbourhood ranked this high in price. And that Airbnb rank of 2nd in all of New Westminster is not nothing - if you have a suite or are considering short-term rental, Kelvin punches well above its weight.

Condos

Here is where things get interesting. The average assessed value for a condo in Kelvin is $685,051. But the HonestDoor Price is $1,088,162 - that is 58.84% higher than the assessed value. That is a massive gap, and it is actually moving in the right direction, up 0.48% from the previous period.

• Average HonestDoor Price (Condos): $1,088,162
• Recent price change: +0.48%
• Average sale price: $545,000
• Price per square foot: $576
• Estimated monthly rent: $4,075
• Rental yield: 3.26%
• Airbnb potential: $203 per night
• Neighbourhood growth rank: 6 out of 15 - above average on the leaderboard
• Price rank: 7 out of 13 - right in the middle of the pack for condos in New Westminster

The condo predicted value of $1,082,946 is sliding slightly below the 3-month moving average of $1,106,547, so there is some softness here too. But the fact that the HonestDoor Price is nearly 59% above the city assessment tells us the government's number is badly out of step with reality.

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

Your property assessment is a snapshot from months ago, calculated using a formula that does not care what happened on your street last Tuesday. It is a tax tool, not a market tool.

The HonestDoor Price is updated in real time using actual sales data, current market trends, and neighbourhood-level signals. For houses in Kelvin, the HonestDoor Price is already 3.44% below the average assessed value. That means if you are pricing a home based on your assessment, you may be starting from the wrong number entirely.

For condo owners, the gap goes the other way - the HonestDoor Price is nearly 59% above the assessed value. If you are a condo owner who has been sleeping on what your unit is actually worth, now is a good time to wake up and check your HonestDoor Price. It is the real-world check that your tax notice simply cannot give you.

The So What - Should You Sell in Kelvin This Summer?

Here is the honest take. Both houses and condos in Kelvin are showing some price softness right now. Values are down slightly over recent months, and the predicted values are trending below their 3-month averages. The market is not in freefall - it is just catching its breath.

What does that mean if you are thinking about listing this summer?

• Kelvin still ranks 2nd in New Westminster for Airbnb potential - that is a real selling point for buyers who want income flexibility.
• Houses rank 2nd in price out of 14 neighbourhoods. You are in premium territory, and that story still sells.
• Transaction volume is very low right now - only 1 house and 3 condo sales in 2026 so far. Low supply can work in your favour if you price right.
• Nearby neighbourhoods like Brow of the Hill and Uptown are cheaper. Buyers who get priced out of Kelvin go there next - which means Kelvin still has a positioning advantage.

The bottom line - if you are selling, do not anchor your price to the city assessment. Pull your HonestDoor Price, understand where the market actually sits today, and price with confidence. A well-priced home in a low-inventory market still moves. An overpriced one just sits.

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.