Kelvin, New Westminster - October 2026 Real Estate Report
Kelvin, New Westminster: What Your Neighbour's House Is Actually Worth Right Now
If you own a home in Kelvin and you're still going off your city assessment, you might be working with the wrong number. Here's the real picture - straight from the street.
The Vibe: What's Happening in Kelvin Right Now
Kelvin is holding its ground. The neighbourhood is showing a slight dip in overall growth - down 0.03% year over year for houses - but don't read that as a red flag. This market is taking a breather, not falling apart. With 420 properties assessed this year and real transaction data backing things up, we have a solid read on where values actually sit.
Here's the quick split between what's moving in our neighbourhood:
Houses in Kelvin
- Average HonestDoor Price: $1,517,604 - up 0.30% from last period
- Average assessed value: $1,563,225
- Average sale price in 2026: $2,320,000
- Price per square foot: $901
- Predicted market value: $1,513,079
- Estimated monthly rent: $5,571
- Airbnb potential: $277 per night
- Airbnb rank in New Westminster: 2nd - near the top of the city
- Growth rank: 3rd out of 14 neighbourhoods - above average
- Price rank: 1st out of 14 - the most expensive in New Westminster
Houses here are sitting at the top of the New Westminster price leaderboard. Ranking 1st out of 14 neighbourhoods for price is not a small thing - it means Kelvin houses carry serious weight in this city. The 3-month moving average sits at $1,517,258, and the predicted value is tracking just below that at $1,513,079. Values are easing slightly, but we're still in strong territory. Rental yield comes in at 4.04%, which signals moderate but real income potential if you're thinking about holding.
Condos in Kelvin
- Average HonestDoor Price: $1,108,346 - up 1.13% from last period
- Average assessed value: $685,051
- Average sale price in 2026: $545,000
- Price per square foot: $576
- Predicted market value: $1,095,921
- Estimated monthly rent: $4,117
- Airbnb potential: $204 per night
- Neighbourhood growth: up 0.04% year over year
- Growth rank: 6th out of 15 neighbourhoods - above average
- Price rank: 3rd out of 13 - above average in New Westminster
Condos are actually the quiet story here. The HonestDoor Price is up 1.13% - the strongest move of any property type in Kelvin right now. The predicted value of $1,095,921 is climbing past the 3-month moving average of $1,089,010, which means momentum is pointing up. Growth ranks 6th out of 15 neighbourhoods, putting us solidly above average. Rental yield sits at 3.27% - moderate, but consistent.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment
Here's the thing about city assessments - they're a snapshot from the past. By the time that number lands in your mailbox, the market has already moved. For houses in Kelvin, the city's average assessed value is $1,563,225. The HonestDoor Price says $1,517,604. That's a 2.92% gap - and knowing which number is closer to reality could change how you price, negotiate, or plan your next move.
For condos, the gap is even more striking. The average assessed value sits at $685,051. The HonestDoor Price is $1,108,346 - that's 61.79% higher. If you're a condo owner in Kelvin and you're basing any financial decision on that assessment, you're leaving a lot of context on the table. The HonestDoor Price updates in real time using actual transaction data. It's the real-world check your assessment simply can't be.
The So What - Thinking About Selling This Summer?
If you're a house owner in Kelvin, you're sitting on the most expensive real estate in New Westminster by neighbourhood ranking. That's a strong position heading into summer. Values are steady, the short-term rental market ranks 2nd in the city for Airbnb potential, and buyers looking in New West know Kelvin commands a premium.
If you own a condo, the timing looks interesting. Values are ticking up, momentum is positive, and you're ranked 3rd in the city for price. With only 3 condo transactions recorded in 2026 so far, supply is tight - which generally works in a seller's favour.
Either way, the move right now is to check your HonestDoor Price before you do anything else. Don't walk into a listing conversation armed with a number that's already out of date. Know what your home is actually worth today - then decide.
kelvin | new westminster | october 2026This 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.