Millar Addition, Prince George - August 2026 Real Estate Report

Millar Addition, Prince George: What Your Home Is Actually Worth Right Now

If you own a place in Millar Addition and the last number you checked was your city assessment, you are probably looking at the wrong number. Here is what is actually going on in our corner of Prince George.

The Vibe: Houses vs. Condos

We have got two pretty different stories playing out right now depending on what you own.

Houses - The market is taking a breather. The HonestDoor Price for a house in Millar Addition sits at $407,791, which is already $13,928 above the average city assessment of $393,863. But the 3-month moving average is sliding - down from $416,064 to a predicted $408,849 right now. Values have dipped 2.52% recently, and on the neighbourhood leaderboard, houses here rank 23rd out of 31 for growth in Prince George. That puts us in the below-average tier for the moment. Not a freefall, but not a hot streak either.

• Average HonestDoor Price: $407,791
• Average City Assessment: $393,863
• HonestDoor Price is 3.54% above assessment
• Recent value change: -2.52%
• Rental estimate: $2,075 per month
• Rental yield: 5.79% - that is a strong return
• Airbnb estimate: $103 per night
• Growth rank: 23 out of 31 neighbourhoods in Prince George
• 628 properties assessed this year

Condos - This is the more encouraging story. The HonestDoor Price for a condo here is $247,142, sitting 5.86% above the average city assessment of $233,470. Condo values have nudged up 2.02% recently, and the neighbourhood growth rate is positive at 0.07% year over year. On the leaderboard, condos rank 18th out of 28 - still below average, but moving in the right direction. The assessed value rank of 2nd in Prince George is worth noting - that tells us condos here are among the most valuable in the city by assessment standards.

• Average HonestDoor Price: $247,142
• Average City Assessment: $233,470
• HonestDoor Price is 5.86% above assessment
• Recent value change: +2.02%
• Rental estimate: $1,318 per month
• Rental yield: 4.23% - moderate but steady
• Airbnb estimate: $66 per night
• Growth rank: 18 out of 28 neighbourhoods in Prince George
• 254 properties assessed this year

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

Your city assessment is a snapshot frozen in time - it reflects what bureaucrats estimated your home was worth months ago, using data that is even older than that. It does not move with the market. The HonestDoor Price does.

Right now, for houses in Millar Addition, the HonestDoor Price is running $13,928 ahead of the city assessment. For condos, that gap is $13,672. If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - using the assessment number means you are working with stale information. The HonestDoor Price is the real-world check that updates as the market moves, not once a year when the city gets around to it.

Think of it this way: your neighbour's assessment and your assessment might look similar on paper, but the HonestDoor Price accounts for what buyers are actually paying right now. That difference can mean real money in your pocket or a real miscalculation if you ignore it.

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

Here is the straight talk for anyone eyeing a summer sale in Millar Addition.

For house sellers, the window is not closing, but the trend line is worth watching. Values have slipped 2.52% recently and the 3-month average is drifting down. Waiting to see if things bounce back is a gamble. If you are ready to sell, pricing sharp against the current HonestDoor Price - not the assessment - gives you the most accurate starting point. Buyers are doing their homework, and an overpriced listing in a softening stretch just sits.

For condo sellers, the timing looks a bit better. Values are up 2.02% recently and the growth trend is positive. You also have the advantage of holding one of the highest-assessed condo types in Prince George. That is a real selling point worth putting in front of buyers.

One more thing worth knowing - compare us to the neighbours. Downtown HD Prices for houses are at $703,723 and condos are at $1,265,821. South Fort George houses sit at $340,470. Millar Addition sits in a middle ground that offers more affordability than Downtown while still carrying solid rental yields. For a buyer who wants to be in Prince George without paying Downtown prices, that is a genuine draw - and it is a story worth telling when you list.

Bottom line: check your HonestDoor Price today. Do not wait for next year's assessment to tell you what your home is worth right now.

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.