If you've been glancing at your property tax assessment and thinking that's what your home is worth, we need to talk. The numbers on the ground in Moody Centre tell a very different story - and for most of us here, it's a story worth knowing before summer hits.
Let's break it down by property type, because houses and condos are moving in different directions right now.
The house market in Moody Centre is taking a breather. One sale last month at an average of $1,150,000, with a price per square foot sitting around $622. The predicted market value for houses is $1,436,300 - but here's the flag: that number is sliding below the 3-month moving average of $1,471,384. Values have dipped 1.04% recently, and on the neighbourhood growth leaderboard, we're sitting at 13 out of 16 in Port Moody. That's bottom-tier territory, and it's worth being honest about it.
The rental story is decent though. At $5,261 a month estimated rent and a 4.33% yield, houses here still hold their own as income properties. And if you're curious about short-term rentals, the Airbnb estimate runs around $261 monthly - not a game-changer, but not nothing either.
Condos are a different conversation. The average sale price came in at $725,000 last month - down 32.8% from the month before. Before anyone panics: one sale does not make a trend. With only one transaction to work from, that swing is more about sample size than a market collapse. What matters more is the predicted market value of $1,319,834, which is actually creeping up past the 3-month moving average of $1,316,672. That's a small but real positive signal.
On the leaderboard, condo prices in Moody Centre rank 2nd out of 8 comparable neighbourhoods in Port Moody. We're above average on price, which matters when you're thinking about what a buyer will pay. The Airbnb ranking of 3rd in Port Moody is also a real asset for condo owners watching the short-term rental space.
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't update when the market shifts, when a new transit line gets announced, or when your neighbour sells for more than anyone expected. It's a static number doing a real-time job, and it's not built for that.
The HonestDoor Price is the real-world check. For houses in Moody Centre, the average HonestDoor Price is $1,557,570 - that's 13.58% higher than the average assessed value of $1,371,336. For condo owners, the gap is even more striking: the HonestDoor Price of $1,301,794 sits 87.52% above the average assessed value of $694,214. That is not a rounding error. That is a massive difference between what the government has on file and what the market actually thinks your place is worth.
If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - using the assessed value alone is leaving serious information on the table.
Honest answer: the timing is complicated, but not hopeless.
For house sellers, the market is soft right now. Values are trending down slightly, and we're near the bottom of the Port Moody growth leaderboard. That doesn't mean you can't sell - it means you need to price sharp and not anchor to last year's numbers. The HonestDoor Price of $1,557,570 gives you a current baseline. Work from there, not from your assessment.
For condo sellers, the picture is a bit brighter. Predicted values are ticking up, the price rank is strong at 2nd in Port Moody, and the Airbnb ranking of 3rd signals real demand for this location. If your unit is well-positioned, summer could work in your favour.
Either way, the move right now is to check your HonestDoor Price before you do anything else. It updates in real time. Your assessment does not. That gap - whether it's 13% for a house or 87% for a condo - is the difference between guessing and knowing.
Moody Centre is a neighbourhood worth watching. The numbers are mixed, but the fundamentals - location, rental demand, Airbnb potential - are still working for us. Just go in with eyes open and the right data in hand.
moody centre | port moody | september 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.