Mount Pleasant, Burnaby - July 2026 Real Estate Report

Mount Pleasant, Vancouver: Your Neighbour Just Asked If Now Is a Good Time to Sell. Here Is the Real Answer.

The Vibe Right Now

If you have been watching the "For Sale" signs in Mount Pleasant, Vancouver, here is what is actually happening. The market is not crashing. It is not on fire either. It is taking a breather - and depending on whether you own a house or a condo, that breather looks pretty different.

Houses: Still Expensive, But Momentum Is Softening

Let us start with the good news. Houses in Mount Pleasant are still trading at serious money. The average sale price sits at $1,775,000, with a price per square foot of $1,942. That is not a neighbourhood in trouble.

But here is the honest part. The HonestDoor predicted market value is $1,759,970 - and that number is drifting slightly downward from the 3-month moving average of $1,772,716. We are talking a -0.24% recent change. Small, yes. But the direction matters.

• Average Sale Price: $1,775,000
• Price Per Square Foot: $1,942
• HonestDoor Predicted Value: $1,759,970
• 3-Month Moving Average: $1,772,716
• Recent Value Change: -0.24%
• Estimated Monthly Rent: $6,171
• Rental Yield: 3.93%
• Neighbourhood Growth Rank: 12 out of 23 in Vancouver (below average)
• Neighbourhood Price Rank: 9 out of 22 in Vancouver (above average)

On the neighbourhood leaderboard, we sit at 12th out of 23 for growth. That puts us in the bottom half of Vancouver neighbourhoods right now. For context, nearby Riley Park is predicted at $1,938,288 - about $178,000 higher. We are priced well, but we are not leading the pack on momentum.

The rental story is decent. At $6,171 per month estimated rent and a 3.93% yield, a house here still makes sense as an income property. That is a real number for investors doing the math.

Condos: A Split Personality Market

This is where it gets interesting. The one condo that sold this month moved at $360,000 - which is a low sale price for this neighbourhood. But the HonestDoor predicted value for condos here tells a very different story at $1,307,871.

That gap between a single sale price and the predicted value is exactly why you should not rely on one transaction to judge your own unit's worth.

• Average Sale Price (recent transaction): $360,000
• Price Per Square Foot: $617
• HonestDoor Predicted Value: $1,307,871
• 3-Month Moving Average: $1,305,098
• Recent Value Change: +0.69%
• Estimated Monthly Rent: $4,644
• Rental Yield: 3.07%
• Neighbourhood Growth Rank: 20 out of 22 in Vancouver (bottom performers)
• Neighbourhood Price Rank: 15 out of 22 in Vancouver (below average)

The predicted value is actually ticking up - +0.69% recently, and the 3-month average is rising too. That is a small green flag. But the growth rank of 20 out of 22 is hard to ignore. Condo owners in Mount Pleasant are sitting in the bottom tier of Vancouver neighbourhoods for price momentum right now. Nearby Strathcona condos are predicted at $1,371,479 - about $64,000 ahead of us.

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

Here is the thing about your BC Assessment notice. That number is calculated using data that is already months old by the time it lands in your mailbox. It is a snapshot of the past, not a read on what a buyer would pay you today.

The HonestDoor Price is updated in real time. It pulls in current sales, current market shifts, and current neighbourhood trends. For house owners in Mount Pleasant, that means knowing your predicted value is $1,759,970 right now - not what the city guessed it was worth last July.

For condo owners, the gap is even more important. If your tax assessment does not reflect the current predicted value range around $1,307,871, you could be making decisions - whether to sell, refinance, or rent - based on a number that is simply out of date.

Check your HonestDoor Price. It is the real-world check that your assessment was never designed to be.

The So What - Thinking About Selling This Summer?

If you own a house in Mount Pleasant and you are thinking about listing this summer, the window is open but it is not getting wider. Values are slightly off their 3-month peak. Buyers are still paying $1,775,000 on average. But with growth ranked 12th out of 23 neighbourhoods, we are not in a position where waiting six months is likely to reward you with a big jump.

If you own a condo, the picture is more cautious. Growth is ranked near the bottom of Vancouver right now. The predicted value is nudging up slightly, which is encouraging - but the neighbourhood is not outrunning the competition. If your plan is to sell in the next year, this summer is worth a serious conversation with your agent.

Either way, start with your HonestDoor Price. Know your real number before you make any 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.