Mount Pleasant, Vancouver - August 2026 Real Estate Report

Mount Pleasant Real Estate: What Your Neighbour Hasn't Told You Yet

If you own a home or condo in Mount Pleasant and you're still looking at your city assessment to figure out what your place is worth, stop. That number is already old. Here's what's actually happening on the ground right now.

The Vibe: Where Mount Pleasant Sits Today

Mount Pleasant is holding its own in a market that's clearly taking a breather. Neighbourhood growth is down 0.04% year over year, and values have dipped slightly in the short term. But "slightly" is the key word here. This isn't a freefall - it's a slow exhale after years of pressure. With 2,511 houses and 10,921 condos assessed this year, we're talking about a big, established neighbourhood with serious weight behind it.

Houses: Solid Ground, But Watch the Trend

If you've been watching the "For Sale" signs on the house side of Mount Pleasant, here's the honest picture:

• Average sale price: $1,420,000
• Price per square foot: $1,738
• HonestDoor predicted value: $1,744,091
• 3-month moving average: $1,756,101 (the predicted value is trending below this - worth watching)
• Estimated monthly rent: $6,124
• Rental yield: 3.95%
• Recent value change: -0.90%
• Growth rank: 18 out of 23 neighbourhoods in Vancouver
• Price rank: 13 out of 22 neighbourhoods in Vancouver

That growth rank of 18 out of 23 puts us in the lower tier of the Vancouver neighbourhood leaderboard right now. We're not at the bottom, but we're not leading the pack either. For context, nearby Riley Park is pulling a predicted value of $1,929,033 - that's a significant gap. Strathcona, on the other hand, is actually seeing houses sell at $1,567,500 on average, which is higher than our $1,420,000 average sale price. That's a number worth sitting with if you're a house owner here.

Condos: A Tale of Two Numbers

The condo story in Mount Pleasant is where things get really interesting - and a little confusing if you're only looking at one number.

• Average sale price: $447,000 (down 37.5% from last month - based on very low transaction volume, so take this with a grain of salt)
• Price per square foot: $649
• HonestDoor predicted value: $1,299,957
• 3-month moving average: $1,302,237
• Estimated monthly rent: $4,615
• Rental yield: 3.08%
• Airbnb estimate: $230 per night
• Recent value change: -0.61%
• Growth rank: 11 out of 22 neighbourhoods in Vancouver - above average
• Price rank: 15 out of 22 neighbourhoods in Vancouver

On the neighbourhood leaderboard, our condos rank 11 out of 22 for growth - that puts us in the top half of Vancouver. That's a better position than our houses right now. The condo market here also ranks 2nd in all of Vancouver for total transaction volume, with 40 deals done in 2026 already. That's real activity. People are buying and selling condos in Mount Pleasant - this isn't a ghost town.

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

Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened on your street last month. It doesn't adjust for the fact that the market has shifted since that number was locked in.

For houses in Mount Pleasant, the average city assessment sits at $1,676,075. The average HonestDoor Price is $1,756,822 - that's 4.82% higher. That gap represents real money. For condos, the difference is even more dramatic. The average assessed value is $810,611, while the HonestDoor Price is $1,303,591 - a full 60.82% higher. If you're making any financial decision based on the assessed value of your condo, you are working with a number that is wildly out of step with reality.

The HonestDoor Price updates in real time using actual market data. It's the real-world check your assessment will never be. Check yours before you do anything else.

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

Here's the straight talk for anyone considering a move this summer in Mount Pleasant:

• Values are dipping slightly right now, not crashing. A -0.90% change on houses and -0.61% on condos is a nudge, not a shove.
• Transaction volume is low on the house side - only 1 sale recorded in 2026 so far. Low volume means less data to price against, which cuts both ways.
• Condo activity is much stronger - 40 transactions puts Mount Pleasant at rank 2 in Vancouver for condo deals. If you own a condo and want to sell, there's a real market here.
• Your competition is real. Riley Park houses are predicted at $1,929,033. Fairview condos are cheaper at $1,650,418. Buyers comparison-shop neighbourhoods, and you need to know where you sit.
• Rental demand is strong. At $6,124 per month for houses and $4,615 for condos, Mount Pleasant is a legitimate income property neighbourhood. That's a selling point if your buyer is an investor.

Bottom line: if you're selling a condo this summer, the market is moving and the timing isn't terrible. If you're selling a house, price it sharp - the gap between assessed value and HonestDoor Price is your friend, but a slow-moving market means buyers will negotiate. Know your real number before you list. That starts with your HonestDoor Price.

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.