Mount Pleasant, Vancouver - October 2026 Real Estate Report
Mount Pleasant, Vancouver: Your Neighbour Isn't Telling You This About Home Prices
If you own property in Mount Pleasant and you're still looking at your city assessment to know what your place is worth, you're working with old information. Here's what's actually happening on the ground right now.
The Vibe: What's Going On With Houses and Condos
Mount Pleasant is a split story right now, and it depends a lot on what type of property we're talking about.
Houses
For those of us with detached homes, the market is holding steady but not charging ahead. The average sale price sits at $1,420,000, essentially flat from last month. Price per square foot is around $1,738, which tells you buyers are still paying a serious premium to be here.
- Average sale price: $1,420,000
- Price per square foot: $1,738
- Properties sold in 2026: 1
- HonestDoor Price: $1,748,726
- Estimated monthly rent: $6,139
- Airbnb estimate: $305 per night
- Neighbourhood growth: -0.04% year over year
- Growth rank: 12 out of 23 Vancouver neighbourhoods
- Price rank: 15 out of 22 Vancouver neighbourhoods
The honest read here? House values are taking a breather. The predicted market value of $1,748,720 is dipping slightly below the 3-month moving average of $1,749,081. That's not a crash - it's a nudge. But it's worth paying attention to, especially if you're thinking about timing a sale.
On the neighbourhood leaderboard, houses in Mount Pleasant rank 12 out of 23 for growth. That puts us squarely in the middle of the pack. Riley Park next door is running hotter at $1,931,775 predicted value, and Fairview is cheaper but also growing faster. We're not leading the race right now, but we're not falling behind either.
Condos
The condo side of Mount Pleasant is a more complicated picture. The average sale price dropped to $676,000 this month, which is down 33.6% from last month. Before that number sends anyone into a panic - there was only 1 condo sale recorded, so one transaction can swing the average hard. Take that month-over-month drop with a grain of salt.
- Average sale price: $676,000
- Price per square foot: $1,123
- Properties sold in 2026: 40
- HonestDoor Price: $1,303,591
- Estimated monthly rent: $4,622
- Airbnb estimate: $230 per night
- Neighbourhood growth: -0.04% year over year
- Growth rank: 17 out of 22 Vancouver neighbourhoods
- Price rank: 11 out of 22 Vancouver neighbourhoods
Condo values have shifted -0.87% recently, and the predicted market value of $1,281,748 is running below the 3-month moving average of $1,291,575. The market is cooling here. On the neighbourhood leaderboard, condos rank 17 out of 22 for growth - that's below average for Vancouver. The one bright spot is price rank: 11 out of 22, which means we're still above average in terms of what condos are actually worth here. Renters are paying $4,622 a month on average, giving condo owners a rental yield of 3.09%.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing most homeowners don't realize. The city's assessed value for a house in Mount Pleasant averages $1,676,075. That number is calculated once a year, using data that's already months old by the time it lands in your mailbox.
The HonestDoor Price for houses is $1,748,726 - that's $72,651 higher than what the city says your home is worth. It's a real-time estimate that moves with the market, not a snapshot frozen in time. For condos, the gap is even more striking. The average city assessment is $810,611, but the HonestDoor Price is $1,303,591 - that's 60.82% higher than the assessed value.
If you're a condo owner in Mount Pleasant and you're basing any financial decision on your tax assessment, you're leaving a massive amount of equity on the table in your own thinking. The HonestDoor Price is the real-world check that shows you what buyers are actually willing to pay today, not what a government formula calculated last July.
The So What: Should You Sell in Mount Pleasant This Summer?
If you're a house owner thinking about listing this summer, the window is open but it's not wide open. Values are dipping slightly month over month, and growth ranks in the middle of the Vancouver pack. That said, a predicted value of $1,748,726 is still a strong number, and with only 1 house transaction recorded so far in 2026, serious buyers don't have a lot of options to choose from. Low supply can work in your favour.
If you own a condo, the calculus is a bit different. Growth is ranked below average, values are softening, and the market is quieter than it was. That doesn't mean don't sell - it means price it right from day one. Buyers in this segment are paying attention, and an overpriced listing will sit.
Either way, the first step is knowing your actual number. Check your HonestDoor Price before you call an agent, before you renovate, and before you assume your tax assessment tells the whole story. In Mount Pleasant right now, it definitely doesn't.
mount pleasant | vancouver | 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.