Mount Pleasant, Vancouver - September 2026 Real Estate Report

Mount Pleasant, Vancouver: Your Home Is Worth More Than The City Thinks

If you've been glancing at your property tax notice and wondering if it actually reflects what your place is worth - it doesn't. Not even close. Here's the real picture for Mount Pleasant right now.

The Vibe: What's Actually Happening on Our Streets

Mount Pleasant is holding its ground. The market isn't on fire, but it isn't falling apart either. We're sitting in a steady, well-established neighbourhood with real value - and the numbers back that up.

The city assessed 2,511 properties here this year. That's a lot of homes, and a lot of neighbours who might be leaving money on the table by trusting a government number that gets updated once a year.

Houses: Solid Ground, But Watch the Leaderboard

If you own a house in Mount Pleasant, here's your snapshot:

• Average assessed value: $1,676,075
• Average HonestDoor Price: $1,751,109
• Average sale price (2026): $1,420,000
• Price per square foot: $1,738
• Predicted market value: $1,754,433
• 3-month moving average: $1,752,831 - and our predicted value is trending above it
• Estimated monthly rent: $6,143
• Rental yield: 3.94%
• Recent value change: up 0.59%
• Growth rank: 15 out of 23 Vancouver neighbourhoods
• Price rank: 16 out of 22 Vancouver neighbourhoods

Honest take? We're sitting below average on the neighbourhood leaderboard for both growth and price rank. That's not a crisis - it just means Mount Pleasant houses aren't leading the pack right now. Riley Park next door is clocking predicted values around $1,920,911, which is a gap worth knowing about if you're thinking of making a move.

One house sold in 2026 so far. Low volume means each sale carries a lot of weight. If you're a seller, that cuts both ways - less competition, but also less data to anchor your price.

Condos: A Bigger Gap Between Assessment and Reality

Condo owners in Mount Pleasant, pay attention. This is where the numbers get interesting for us.

• Average assessed value: $810,611
• Average HonestDoor Price: $1,303,591
• That gap: 60.82% higher than the city's assessed value
• Average sale price (2026): $956,250 - up 32.2% from last month
• Price per square foot: $1,115
• Predicted market value: $1,293,021
• 3-month moving average: $1,300,283 - predicted value is dipping slightly below it
• Estimated monthly rent: $4,622
• Rental yield: 3.08%
• Recent value change: -0.53%
• Growth rank: 16 out of 22 Vancouver neighbourhoods
• Price rank: 11 out of 22 Vancouver neighbourhoods - above average
• Total transaction rank in Vancouver: 2nd - we are one of the busiest condo markets in the city

That 60.82% gap between assessed and HonestDoor Price is the headline here. The city says your condo is worth $810,611. The real world says closer to $1.3 million. If you're making any financial decision based on that assessment number - refinancing, selling, even just knowing your net worth - you're working with stale data.

Condo values are down 0.53% recently and the predicted value is slipping below the 3-month average. The market is taking a breather. But with 40 transactions already in 2026 and a top-2 ranking for condo sales volume across Vancouver, there is clearly still real demand here.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about government assessments - they're a snapshot from last July. A lot has happened since then. The HonestDoor Price updates in real time, pulling from actual sales, market shifts, and current conditions in our neighbourhood.

For houses, the HonestDoor Price is $1,751,109 - that's $75,034 more than what the city assessed. For condos, the gap is even wider. If you're a condo owner and you've been mentally anchoring your home's value to that assessment notice, you could be underestimating your equity by hundreds of thousands of dollars.

That matters when you're talking to a mortgage broker, an estate lawyer, or a real estate agent. Use the number that reflects today, not last summer.

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

If you're a house owner weighing a summer sale, here's the straight talk. Demand is quiet - one sale so far in 2026 - and our growth rank of 15 out of 23 puts us in the middle of the pack. But your predicted value of $1,754,433 is nudging above the 3-month average, which is a small but real positive signal. Price it right and you won't be sitting on the market long.

If you own a condo and you're thinking about listing, the volume is on your side. We rank 2nd in Vancouver for condo transactions. Buyers are active here. The recent dip of -0.53% is worth watching, but it's not a reason to panic - it's a reason to price sharp and move before the fall slowdown.

Either way, the first step is knowing what you actually have. Check your HonestDoor Price before you call an agent, set a number, or make any decision. It's the real-world check your tax assessment was never designed to be.

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.