Municipal Forest, Mission - October 2026 Real Estate Report
Municipal Forest, Mission: Your Neighbours Are Sitting on More Than They Think
If you own a house in Municipal Forest and you have not looked at your HonestDoor Price lately, you are probably underestimating what your place is actually worth. The city's assessment is one number. The real world is another. Right now, those two numbers are not close.
The Vibe: What Is Happening With Houses
We are in solid territory here. The average HonestDoor Price for a house in Municipal Forest sits at $1,631,524 - that is 8.32% higher than the average assessed value of $1,506,232. The city's number is already stale by the time it lands in your mailbox. The HonestDoor Price is the real-world check that updates in real time.
The predicted market value for houses is pushing even further, at $1,682,360, and that number is trending up from the 3-month moving average of $1,663,539. Price per square foot is around $869. One home sold recently at $1,490,000, which holds steady from the month before.
- Average HonestDoor Price (Houses): $1,631,524
- Average Assessed Value: $1,506,232
- Gap Between Assessment and HD Price: 8.32% higher
- Predicted Market Value: $1,682,360
- Price Per Square Foot: $869
- Average Rental Estimate: $5,817 per month
- Airbnb Estimate: $289 per night
- Rental Yield: 3.98%
On the neighbourhood leaderboard, Municipal Forest ranks 1 out of 12 in Mission for growth rate among comparable neighbourhoods. That is the top spot. Price rank sits at 4 out of 10, which puts us above average for the city. We are not just holding our own - we are leading the pack on momentum.
The Vibe: What Is Happening With Condos
The condo picture is a bit more honest about where things stand. The average HonestDoor Price for condos is $394,520, up a modest 0.17% from last period. But the predicted market value has dipped slightly to $393,840, which is below the 3-month moving average of $397,267. Values have shifted by -1.87% recently, and the growth rank for condos sits at 7 out of 9 in Mission. That is below average, and it is worth knowing before you price.
- Average HonestDoor Price (Condos): $394,520
- Predicted Market Value: $393,840
- 3-Month Moving Average: $397,267
- Recent Value Change: -1.87%
- Growth Rank in Mission: 7 out of 9
- Average Rental Estimate: $2,066 per month
- Airbnb Estimate: $102 per night
- Rental Yield: 4.04%
Compared to nearby areas, we sit between Stave Falls ($395,200) and Steel Head ($389,150) for predicted condo value. Not the cheapest, not the priciest. Middle of the pack right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here is the thing about government assessments - they are a snapshot from months ago, built on data that is already old. If you are a house owner in Municipal Forest, your assessment says $1,506,232. Your HonestDoor Price says $1,631,524. That is a gap of roughly $125,000. That gap is not a rounding error. That is real money that a buyer would actually pay today.
The HonestDoor Price pulls from current market activity and updates continuously. It is not waiting for the city to catch up. If you are making any decision about your property - selling, refinancing, or just figuring out where you stand - the HonestDoor Price is the number to start with, not the assessment notice.
The So What: Thinking About Selling This Summer?
For house owners, the timing is genuinely interesting. Municipal Forest holds the top growth rank in Mission right now. Predicted values are climbing past the 3-month average. Rental demand is strong at $5,817 per month, and Airbnb potential at $289 per night ranks 4th in the city. Buyers looking at this neighbourhood are not just buying a home - they are buying income potential.
If you are thinking about listing this summer, the gap between your assessed value and your HonestDoor Price is your opening argument. You do not have to accept what the city says your home is worth. The market is saying something different - and right now, it is saying more.
For condo owners, a bit more patience may be warranted. Values are softening slightly and the growth rank is not doing us any favours at 7 out of 9. That does not mean it is a bad time to sell - it means pricing it right from day one matters more than ever. Check your HonestDoor Price, compare it to Steel Head and Stave Falls nearby, and go in with clear eyes.
Bottom line: Municipal Forest is a strong house market with real upside right now. The numbers back it up. Do not let an outdated assessment be the last word on what your place is worth.
municipal forest | mission | 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.