Norgate, North Vancouver - August 2026 Real Estate Report

Norgate, North Vancouver: Your Home Is Worth More Than the City Thinks

If you own a home in Norgate and you have not checked your HonestDoor Price lately, here is the short version: the city's assessment is already behind. The real-world number is higher, and knowing the difference could matter a lot if you are thinking about making a move this year.

The Vibe Right Now

Norgate is a quiet, established pocket of North Vancouver - not flashy, but solid. We are not seeing a frenzy here, and that is actually fine. Steady beats chaotic every time. Here is where things stand across property types:

Houses

• Average sale price: $1,610,000
• Price per square foot: $940
• HonestDoor predicted market value: $1,548,787
• 3-month moving average: $1,553,805 (values are easing slightly)
• Estimated monthly rent: $5,665
• Rental yield: 3.99%
• Recent price change: -1.14%
• Growth rank: 8 out of 52 neighbourhoods in North Vancouver
• Price rank: 32 out of 47 (below average in price, which means entry is still possible)

That growth rank is the number us Norgate homeowners should be proud of. Sitting at 8 out of 52 puts our houses among the top performers in North Vancouver for growth - even while prices take a small breather. One house sold last month, which keeps things tight on supply. Low inventory with strong growth rank is not a bad combination if you are a seller.

Condos

• HonestDoor predicted market value: $1,823,397
• 3-month moving average: $1,833,648 (also easing slightly)
• Estimated monthly rent: $5,762
• Rental yield: 2.84%
• Recent price change: -1.17%
• Growth rank: 38 out of 48 neighbourhoods in North Vancouver

Condos tell a different story. A growth rank of 38 out of 48 means condo values in Norgate are trailing most of the city right now. If you own a condo here and are weighing your options, the window to act at peak value may be narrowing. Worth a serious look before the summer market settles in.

The Secret Sauce - Why Your HonestDoor Price Beats the Assessment

The city assessed the average Norgate property at $1,509,357. Your HonestDoor Price says $1,565,292. That is a gap of roughly $56,000 - and the HonestDoor number is already 3.71% higher than what the government has on file.

Here is why that matters. Your tax assessment is a snapshot from months ago, built on formulas that do not move with the market in real time. The HonestDoor Price pulls from actual recent sales and live market signals. It has already moved up 1.07% from the previous period. The assessment has not caught up yet - and it probably will not until next year.

If you are using your assessed value to make any financial decision right now - whether that is a refinance conversation, a listing price discussion, or just knowing what you actually own - you are working with an outdated number. The HonestDoor Price is the real-world check.

The So What - Should You Sell This Summer?

Here is the honest take for Norgate homeowners thinking about listing this summer.

• Supply is thin - only 2 transactions recorded in 2026 so far across 508 assessed properties. That is a very small pool of active sellers.
• Low competition means your listing gets more attention, not less.
• House growth ranks 8 out of 52 in North Vancouver - buyers looking at the data will see Norgate as a smart buy, which helps you on price.
• Values have dipped slightly (-1.14% for houses), so the peak may be just behind us. Waiting for a rebound that may not come quickly is a risk.
• Your rental upside is real - $5,708 per month average and a 3.99% yield on houses gives buyers a reason to pay close to your ask.

Compared to neighbours like Pemberton Heights (average HonestDoor Price of $2,454,156) and Lower Capilano Marine ($1,686,226), Norgate is still the more accessible entry point into this part of North Vancouver. That relative affordability is a selling point, not a weakness. Buyers priced out of Pemberton Heights come looking here next.

Bottom line - if you are a Norgate house owner, this summer is a reasonable window. If you own a condo, get a current HonestDoor Price and have an honest conversation about timing before the market makes that decision for you.

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.