Parkway, North Vancouver - August 2026 Real Estate Report

Parkway, North Vancouver: Your Home Is Worth More Than The City Thinks

If you have been watching the "For Sale" signs in Parkway and wondering what is actually going on with prices, here is the straight answer. The city's assessment number is already out of date. The real-world number is higher - and for most of us here, that gap matters.

The Vibe: Houses vs. Condos in Parkway Right Now

We are seeing two different stories play out depending on what you own. Here is how they break down.

Houses

If you own a house in Parkway, the market is taking a breather. Values have dipped about 1.90% recently, and the predicted market value of $1,790,034 is trending down slightly from the 3-month moving average of $1,807,826. That is not a crash - it is a pause. Only 1 house sold in 2026 so far, which makes it hard to read too much into any single number.

• Average HonestDoor Price: $1,764,159
• Average Assessed Value: $1,702,018
• HonestDoor Price is 3.65% above the city assessment
• Average Sale Price: $1,045,000
• Price Per Square Foot: $751
• Estimated Monthly Rent: $6,142
• Rental Yield: 3.90%
• Growth Rank: 19 out of 52 neighbourhoods - above average in North Vancouver
• Price Rank: 45 out of 47 - among the most affordable houses in North Vancouver

That price rank is worth sitting with. Parkway houses are priced well below most of North Vancouver, yet we are still ranking above average for growth. That combination - affordable entry point plus solid growth standing - is exactly what buyers are hunting for right now.

Condos

The condo side of Parkway is telling a better story. Values are actually moving up, with the predicted market value at $938,303 - climbing above the 3-month moving average of $906,687. A 2.72% recent gain puts us at rank 18 out of 48 comparable neighbourhoods. That is a genuinely strong position.

• Average HonestDoor Price: $921,088
• Average Assessed Value: $888,335
• HonestDoor Price is 3.69% above the city assessment
• Average Sale Price: $837,500
• Price Per Square Foot: $711
• Estimated Monthly Rent: $4,010
• Rental Yield: 2.98%
• 4 condo transactions in 2026 so far
• Growth Rank: 18 out of 48 - above average in North Vancouver
• Price Rank: 9 out of 21 - above average in price in North Vancouver

Compared to neighbours, Parkway condos sit above Parkgate ($885,980) and below Roche Point ($969,856). We are in the middle of the pack on price, but punching above average on growth. That is a decent place to be.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about your city assessment. It is a snapshot from months ago, built on a formula that does not know what your kitchen renovation looks like or what sold two streets over last week. It is a tax tool, not a selling tool.

The HonestDoor Price is updated in real time using actual market activity. Right now, for Parkway houses, that number is $1,764,159 - a full $62,141 above the average city assessment. For condos, the gap is $32,753. That is not a rounding error. That is real money sitting between what the city thinks your home is worth and what the market actually says.

If you are making any decision about your property - selling, refinancing, or just keeping score - the HonestDoor Price is your real-world check. The assessment is what the government uses. The HonestDoor Price is what buyers are actually paying attention to.

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

For house owners, the honest answer is that timing matters right now. Values have slipped about 1.90% recently and the trend line is pointing slightly down. That does not mean panic - Parkway still ranks above average for growth across North Vancouver. But if you were already thinking about listing this summer, sooner is probably smarter than later while the HonestDoor Price is still sitting above $1.76 million.

For condo owners, the picture is more encouraging. Values are climbing, the growth rank is strong, and at $4,010 in estimated monthly rent, you have real leverage whether you sell or hold. A summer listing here has some wind behind it.

Either way, the first move is simple. Check your HonestDoor Price before you call an agent, set a list price, or assume the city's number is close enough. In Parkway right now, the gap between assessed and actual is thousands of dollars. That is your money. Know the real number first.

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.