Parkway, North Vancouver - July 2026 Real Estate Report

Parkway, North Vancouver: Your House Is Worth More Than the City Thinks

If you have been watching property values in Parkway and wondering whether the city's assessment actually reflects what your home is worth right now - the short answer is no. The longer answer is below.

The Vibe: What Is Actually Happening in Parkway Right Now

Parkway is a split story this season. Houses and condos are moving in different directions, and if you own either one, the details matter for your wallet.

Houses - Taking a Breather

Our house market is in a holding pattern. One sale in 2026 so far, with an average sale price sitting at $1,045,000 and a price per square foot of around $751. Values have nudged up 0.89% recently, and the predicted market value for a Parkway house is sitting at $1,824,745 - up slightly from the 3-month moving average of $1,817,811. That is a slow but steady climb.

• Average HonestDoor Price: $1,790,034
• Recent price change: down 1.90% from last period
• Average sale price: $1,045,000
• Price per sq ft: $751
• Estimated rent: $6,185 per month
• Rental yield: 3.86%
• Airbnb potential: $307 per night
• Growth rank: 30 out of 54 neighbourhoods - below average in North Vancouver
• Price rank: 43 out of 47 - among the most affordable in North Vancouver

On the leaderboard, Parkway houses rank 30 out of 54 comparable neighbourhoods for growth. That puts us in the bottom half right now. For context, nearby Roche Point is pricing out at $2,391,814 on average - significantly above us. Parkgate is slightly cheaper at $1,369,300. We sit in the middle of the pack on price, which actually makes Parkway a realistic entry point for buyers who got priced out of Roche Point.

Condos - The Real Story This Season

This is where Parkway gets interesting. Our condo market is quietly outperforming most of North Vancouver. The HonestDoor Price for condos is up 2.72% from last period, and the predicted market value of $913,454 is well above the 3-month moving average of $872,424. That gap tells us momentum is building, not fading.

• Average HonestDoor Price: $938,303
• Recent price change: up 2.72% from last period
• Average sale price: $837,500
• Price per sq ft: $711
• Estimated rent: $4,060 per month
• Rental yield: 3.02%
• Airbnb potential: $202 per night
• Growth rank: 3 out of 48 neighbourhoods - top performers in North Vancouver
• Price rank: 9 out of 20 - above average in price

On the neighbourhood leaderboard, Parkway condos rank 3rd out of 48 for growth. That is not a typo. We are near the top of the chart. Compared to nearby Parkgate condos at $889,670 and Roche Point at $953,623, we sit right in the sweet spot - stronger growth than Parkgate, slightly more accessible than Roche Point.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the thing about your city assessment. It is a snapshot taken months ago, using data that is even older than that. It does not know what happened in your neighbourhood last quarter. It does not adjust for the condo momentum we are seeing right now.

The HonestDoor Price is updated in real time. For houses in Parkway, it is running $1,790,034 - that is 5.17% above the average assessed value of $1,702,018. For condos, the HonestDoor Price of $938,303 is 5.62% above the average assessed value of $888,335. That gap is not a rounding error. On a condo, that is roughly $50,000 the city is not counting. On a house, it is closer to $88,000.

If you are making any financial decision - refinancing, selling, even just benchmarking your net worth - use the number that reflects today, not last year.

The So What - Thinking About Selling This Summer?

If you own a condo in Parkway, this summer is worth a serious conversation. A 3rd-place growth ranking out of 48 neighbourhoods means buyers are paying attention to this area. The predicted value is climbing above the moving average, which signals upward pressure on prices - not downward. Two condo sales already in 2026 with prices holding near $837,500 on average. The market is not on fire, but it is not sitting still either.

If you own a house, the picture is more patient. Values are stable and the predicted price of $1,824,745 is healthy, but the growth rank of 30 out of 54 says we are not leading the pack right now. A summer listing is still viable - especially given how affordable Parkway houses look next to Roche Point - but pricing it right from day one matters more than ever. Overpricing a house in a below-average growth market is the fastest way to sit on it through the fall.

Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing your real-world number, not the city's outdated one.

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.