Queens Park, North Vancouver - August 2026 Real Estate Report

Queens Park Real Talk: Your Home Is Worth More Than the City Thinks - But the Clock Is Ticking

The Vibe Right Now

If you own in Queens Park, you already know this is one of the priciest addresses in New Westminster. But the numbers right now are telling two very different stories depending on whether you own a house or a condo. Here is what is actually happening on the ground.

Houses: Top of the Price Leaderboard, Bottom of the Growth Chart

Let's be straight with you. Queens Park houses are the most expensive in New Westminster - ranked 1 out of 14 neighbourhoods on price. That is a flex. But on growth? We are sitting at 13 out of 15. That means almost every other neighbourhood in the city is outpacing us right now.

• HonestDoor Price (average): $2,343,440
• HonestDoor Price change: down 1.06% from last period
• Predicted market value: $1,718,607
• 3-month moving average: $1,741,404 (values are drifting lower)
• Recent value change: -3.47%
• Average sale price (recent): $2,735,000
• Price per square foot: $778
• Estimated monthly rent: $6,032
• Rental yield: 3.98%
• Airbnb estimate: $382 per night
• Growth rank: 13 out of 15 in New Westminster

The market is taking a breather on the house side. Values are sliding against their own 3-month average, and the growth rank puts us near the bottom of the neighbourhood leaderboard. That does not mean panic - it means pay attention. The gap between the $2,735,000 recent sale price and the $1,718,607 predicted value is wide, and that kind of spread does not last forever.

Condos: The Quiet Outperformer

Here is the surprise. While houses cool off, Queens Park condos are quietly leading the pack. We are ranked 1 out of 15 neighbourhoods in New Westminster for condo growth right now. That is the top spot.

• HonestDoor Price (average): $1,498,250
• HonestDoor Price change: up 5.75% from last period
• Predicted market value: $1,003,945
• 3-month moving average: $1,005,294
• Recent value change: +0.46%
• Average sale price (recent): $538,500
• Price per square foot: $514
• Estimated monthly rent: $3,833
• Rental yield: 3.37%
• Airbnb estimate: $274 per night
• Growth rank: 1 out of 15 in New Westminster

A 5.75% jump in the HonestDoor Price is real momentum. Condo values here are holding steady against their 3-month average, and sitting at rank 1 for growth means buyers are paying attention to this pocket of the market. If you own a condo in Queens Park, this is your moment.

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

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already 6 to 18 months out of date. The market does not wait for paperwork.

The HonestDoor Price is updated in real time. It pulls from actual sales, current market signals, and live data - not a government formula that gets refreshed once a year. For a house sitting at a $2,343,440 HonestDoor Price in a market that just dropped 1.06%, knowing your real-world number today is not optional. It is the difference between pricing right and leaving money on the table - or worse, sitting unsold.

Think of your BC Assessment as the weather forecast from last week. The HonestDoor Price is what it actually looks like outside right now.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house owners - the window is real but it is not wide open. Values are drifting lower against recent averages, and the growth rank tells us buyers have more options than they did a year ago. If you are serious about selling, pricing sharp from day one matters more than ever. A house that sits gets stigmatized fast in a slow-growth market.

For condo owners - you are in a better spot than you probably realize. Top growth rank in the city, a 5.75% HonestDoor Price increase, and a rental yield of 3.37% means buyers looking at Queens Park condos can justify the purchase multiple ways. That gives you pricing power this summer.

Either way, the first thing to do is pull your HonestDoor Price. Not your assessment. Not a guess from a neighbour. Your actual number, today. That is where the conversation starts.

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.