Queensborough, New Westminster - August 2026 Real Estate Report

Queensborough Real Estate Check-In: Your Neighbour's Assessment Is Lying To You

If you own a home in Queensborough and you've been glancing at your city assessment thinking it tells the full story - it doesn't. The real numbers are moving in a different direction, and you deserve to know exactly where things stand right now.

The Vibe: What's Actually Happening in Queensborough

Let's break it down by property type, because houses and condos are telling two different stories on our streets right now.

Houses

If you've been watching the "For Sale" signs in Queensborough, here's what's actually happening with houses. The average HonestDoor Price sits at $1,266,458 - and it has dipped 1.16% recently, tracking just below the 3-month moving average of $1,287,270. That's the market taking a breather, not falling off a cliff.

• Average HonestDoor Price: $1,266,458
• Predicted Market Value: $1,282,624
• Average Sale Price (2026): $910,500
• Price Per Square Foot: $678
• Properties Sold in 2026: 2
• Estimated Monthly Rent: $4,954
• Rental Yield: 4.35%
• Airbnb Income Potential: $246/night
• Growth Rank: 5 out of 15 neighbourhoods - above average in New Westminster
• Price Rank: 12 out of 14 - among the most affordable houses in New Westminster

That growth rank is worth pausing on. On the neighbourhood leaderboard for houses, Queensborough sits in the top third of New Westminster. We're not leading the pack, but we're holding our ground better than most. Compare that to nearby Connaught Heights, where the HonestDoor Price is higher at $1,444,724 but growth is declining faster at -0.03%. We're the steadier bet right now.

Condos

The condo picture in Queensborough is a different kind of interesting. We hold the top spot - rank 1 out of 13 - for condo prices in New Westminster. That means our condos are the most expensive in the city by this measure. The average HonestDoor Price is $775,979, down 0.70% from last period, and the predicted market value sits at $781,468 against a 3-month moving average of $789,383.

• Average HonestDoor Price: $775,979
• Predicted Market Value: $781,468
• Average Sale Price (2026): $675,000 - up 1.5% from last month
• Price Per Square Foot: $589
• Properties Sold in 2026: 1
• Estimated Monthly Rent: $3,473
• Rental Yield: 3.42%
• Airbnb Income Potential: $172/night
• Growth Rank: 7 out of 15 - above average in New Westminster
• Price Rank: 1 out of 13 - most expensive condos in New Westminster

Nearby North Arm South condos are selling around $704,900 and North Arm North around $630,000. Our condos are commanding a premium over both. The volume is thin - only 1 sale so far in 2026 - so every transaction moves the needle here. Keep that in mind when reading the numbers.

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

Here's the thing most Queensborough homeowners don't realize. The city's average assessed value for houses here is $1,305,820. The average HonestDoor Price is $1,266,458. That's a gap of roughly $39,000 - and the assessment is the higher number. Your city assessment is a snapshot frozen in time. It doesn't know what happened in the market last month. The HonestDoor Price updates in real time using actual sales data, so it reflects what a buyer would actually put on the table today - not what a government formula calculated months ago.

Right now, the HonestDoor Price is running 3.01% below the average assessed value in New Westminster. If you're making any financial decision - refinancing, listing, or just figuring out your net worth - the HonestDoor Price is the number that lives in the real world. The assessment is the number that lives in a filing cabinet.

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

If selling is on your mind, here's the straight talk for Queensborough this summer.

On the house side, we ranked number 1 in New Westminster for total transactions across all property types - 9 deals done in 2026 across 1,900 assessed properties. That's real activity. But with house values dipping slightly and the predicted price sitting just below the 3-month average, pricing sharp from day one matters more than ever. Buyers are paying attention. An overpriced listing will sit.

On the condo side, holding the top price rank in the city is a strong story to tell buyers. The sale price ticked up 1.5% last month, which is a green light. But with only 1 sale recorded so far in 2026, the market is thin. Thin markets can work in a seller's favour if you're the only quality listing - or against you if buyers feel they have time to wait.

Either way, check your HonestDoor Price before you have a single conversation with an agent. Walk into that meeting knowing your real-world number - not the one the city mailed 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.