Queensborough, New Westminster - July 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 BC Assessment notice feeling pretty good about yourself, hold on. The real numbers tell a slightly different story - and knowing the difference could matter a lot if you're thinking about making a move this summer.

The Vibe: What's Actually Happening With Houses and Condos

Let's break it down by property type, because houses and condos are living in two very different realities right now.

Houses

If you've been watching the "For Sale" signs in Queensborough, here's what's actually happening with houses. The market is steady, but it's not setting any records.

• Average sale price: $883,400 - essentially flat from last month
• Price per square foot: $616
• Properties sold in 2026: 5 - holding steady
• HonestDoor predicted value: $1,297,670
• 3-month moving average: $1,292,853 - values are nudging upward
• Estimated monthly rent: $4,989
• Rental yield: 4.34%
• Recent value change: up 1.26%
• Growth rank: 8 out of 15 neighbourhoods in New Westminster - right in the middle of the pack
• Price rank: 13 out of 14 - we're one of the more affordable house markets in the city

We're not leading the leaderboard on growth - sitting at 8th out of 15 puts us in below-average territory for New Westminster. But being 13th out of 14 on price means Queensborough houses are still a relative deal compared to most of the city. That's actually a useful combination if you're a buyer. If you're a seller, it means you need to price smart, not optimistically.

Compare us to the neighbours: Connaught Heights houses are averaging an HonestDoor Price of $1,470,258 and growing slower at -0.03%. North Arm South sits at $1,130,024 with a -0.02% growth rate. We're more affordable than both, and our growth, while modest, is holding up better than either of them.

Condos

The condo picture in Queensborough is a bit more interesting - and a little more cautious.

• Average sale price: $665,000 - flat from last month
• Price per square foot: $544
• Properties sold in 2026: 1
• HonestDoor predicted value: $796,086
• 3-month moving average: $813,947 - values are drifting down slightly
• Estimated monthly rent: $3,523
• Rental yield: 3.40%
• Recent value change: 0.69%
• Growth rank: 4 out of 15 - above average in New Westminster
• Price rank: 1 out of 12 - the most expensive condo market in New Westminster

Here's the interesting tension with condos. We rank 4th out of 15 for growth - that's a solid above-average position on the neighbourhood leaderboard. But we're also the priciest condo market in New Westminster at rank 1 out of 12. The HonestDoor predicted value of $796,086 is sitting above nearby North Arm North ($677,660) and North Arm South ($688,907), which confirms Queensborough condos carry a real premium. The catch is that the predicted value is now trending below the 3-month moving average of $813,947. The market is taking a breather. One sale in 2026 is a thin data set, so read that with some caution.

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

Here's the thing about BC Assessment. It's a snapshot taken months ago, based on data that's even older. It doesn't know what happened on your street last Tuesday. It doesn't adjust for the rate changes that shifted buyer behaviour this spring. It's a government estimate built for tax purposes - not for making a real financial decision about your home.

For houses in Queensborough, the average assessed value sits at $1,305,820. The average HonestDoor Price is $1,282,624 - that's 1.78% lower than what the assessment says, and it's down another 1.16% from the previous period. That gap is your reality check. If you're pricing a listing based on your assessment, you may be starting the conversation in the wrong place.

The HonestDoor Price updates in real time using actual transaction data and current market signals. Think of it as what a well-informed buyer would actually pay today - not what a government formula calculated last July. For Queensborough homeowners, checking your HonestDoor Price right now isn't just a curiosity. It's the most honest number you have.

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

If selling is on your radar for summer 2026, here's the straight talk.

For house sellers, the fundamentals are decent. Values are inching up past the 3-month moving average, rental demand is strong at nearly $5,000 a month, and Queensborough had the highest total transaction rank in New Westminster - ranked 1st. Buyers are active here. But with a price rank of 13 out of 14, you're competing in an affordable segment where buyers have options. Sharp pricing beats wishful pricing every time.

For condo sellers, move with a bit more awareness. The predicted value is sliding below the recent moving average, and with only one transaction recorded in 2026, the market is thin. Thin markets can work in your favour if you're the only good listing - but they can also mean longer days on market if you're priced above where buyers are willing to go. Your HonestDoor Price of $781,468 is down 1.84% from the previous period. That's not a crisis, but it's a signal worth respecting.

Bottom line for everyone in Queensborough: pull your HonestDoor Price before you call an agent, before you set a number in your head, and definitely before you assume your assessment reflects what someone will actually write a cheque for. The market is moving - and right now, being informed is the only real advantage you have.

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.