Queensborough, New Westminster - October 2026 Real Estate Report
Queensborough Real Estate Check-In: Your Home Is Worth More Than the City Thinks - Or Is It?
If you live in Queensborough and you have not looked at your HonestDoor Price lately, now is the time. The city's assessment says one thing. The actual market is saying something a little different. Here is what is really going on in our corner of New Westminster.
The Vibe: What Is Actually Happening in Queensborough Right Now
The short version? Queensborough is holding steady, but it is not a runaway market. Neighbourhood growth is essentially flat - down just 0.01% year over year. That is not a crash. It is a market taking a breather. With 1,899 properties assessed and 11 total transactions recorded in 2026, we are a well-established neighbourhood that does not see a ton of turnover. That low transaction count actually keeps things competitive when a good property does hit the market.
Houses: Solid Ground, But Watch the Gap
If you own a house in Queensborough, here is the honest picture. The average assessed value sits at $1,305,911. But the HonestDoor Price - which reflects real-world market movement - comes in at $1,272,881. That is a 2.53% gap below the city's number. It is a small but real difference, and it matters when you are pricing a listing or negotiating a purchase.
- Average HonestDoor Price: $1,272,881 (up 0.74% from last period)
- Average assessed value: $1,305,911
- Average sale price in 2026: $1,505,000
- Price per square foot: $615
- Predicted market value: $1,263,504
- 3-month moving average: $1,270,939 (values are drifting slightly lower)
- Estimated monthly rent: $4,898
- Rental yield: 4.39%
- Properties sold in 2026: 1
On the neighbourhood leaderboard, Queensborough houses rank 6 out of 14 for growth in New Westminster - right in the middle of the pack, which puts us in the above-average tier. For price, we rank 5 out of 14, meaning we are one of the pricier house markets in the city. Compare that to nearby North Arm South at an HD Price of $1,121,799 and Connaught Heights at $1,476,407, and Queensborough sits comfortably in the middle - not the cheapest option, not the most expensive.
Condos: The Most Expensive in New Westminster - With a Catch
Here is where things get interesting for condo owners. Queensborough condos rank 1 out of 13 for price in New Westminster. We are the most expensive condo market in the city by this measure. But on the growth leaderboard, we rank 12 out of 15. That combination - high price, slow growth - is worth paying attention to if you are thinking about selling.
- Average HonestDoor Price: $746,282 (down 3.41% from last period)
- Average sale price in 2026: $675,000
- Price per square foot: $589
- Predicted market value: $772,643
- 3-month moving average: $776,697 (also drifting lower)
- Estimated monthly rent: $3,446
- Rental yield: 3.43%
- Airbnb estimate: $167 per night
- Properties sold in 2026: 1
For context, nearby North Arm South condos are selling around $544,950 and North Arm North around $650,000. Queensborough condos are commanding a premium over both. But with values down 3.41% and growth ranking near the bottom of the city, that premium needs to be defended with a smart listing strategy - not just a hopeful asking price.
The Secret Sauce: Why Your HonestDoor Price Beats Waiting for the Next Assessment
The city's assessed value is a snapshot from last year. It does not know what happened on your street last month. The HonestDoor Price updates in real time, pulling from actual transaction data and market signals. For Queensborough houses, the city says $1,305,911. The HonestDoor Price says $1,272,881. That $33,000 gap is not a rounding error - it is the difference between pricing your home right and sitting on the market too long.
For condo owners, the gap runs the other direction. The predicted market value of $772,643 is actually higher than the average sale price of $675,000. That tells you there is still room to negotiate well - but only if you know the real numbers going in. Waiting for the next annual assessment means making decisions on data that is already 12 to 18 months old. That is not a strategy. That is a gamble.
The So What - Should You Sell in Queensborough This Summer?
Here is the straight talk. If you own a house and you are thinking about selling, the timing is not bad - but it is not a slam dunk either. Values are nudging slightly lower against the 3-month average, and growth is flat. The good news is that transaction volume is low, which means less competition when you list. With only 1 house sold so far in 2026, a well-priced property stands out.
For condo sellers, the picture requires more care. You are sitting in the most expensive condo market in New Westminster, but growth is ranking near the bottom of the city. Buyers know this. Price it sharp, lean on the rental yield story at 3.43%, and do not anchor to last year's assessment. The HonestDoor Price is your best starting point for a realistic conversation.
Bottom line - Queensborough is a strong, established neighbourhood. It is not on fire, and it is not falling apart. If you are selling this summer, go in with current data, not last year's tax notice. That is the edge.
queensborough | new westminster | october 2026This 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.