Queensborough, New Westminster - September 2026 Real Estate Report

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

If you own a home in Queensborough and you've been feeling good about that government assessment sitting in your mailbox, it's time for a reality check. The numbers on the ground tell a different story - and knowing the difference could save you from a costly mistake this summer.

The Vibe: What's Actually Happening in Queensborough Right Now

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

Houses

If you've been watching the "For Sale" signs in Queensborough, here's what's actually happening with houses. The average sale price is sitting at $899,900, with a price per square foot of around $581. Only 1 house sold recently, which tells us the market isn't exactly buzzing with activity right now - it's taking a breather.

• Average HonestDoor Price: $1,263,397
• 3-month moving average: $1,282,251 (values are drifting down slightly)
• Estimated monthly rent: $4,909
• Rental yield: 4.38%
• Recent value change: -1.26%
• Growth rank: 8 out of 15 neighbourhoods in New Westminster - right in the middle of the pack
• Price rank: 12 out of 14 - we're among the more affordable house markets in the city

That affordability ranking is actually a quiet opportunity. We're cheaper than Connaught Heights (HonestDoor Price $1,450,499) and holding our own against North Arm South ($1,094,694). For buyers priced out of those neighbourhoods, Queensborough houses are still a real option.

Condos

The condo picture is a bit more nuanced. We're the most expensive condo market in New Westminster - ranked 1 out of 13 neighbourhoods on price - but growth is a different story. We rank 14 out of 15 on growth, which puts us near the bottom of the leaderboard on momentum.

• Average HonestDoor Price: $772,643 (down 0.43% from last period)
• Average sale price: $675,000 at roughly $589 per square foot
• 3-month moving average: $784,511 (also trending down)
• Estimated monthly rent: $3,461
• Rental yield: 3.42%
• Recent value change: -0.70%
• Growth rank: 14 out of 15 in New Westminster - bottom of the pack
• Price rank: 1 out of 13 - the most expensive condos in the city

Being the priciest condo neighbourhood while also being one of the slowest-growing is a combination worth paying attention to. Nearby condos in North Arm South are going for $544,950 and North Arm North at $595,000. Queensborough condo owners are sitting on a premium - but that gap could narrow if momentum doesn't pick up.

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

Here's the thing about that government assessment. The average assessed value for a Queensborough house is $1,305,820. But the average HonestDoor Price is $1,263,397 - that's 3.25% lower, and it's updated in real time. The assessment is a snapshot from months ago. The HonestDoor Price is what the market is actually doing today.

That $42,000 gap isn't just a number. If you're pricing a listing based on your assessment, you could be walking into negotiations already out of touch with buyers. The HonestDoor Price is the real-world check - it pulls from actual transaction data and current market signals, not a bureaucratic formula that gets updated once a year.

With 1,900 properties assessed in Queensborough and values already drifting down from the 3-month moving average, waiting for the next official assessment to understand your home's value is like checking last season's weather forecast before heading out the door.

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

Queensborough had 10 property transactions in 2026 total - and we rank number 1 in New Westminster for total transactions. That's a real signal. More deals are getting done here than anywhere else in the city, which means there's genuine buyer interest in this neighbourhood.

But here's the honest take for anyone thinking about listing this summer. Values are drifting down, not crashing - but the direction matters. The HonestDoor Price for houses is already below the assessed value, and the 3-month moving average is higher than today's predicted value. That means the window to capture peak pricing may be tightening.

• If you own a house: You're in a more affordable tier compared to Connaught Heights, which can attract buyers. But price it sharp - the market is paying attention to value right now.
• If you own a condo: You're sitting on the most expensive condo product in New Westminster. That's leverage - but with growth ranked 14 out of 15, you don't want to wait for the market to catch up to your ask.
• For landlords: A rental yield of 4.38% on houses and 3.42% on condos puts Queensborough in the moderate-returns category. Solid, but not exceptional.
• Airbnb angle: Queensborough ranks 5th in New Westminster for Airbnb potential, with houses pulling around $243 per night. That's a real income lever for owners who have the flexibility to use it.

Bottom line - if you're serious about selling this summer, pull your HonestDoor Price today. Don't walk into a listing conversation armed with a number the market has already moved past. Know what your home is actually worth right now, not what the city thought it was worth last year.

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.