River Heights, Burnaby - July 2026 Real Estate Report

River Heights, Coquitlam: Your Neighbours Aren't Talking About This Yet

If you own a home in River Heights and you haven't checked your property's real-world value lately, now is the time. The numbers tell two very different stories depending on what you own - and one of them is genuinely good news.

The Vibe: Houses vs. Condos - Two Markets, One Neighbourhood

Let's be straight with each other. For houses, we're sitting at the expensive end of Coquitlam - ranked 2nd out of 12 neighbourhoods for price - but growth has stalled. Houses here clock in at an average sale price of $1,824,950 with a price per square foot around $557. Only 2 homes sold recently, and on the neighbourhood leaderboard for growth, we rank dead last: 13 out of 13. That's not a crisis, but it's a signal. The market for houses is taking a breather.

Condos are a different story. Our condos are the most expensive in Coquitlam - ranked 1st out of 9 neighbourhoods for price - and they're actually moving up the growth leaderboard, sitting at 2nd out of 13. The average condo sale price hit $759,000, with a sharp price per square foot of $1,037. Values have shifted 4.10% recently, and the HonestDoor Price is tracking upward from a 3-month average of $661,596 to $672,032 right now. That momentum is real.

• House average sale price: $1,824,950
• House price per sq ft: $557
• House HonestDoor predicted value: $1,671,925 (up from 3-month avg of $1,652,434)
• House estimated rent: $5,965/month - rental yield of 3.90%
• House growth rank: 13 out of 13 in Coquitlam
• Condo average sale price: $759,000
• Condo price per sq ft: $1,037
• Condo HonestDoor predicted value: $672,032 (up from 3-month avg of $661,596)
• Condo estimated rent: $3,191/month - rental yield of 3.50%
• Condo growth rank: 2 out of 13 in Coquitlam

The Secret Sauce: Your Tax Assessment Is Already Stale

Here's something most homeowners don't think about until it's too late. Your BC Assessment number is a snapshot from July 1st of the previous year. By the time you read it, the market has already moved. The HonestDoor Price updates in real time, pulling in actual sales data as it happens.

For house owners in River Heights, the HonestDoor predicted value sits at $1,671,925 right now - and it's climbing. That number is your real-world check. It tells you what a buyer would likely pay today, not what a government formula calculated eight months ago. For condo owners, the 4.10% recent value change means your assessment could be underselling you by a meaningful margin. Knowing the gap between your assessment and your HonestDoor Price is the difference between pricing smart and leaving money on the table.

Nearby, Ranch Park houses are predicted at $1,976,772. That gap between us and Ranch Park is worth watching - it tells you where buyer demand is concentrating right now.

The So What - Thinking About Selling This Summer?

If you own a condo here, the timing conversation is worth having. Growth is ranked near the top of Coquitlam, values are trending up, and you're already sitting at the most expensive price point in the city for condos. Summer inventory typically rises, which means more competition. Getting your listing in front of buyers before that wave hits is a real advantage.

If you own a house, be honest with yourself about the growth rank. Last place in Coquitlam for growth doesn't mean your home isn't valuable - it clearly is, at nearly $1.83 million average. But it does mean you're not riding a rising tide right now. A sharp list price backed by your current HonestDoor Price - not a stale assessment - is how you stand out when buyers are comparison shopping across neighbourhoods like Ranch Park and Central Coquitlam.

Bottom line: check your HonestDoor Price today. It takes two minutes and it's the most current number you'll find. Everything else is just guessing.

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.