River Heights, Burnaby - October 2026 Real Estate Report
River Heights, Coquitlam: What's Actually Happening With Home Prices Right Now
The Vibe on the Ground
If you live in River Heights and you've been wondering whether to make a move this summer, here's the honest read. The market isn't crashing. It isn't exploding either. It's taking a breather - and knowing exactly where you stand right now is worth real money.
Houses: Still a Strong Address
Houses in River Heights are holding their ground. One sale came through at an average of $1,456,000, with prices sitting around $1,120 per square foot. That's not a number to sneeze at.
The HonestDoor predicted value for houses here is $1,570,474. That number is drifting slightly from the 3-month moving average of $1,593,554, so we're seeing a modest pullback of about 0.70%. Nothing alarming - but worth watching if you're planning to list.
Here's the neighbourhood leaderboard stat: River Heights houses rank 3rd out of 13 neighbourhoods in Coquitlam for growth, and 3rd out of 12 for price. That puts us firmly in the above-average tier. We're not at the top of the hill, but we're close to it. For context, Central Coquitlam's predicted value sits at $1,705,075 - so there's a gap, but River Heights is punching well above the middle of the pack.
- Average sale price: $1,456,000
- Price per square foot: $1,120
- HonestDoor predicted value: $1,570,474
- 3-month moving average: $1,593,554
- Recent value change: -0.70%
- Estimated rent: $5,709 per month
- Rental yield: 3.98%
- Growth rank: 3rd out of 13 in Coquitlam
- Price rank: 3rd out of 12 in Coquitlam
Condos: Priced Well, Growing Slowly
The condo story in River Heights is a bit of a split screen. Prices are strong - we rank 2nd out of 9 Coquitlam neighbourhoods for condo price. One unit sold at $759,000, or about $1,037 per square foot. That's a solid number.
The HonestDoor predicted value for condos comes in at $656,167, down slightly from the 3-month moving average of $662,375. The recent change is -0.49% - a small dip, not a slide. Growth rank sits at 7th out of 13, which puts condo owners in the below-average tier for momentum right now. The price is there. The growth engine is just idling.
- Average sale price: $759,000
- Price per square foot: $1,037
- HonestDoor predicted value: $656,167
- 3-month moving average: $662,375
- Recent value change: -0.49%
- Estimated rent: $3,132 per month
- Rental yield: 3.53%
- Growth rank: 7th out of 13 in Coquitlam
- Price rank: 2nd out of 9 in Coquitlam
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing most homeowners don't realize. Your BC Assessment is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it's already stale. The market has moved on.
The HonestDoor Price is updated in real time using actual sales data, neighbourhood trends, and current market signals. For a River Heights house, that's a predicted value of $1,570,474 right now - not what a government formula calculated eight months ago. That gap between the two numbers can mean tens of thousands of dollars in how you price, negotiate, or plan your next move.
If you're a condo owner, the same logic applies. Your HonestDoor Price of $656,167 reflects what's happening today - not last summer. That's the number a serious buyer's agent is looking at. You should be too.
The So What - Thinking About Selling This Summer?
For house sellers, the window is real but it requires sharp pricing. Values are above average for Coquitlam, but the slight downward drift in the predicted value means overpricing will cost you time and leverage. Come in clean, come in current.
For condo sellers, you're sitting on a well-priced asset in a neighbourhood that ranks near the top for price. The growth momentum is softer right now, so waiting for a big run-up may not pay off. If your life circumstances make a sale make sense, this summer is a reasonable time to move - just don't leave money on the table by relying on an outdated assessment to set your expectations.
Either way, pull your HonestDoor Price before you call an agent. It's the real-world check that tells you where the market actually is - not where it was.
river heights | burnaby | 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.