Silverhill, Mission - July 2026 Real Estate Report

Silverhill, Mission: Your City Assessment Is Lying To You

If you own a home in Silverhill and you've been feeling good about that government assessment notice sitting on your kitchen counter, we need to talk. The gap between what the city thinks your place is worth and what a buyer would actually pay right now is not small. It is enormous. Here is what is really going on in our neighbourhood.

The Vibe: Houses vs. Condos

Houses

The average assessed value for a Silverhill house sits at $1,718,995. Sounds great, right? Here is the reality check. The average HonestDoor Price - the number built from real-time market signals, not a once-a-year government snapshot - comes in at $1,067,946. That is 37.87% lower than what your assessment says. We are not talking about a rounding error. That is a $651,000 gap between the city's paperwork and what the market is actually doing.

On top of that, house values here have slipped 1.22% from the previous period and are down 1.46% recently. The 3-month moving average is $1,095,681, and the current predicted value of $1,081,170 is trending below that. The market is taking a breather.

• Average HonestDoor Price (Houses): $1,067,946
• Recent price change: -1.46%
• 3-month moving average: $1,095,681
• Neighbourhood growth rank: 11 out of 12 in Mission
• Average rental estimate: $3,853 per month
• Rental yield: 4.89%
• Airbnb estimate: $191 per night
• Airbnb rank in Mission: 11
• Properties assessed: 116

On the neighbourhood leaderboard, Silverhill houses rank 11th out of 12 for growth in Mission. That puts us near the bottom of the pack. For context, nearby Keystone is averaging $1,702,395, Ruskin is at $1,498,288, and Silverdale sits at $1,515,504. All three are priced significantly higher than us right now.

Condos

The condo picture is a bit different but the direction is the same. The average HonestDoor Price for a Silverhill condo is $385,567, down 2.83% from the previous period. The predicted market value is $396,800, which is also sliding below the 3-month moving average of $398,322.

• Average HonestDoor Price (Condos): $385,567
• Recent price change: -1.97%
• 3-month moving average: $398,322
• Growth rank: 5 out of 9 in Mission (below average)
• Average rental estimate: $2,023 per month
• Rental yield: 4.03%
• Airbnb estimate: $102 per night
• Airbnb rank in Mission: 7

Condo owners rank 5th out of 9 comparable neighbourhoods for growth. Middle of the road, but trending in the wrong direction. Every nearby neighbourhood we compared against - Whonnock, Bradner Mt Lehman, Cedar Valley - is priced higher than Silverhill condos right now.

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

Here is the thing about a BC Assessment notice. It is a photograph taken in July of last year. The market has moved since then - and in Silverhill, it has moved down. Your assessment of $1,718,995 reflects a moment in time that no longer exists. A buyer making an offer today is not looking at that number. They are looking at what comparable homes are actually selling for right now.

The HonestDoor Price updates continuously. It pulls from current sales data, market trends, and real activity in the neighbourhood. That $1,067,946 figure is the real-world check. If you are pricing a listing, negotiating a sale, or even just figuring out your net worth, the HonestDoor Price is the number that actually reflects today - not last summer.

With a 37.87% gap between assessed and HonestDoor values, Silverhill homeowners who rely on their assessment are working with seriously outdated information. That kind of gap can lead to overpricing a listing, sitting on the market too long, and eventually selling for less than you would have if you had priced it right from day one.

The So What: Thinking About Selling This Summer?

If selling is on your mind, here is the honest picture. Silverhill is not the hottest spot in Mission right now. Growth is ranked 11th out of 12 for houses. Values are drifting down, not up. Waiting for the market to bounce back is a gamble, not a strategy.

That said, there is still a real market here. Rental demand is solid at $3,853 per month for houses, with a 4.89% yield. Airbnb potential at $191 per night gives investors a reason to look. Those numbers can support your asking price if you frame the property correctly.

The move right now is to price based on your HonestDoor Price, not your assessment. Sellers who chase the assessed value in a softening market end up doing price cuts - and price cuts signal desperation to buyers. Come in sharp, come in realistic, and you have a much better shot at a clean sale before fall.

Bottom line: Silverhill is a neighbourhood where knowing your actual number - not the city's number - is the difference between a good outcome and a frustrating one. Check your HonestDoor Price before you do anything else.

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.