Silverhill, Mission - June 2026 Real Estate Report

Silverhill, Mission: Your Assessment Is Lying To You

If you own a home in Silverhill and you've been feeling good about that government assessment sitting in your mailbox, we need to talk. The gap between what the city thinks your place is worth and what a buyer will actually pay is massive right now - and knowing the difference could save you from a very expensive mistake.

The Vibe: What's Actually Happening in Our Neighbourhood

Houses

Here's the headline number: the average HonestDoor Price for a house in Silverhill sits at $1,081,170. That's down 1.46% from the previous period, and the 3-month moving average is tracking at $1,100,138 - so the direction is a gentle slide, not a cliff. We're taking a breather.

But here's what should grab your attention. The average assessed value in Silverhill is $1,718,995. That's a gap of 37.10% between what the city has on paper and what the real-world market is pricing your home at. If you're making any financial decision - refinancing, selling, even just budgeting - using that assessment number is working with outdated information.

• HonestDoor Price (Houses): $1,081,170
• Predicted Market Value: $1,097,226
• Price Change (Recent): -1.03%
• Average Assessed Value: $1,718,995
• Assessment Gap: 37.10% higher than real-world pricing
• Estimated Monthly Rent: $3,893
• Rental Yield: 4.88%
• Airbnb Estimate: $194 per night
• Neighbourhood Growth: -0.07% year over year
• Growth Rank: 2 out of 12 neighbourhoods in Mission
• Properties Assessed: 116

That growth rank is worth pausing on. Silverhill sits 2nd out of 12 comparable neighbourhoods in Mission. Even with a slight dip, we're near the top of the local leaderboard. Neighbours like Keystone, Ruskin, and Silverdale are all priced significantly higher - think $1.5M to $1.7M range - which tells you Silverhill still has room in the story.

Condos

The condo picture is a bit different. The average HonestDoor Price is $396,800, down 1.97% from the previous period. The predicted market value comes in at $404,767, just slightly above the 3-month moving average of $405,400 - another slow drift downward.

• HonestDoor Price (Condos): $396,800
• Predicted Market Value: $404,767
• Price Change (Recent): +2.89%
• Estimated Monthly Rent: $2,077
• Rental Yield: 4.02%
• Airbnb Estimate: $103 per night
• Growth Rank: 4 out of 9 neighbourhoods in Mission

Condos rank 4th out of 9 in Mission for growth - above average, not leading the pack. The 2.89% recent price change is a positive signal though. For investors, a 4.02% rental yield is moderate and steady. Nothing flashy, but it holds its own.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

The city's assessed value is a snapshot from the past. It doesn't know what happened in the market last month, last quarter, or even last year in real time. In Silverhill's case, that static number is running $637,000 higher than what buyers are actually offering on houses. That's not a rounding error - that's a different conversation entirely.

The HonestDoor Price is updated continuously using real transaction data, market signals, and neighbourhood-level trends. It's the number a serious buyer's agent is working from. It's the number a lender's appraiser will get close to. It's the real-world check that the assessment simply isn't built to be.

If you're a Silverhill homeowner and your financial plan is built around $1.7M, it's worth a hard look at the $1.08M reality the market is pricing in right now.

The So What: Thinking About Selling This Summer?

Straight talk - this is not a panic moment, but it's not a "wait and see" moment either. Here's why.

Silverhill is still ranked 2nd out of 12 neighbourhoods in Mission for house price growth. Buyers looking at Keystone, Ruskin, or Silverdale are paying $400,000 to $600,000 more for comparable properties. That makes Silverhill a relative value play - and relative value attracts buyers when the broader market gets cautious.

The window for summer selling is real. Prices are drifting down slowly, not crashing. A well-priced listing at $1,081,170 - or close to it - is a credible, competitive ask. A listing anchored to the $1.7M assessment? That sits. And a listing that sits in a softening market tends to sell lower than one priced right from day one.

If you're a condo owner, the 2.89% recent uptick is a small green light. Inventory and timing still matter, but the momentum is slightly in your favour compared to houses right now.

Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it's the most honest number you'll get without hiring an appraiser.

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.