Silverhill, Mission - October 2026 Real Estate Report
Silverhill, Mission: Your Assessment Says One Thing. The Market Says Another.
The Vibe Right Now
If you've been watching the "For Sale" signs in Silverhill lately, here's what's actually happening. The market is taking a breather. Values are dipping slightly, but this neighbourhood is holding its own better than you might think - and the gap between what the government says your home is worth and what a buyer would actually pay is massive. More on that in a second.
Houses: Solid, But Softening a Touch
For houses in Silverhill, we're looking at a HonestDoor Price of around $1,033,244 to $1,060,279. That's the real-world number. Values have slipped about 1-2.5% recently, and the 3-month trend confirms things are easing off. Not a crash - just a cooling.
- HonestDoor Price (Houses): $1,033,244 average
- 3-Month Predicted Value: $1,060,279 (down from a moving average of $1,067,740)
- Recent Price Change: -1.14%
- Estimated Monthly Rent: $3,753 - $3,828
- Rental Yield: 4.91% - that's a moderate but respectable return
- Airbnb Potential: ~$186 per night ($190/month estimated income)
- Airbnb Rank in Mission: 10th out of Mission neighbourhoods
- Growth Rank: 4 out of 12 Mission neighbourhoods - that puts us in the above-average tier on the neighbourhood leaderboard
Neighbours like Keystone ($1,724,236), Ruskin ($1,533,913), and Silverdale ($1,478,098) are all priced significantly higher. If you're a house owner in Silverhill, you're in a more accessible price range - which actually works in your favour when buyers are stretched thin.
Condos: Small Dip, Still Competitive
Condo owners, we're in a different conversation. The HonestDoor Price sits at $388,900 - up 0.65% from last period, which is a green flag in a market where most things are sliding. The 3-month predicted value of $386,400 shows a slight softening, but nothing alarming.
- HonestDoor Price (Condos): $388,900 average
- 3-Month Predicted Value: $386,400 (down from a moving average of $387,344)
- Recent Price Change: -0.94%
- Estimated Monthly Rent: $2,027 - $2,040
- Rental Yield: 4.04% - moderate returns
- Airbnb Potential: ~$103 per night ($100/month estimated income)
- Airbnb Rank in Mission: 5th - solid mid-pack standing
- Growth Rank: 4 out of 9 Mission neighbourhoods - above average on the leaderboard
Nearby condo markets like Whonnock ($785,500) and Bradner Mt Lehman ($611,072) are priced much higher. Silverhill condos are the entry point into Mission ownership - and that demand doesn't disappear.
The Secret Sauce: Your Assessment Is Lying to You (Not on Purpose, But Still)
Here's the number that should make every Silverhill house owner stop scrolling. The average government assessed value in this neighbourhood is $1,718,995. The average HonestDoor Price is $1,033,244. That's a gap of nearly $686,000 - or about 39.89% lower than what BC Assessment has on file.
That assessment was calculated months ago using old data. It doesn't know what happened to rates last quarter. It doesn't know what your neighbour's place actually sold for. The HonestDoor Price is updated in real time using actual market signals - it's the number a buyer's agent is going to use when they sit across the table from you. Silverhill also holds the rank of 1st in Mission for average assessed value, which sounds great until you realize the real-world price tells a very different story. Check your HonestDoor Price now - don't wait for next year's assessment to catch up.
The "So What?" - Thinking About Selling This Summer?
Straight talk: if you're a house owner in Silverhill and you're thinking about listing this summer, the window is open but it's not getting wider. Values are down about 1-2.5% recently, and the trend line over three months confirms the softening. That doesn't mean panic - it means price it right from day one.
With a rental yield of 4.91% and Airbnb potential at $186 a night, buyers who can't quite afford Keystone or Ruskin are going to look at Silverhill as the smart move. That's your selling story. You're not the most expensive neighbourhood on the block - you're the one that actually pencils out.
For condo owners, the 0.65% uptick in HonestDoor Price is a small but real positive signal. Holding steady while the rest of the market dips is worth something. If you're on the fence about selling, that yield and the above-average growth rank give you a reasonable case to wait a little longer and see if momentum builds.
Bottom line - whether you own a house or a condo in Silverhill, the smartest first move is knowing your real number. Not the assessed value. The HonestDoor Price. That's where the conversation with any serious buyer actually starts.
silverhill | mission | 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.