Silverhill, Mission - September 2026 Real Estate Report

Silverhill, Mission: Your Assessment Is Way Off - Here Is What Your Home Is Actually Worth

If you have been glancing at your property assessment and feeling pretty good about yourself, we need to talk. The gap between what the government says your home is worth and what a buyer would actually pay right now is massive in Silverhill. This is not a small rounding error - it is a 38% difference. That is the kind of number that matters when you are making real decisions about selling, refinancing, or just figuring out where you stand.

The Vibe: Houses vs. Condos in Silverhill

Let us break down what is actually happening on our streets right now.

Houses

The average government assessment for a house in Silverhill sits at $1,718,995. Sounds impressive. But the HonestDoor Price - which tracks real-time market signals instead of last year's snapshot - puts the average at $1,060,279. That is a $658,000 gap. If you are pricing a home based on your assessment, you are starting the conversation in the wrong place entirely.

• HonestDoor Price (Houses): $1,060,279
• Recent price change: down 1.14% from last period
• 3-month predicted value: $1,072,554 (trending slightly down from $1,075,502)
• Estimated monthly rent: $3,828 - $3,859
• Rental yield: 4.90% - solid for the Fraser Valley
• Neighbourhood growth: down 0.07% year over year
• Growth rank: 8 out of 12 Mission neighbourhoods - below average on the leaderboard
• Airbnb rank in Mission: 10th

Honest take? Houses here are taking a breather. The market is not falling off a cliff, but it is not charging uphill either. Sitting at 8th out of 12 on the Mission growth leaderboard means we are in the bottom half right now. Neighbours in Ruskin and Silverdale are seeing slightly better momentum, and their HonestDoor Prices are sitting well above ours at $1,527,781 and $1,478,911 respectively.

Condos

The condo picture in Silverhill is a different story - and actually a more interesting one for investors. The HonestDoor Price for condos averages $386,400, down 0.94% recently. But here is the thing: condos rank 3rd out of 9 comparable Mission neighbourhoods for growth. That puts us in the above-average tier on the leaderboard, which is not nothing.

• HonestDoor Price (Condos): $386,400
• Recent price change: down 0.94%
• 3-month predicted value: $390,067 (slightly down from $390,811)
• Estimated monthly rent: $2,027 - $2,043
• Rental yield: 4.04% - moderate but consistent
• Growth rank: 3 out of 9 Mission neighbourhoods - above average
• Airbnb rank in Mission: 8th

Nearby condo markets like Whonnock ($771,050) and Bradner Mt Lehman ($597,815) are priced significantly higher, which tells us Silverhill condos are still an entry-level opportunity in this part of Mission. If you own one, the rental math actually works - $2,043 a month against a $386,400 asset is a reasonable return.

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

Here is the thing about government assessments in BC - they are a rear-view mirror. They reflect market conditions from July 1st of the previous year. A lot has changed since then. The HonestDoor Price is updated continuously using current sales data, market trends, and real comparable properties. It is the real-world check against a number that was already outdated the moment it landed in your mailbox.

In Silverhill specifically, that gap is not subtle. An assessment of $1,718,995 versus a HonestDoor Price of $1,060,279 means if you walked into a listing conversation using your assessment as your anchor, you would be starting $658,000 above where the market actually is. That does not help you sell faster. It helps your home sit on the market longer.

Silverhill also holds the number 1 ranked average assessed value in all of Mission. That sounds like bragging rights - but it also means the correction between assessed and real-world value is sharper here than anywhere else in the city. Knowing your HonestDoor Price is not just useful. It is essential.

The So What - Thinking About Selling This Summer?

If you are a Silverhill homeowner eyeing a summer sale, here is the straight talk.

• Prices are drifting slightly lower, not crashing - but the window to catch a stronger price is not getting wider right now.
• Your assessment will not help you price competitively. Use the HonestDoor Price as your starting point.
• At $3,828 per month in estimated rent, houses here still attract serious tenants if you decide to hold instead of sell.
• The Airbnb numbers ($190 per night for houses, $100 for condos) are decent but not exceptional - Mission ranks Silverhill 10th for houses on that metric.
• If you own a condo and are thinking about selling, the above-average growth rank (3rd out of 9) gives you a slightly better story to tell buyers than the house market does right now.

Bottom line - summer 2025 in Silverhill is a market that rewards realistic pricing over wishful thinking. The neighbours who price to the HonestDoor number will move their properties. The ones anchored to their assessment will be refreshing their listing stats in September wondering what happened.

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.