Thornhill, Maple Ridge - August 2026 Real Estate Report

Thornhill, Maple Ridge: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Thornhill, here's what's actually happening. The market is taking a breather - but your property value is still sitting well above what the city has on file. That gap matters, and we'll get to why in a second.

On the houses side, we saw 1 sale come through, with an average sale price of $1,549,000 and a price per square foot of around $411. Volume is thin right now, which is pretty typical for a neighbourhood where homes don't turn over fast. When only a handful of properties trade hands, each sale carries a lot of weight - so that number is worth watching closely over the next few months.

The Secret Sauce - Your HonestDoor Price vs. Your Tax Assessment

Here's the thing most Thornhill homeowners don't realize. The city's average assessed value for homes here sits at $1,829,681. That number is essentially a snapshot from the past - it doesn't move with the market in real time.

The average HonestDoor Price tells a different story: $1,958,393. That's 7.03% higher than what the city assessment shows. For the average Thornhill home, that's a gap of roughly $128,000 that your tax assessment is simply not capturing.

• Average Assessed Value: $1,829,681
• Average HonestDoor Price: $1,958,393
• Gap: approximately $128,712 - or 7.03% above assessment
• Predicted Market Value (Houses): $1,959,535
• 3-Month Moving Average: $1,983,212 - values are easing slightly
• Recent price change: -2.08%

The HonestDoor Price updates continuously. Your city assessment does not. If you're making any financial decision - refinancing, selling, or just figuring out where you stand - the HonestDoor Price is the real-world check you need right now, not a number that was locked in months ago.

The Neighbourhood Leaderboard

Let's be straight with you. On growth, Thornhill houses rank 15 out of 24 comparable neighbourhoods in Maple Ridge. That puts us in below-average territory for momentum right now. Neighbourhood growth is down 0.03% year over year, and the 3-month moving average is drifting lower.

On price, though, we rank 6 out of 19 - that's above average. Thornhill is one of the pricier addresses in Maple Ridge, and that holds up even in a softer stretch.

For context, here's how nearby neighbourhoods stack up against us:

• Spilsbury - HonestDoor Price $1,525,979 - Rental $5,537/mo - Growth -0.01% - cheaper and growing faster
• Whonnock - HonestDoor Price $1,761,782 - Rental $6,191/mo - Growth -0.03% - cheaper and growing at the same pace
• Albion - HonestDoor Price $1,224,103 - Rental $4,789/mo - Growth -0.02% - significantly cheaper and growing faster

The honest read: buyers who want into Maple Ridge at a lower entry point have options. That's worth keeping in mind if you're pricing a listing this summer.

The So What - Should You Sell This Summer?

If you're thinking about listing, here's the real talk. Thornhill is still a premium address in Maple Ridge - a price rank of 6 out of 19 confirms that. But the growth momentum is soft, the 3-month moving average is easing, and every nearby neighbourhood is cheaper. Buyers have alternatives.

That doesn't mean don't sell. It means price it right from day one. Overpricing in a thin-volume market - where only a handful of homes trade - is the fastest way to sit on the market and lose leverage.

The good news: your home is almost certainly worth more than your last tax assessment says. The HonestDoor Price puts the average Thornhill home at $1,958,393. Use that as your starting point for the conversation with your agent, not the city's number.

• Average rental estimate: $6,640/month - solid income option if selling isn't urgent
• Rental yield: 3.84% - moderate, but competitive for the area
• Airbnb potential: $330/night - Thornhill ranks 7th in Maple Ridge for short-term rental income
• 320 properties assessed this year - a meaningful sample size

Bottom line: Thornhill is holding its value better than the growth rank suggests. But the window for peak summer pricing is short. If selling is on your radar, get your HonestDoor Price now - not after the market moves again.

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.