Brentwood, Burnaby - August 2026 Real Estate Report

Brentwood, Burnaby Real Talk: Your Home Is Worth More Than You Think - But the Market Is Catching Its Breath

The Vibe Right Now

If you have been watching the "For Sale" signs in Brentwood lately, here is what is actually happening. The market is not crashing. It is not on fire either. It is taking a deliberate breather - and depending on whether you own a house or a condo, that means very different things for your wallet this summer.

Houses: Holding Steady at the Top of the Leaderboard

Let us start with the good news for house owners. Brentwood houses are sitting at an average sale price of $1,953,000, with a price per square foot of around $719. That number has barely moved - which, in a market where plenty of neighbourhoods are sliding, is actually a win.

• Average Sale Price: $1,953,000 (essentially unchanged)
• Price Per Square Foot: $719
• HonestDoor Predicted Value: $1,991,203
• 3-Month Moving Average: $1,988,346 (values are trending up slightly)
• Estimated Monthly Rent: $6,784
• Rental Yield: 3.68%
• Recent Value Change: +0.36%
• Growth Rank: 10 out of 36 neighbourhoods in Burnaby - solidly above average
• Price Rank: 6 out of 35 - among the most expensive in the city

That growth rank is worth paying attention to. Out of 36 comparable Burnaby neighbourhoods, Brentwood houses land at number 10. We are not leading the pack, but we are well ahead of the middle. And with predicted values nudging above the 3-month average, the short-term direction is still pointing up for houses.

Compare us to the neighbours: Willingdon Heights houses are cheaper at $1,769,767 and growing slower. West Central Valley comes in at $1,502,723, also growing slower. Dawson-Delta sits at $1,349,667. Brentwood house owners are sitting at the premium end of this pocket of Burnaby, and the data backs that up.

Condos: A Bit of a Soft Patch

The condo picture is a little more honest about the current slowdown. Sales volume dropped 50% from last month - though with only a handful of transactions to begin with, one fewer sale moves that needle dramatically. The average sale price came in at $510,000, down 5.9% from last month, and the HonestDoor predicted value of $649,136 is dipping slightly below the 3-month moving average of $651,501. That is a signal worth watching.

• Average Sale Price: $510,000 (down 5.9% from last month)
• Price Per Square Foot: $774
• HonestDoor Predicted Value: $649,136
• 3-Month Moving Average: $651,501 (values are easing back slightly)
• Estimated Monthly Rent: $3,087
• Rental Yield: 3.56%
• Recent Value Change: -1.44%
• Growth Rank: 11 out of 37 neighbourhoods in Burnaby - still above average
• Price Rank: 17 out of 26 - below average in price for Burnaby condos

Here is the nuance though. Even with that softness, Brentwood condos still rank 11th out of 37 Burnaby neighbourhoods for growth. We are above average. The market is not falling apart - it is just not sprinting right now. Nearby Willingdon Heights condos are fetching $957,149 on the HonestDoor scale and growing a touch faster. That gap is something condo owners here should keep an eye on.

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

Here is the thing about your BC Assessment notice. That number was calculated using data from July 1st of last year. It is a snapshot of a market that no longer exists. The city is not going to update it until next January. That is a long time to be making decisions based on stale information.

The HonestDoor Price is a real-world check - updated continuously using actual sales data, not a government calendar. Right now, that gap between the two numbers is telling a specific story in Brentwood.

For houses, the average BC Assessment sits at $2,025,125. The HonestDoor Price is $1,954,924 - that is 3.47% lower than what the city has on file. If you are a house owner, your assessment may be slightly overstating your current market value. That matters for your expectations if you are thinking about listing.

For condos, the assessed value is $657,997 versus a HonestDoor Price of $650,841 - a gap of 1.09%. Smaller difference, but the same principle applies. The HonestDoor number reflects where the market actually is today, not where it was 12 months ago.

Bottom line: do not price your home off your assessment. Pull your HonestDoor Price first.

So What Does This Mean If You Are Thinking About Selling This Summer?

If you own a house in Brentwood and you have been sitting on the fence, the data is not screaming "wait." Predicted values are ticking upward, we rank in the top third of Burnaby for growth, and buyers looking at this end of the market are not finding cheaper options nearby that match what Brentwood offers. A well-priced house here - priced off real data, not the assessment - has a reasonable shot at a clean sale this summer.

If you own a condo, be a little more strategic. Values have dipped 1.44% recently, and the predicted value is sitting just below the 3-month average. That does not mean panic - it means pricing sharp matters more right now. Buyers have options. Willingdon Heights condos are selling for more. Dawson-Delta is cheaper. Brentwood condos need to be priced to stand out in that middle ground.

For both property types, the rental numbers give sellers a useful backup story. Houses are pulling an estimated $6,784 per month in rent with a 3.68% yield. Condos are at $3,087 with a 3.56% yield. If a buyer is on the fence about purchasing versus renting elsewhere, those numbers make a compelling case for buying in Brentwood.

With 1,570 houses and 2,271 condos assessed this year, there is real depth to this neighbourhood. Brentwood is not a thin market. It is an established one - and right now, the sellers who win will be the ones who price off today's data, not last year's paperwork.

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.