Brentwood, Burnaby - July 2026 Real Estate Report

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

If you live in Brentwood and you have not checked your HonestDoor Price lately, now is the time. The city's assessment says one thing. The real world is saying something slightly different - and that gap matters when you are making a six or seven-figure decision.

The Vibe: What Is Actually Happening in Brentwood Right Now

Let us break it down by property type, because houses and condos are telling two different stories on our streets right now.

Houses - Holding Steady at the Top

Our houses are sitting among the most expensive in Burnaby - ranked 4th out of 34 neighbourhoods on price. That is not a small thing. The average sale price is sitting at $1,953,000, with a price per square foot around $719. Only 1 house sold recently, but that number has been consistent.

• Average assessed value: $2,025,125
• HonestDoor Price: $1,991,203 - up 0.36% from last period
• Predicted market value: $1,984,043 - trending up from the 3-month average of $1,960,223
• Average sale price: $1,953,000
• Price per square foot: $719
• Estimated rent: $6,762 per month
• Rental yield: 3.68%
• Neighbourhood growth rank: 13 out of 36 - above average in Burnaby

The predicted value is climbing, which tells us the short-term momentum is positive even while the broader growth rate has dipped slightly. Compared to nearby Willingdon Heights and West Central Valley, Brentwood houses are pricier - and holding their ground better on growth.

Condos - Premium Priced, Taking a Breather

Our condo market is ranked 2nd out of 26 neighbourhoods in Burnaby on price. We are near the top of the leaderboard. But the HonestDoor Price has pulled back 1.44% from last period, and the broader growth rate is down 0.07% year over year. That is the market taking a breather, not falling off a cliff.

• Average assessed value: $657,997
• HonestDoor Price: $649,136 - down 1.44% from last period
• Predicted market value: $658,630 - trending up from the 3-month average of $654,365
• Average sale price: $727,667
• Price per square foot: $876
• Estimated rent: $3,120 per month
• Rental yield: 3.54%
• Recent value change: up 1.84%
• Growth rank: 16 out of 37 - above average in Burnaby

Three condos sold recently, which is steady. Worth noting - our average sale price of $727,667 is running below nearby Willingdon Heights ($769,600) and Dawson-Delta ($825,000). If you own a condo here and have been thinking about selling, that comparison is worth a conversation.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the thing about BC Assessment numbers - they are a snapshot from July 1st of the previous year. By the time you read your assessment notice, that number is already 6 to 18 months old. The market does not wait for paperwork.

The HonestDoor Price is a real-time check on what your property is worth right now - not last summer. For Brentwood houses, the HonestDoor Price of $1,991,203 is already 1.68% below the assessed value of $2,025,125. For condos, the HonestDoor Price of $649,136 sits 1.35% below the assessed value of $657,997. That gap is not huge, but if you are pricing a listing based on your assessment alone, you could be starting the conversation in the wrong place.

Think of the HonestDoor Price as what a well-informed buyer is likely thinking when they walk through your door. It factors in what is actually selling, right now, in your neighbourhood. Your assessment does not do that.

The "So What?" - Thinking About Selling This Summer?

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

For house sellers - you are in a strong position. Brentwood sits near the top of Burnaby's price rankings, the predicted value is trending upward, and your neighbours in Willingdon Heights and West Central Valley are not keeping pace on growth. Inventory is thin - only 1 house sold recently - which means a well-priced listing gets attention. Price it sharp against the HonestDoor Price, not the assessed value, and you will attract serious buyers.

For condo sellers - the short-term momentum is actually positive, with the predicted value climbing above the 3-month average. But the HonestDoor Price has softened 1.44%, and nearby neighbourhoods are posting higher sale prices. That means presentation and pricing strategy matter more right now. A condo priced right in Brentwood still moves - we are ranked 2nd in Burnaby on price, and that reputation carries weight with buyers.

• 1,570 houses assessed this year - a large, active pool of comparable properties
• 2,271 condos assessed this year - deep market data working in your favour
• Brentwood Airbnb rank: 8th in Burnaby for houses - strong short-term rental appeal if that matters to your buyer
• Overall neighbourhood growth: down a small 0.04% year over year - a pause, not a problem

Bottom line - Brentwood is not a neighbourhood that needs a sales pitch. The numbers speak. Just make sure you are using the right numbers before you make your move.

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.