Brentwood, Burnaby - October 2026 Real Estate Report
Brentwood, Burnaby Real Talk: Your Home Is Worth Less Than The City Thinks
If you have been watching the "For Sale" signs around Brentwood lately, here is the honest version of what is going on. The city's assessment says one thing. The actual market is saying something a little different. And the gap between those two numbers is exactly where your real estate decisions should live.
The Vibe: What Is Actually Happening With Houses and Condos
Let us break it down by property type, because houses and condos are telling two very different stories right now.
Houses - Holding Steady, But Watch the Gap
Houses in Brentwood are showing some resilience. The average sale price is sitting at $1,685,333, with a price per square foot around $1,102. Only 3 houses sold recently, which is a thin slice of activity, but prices have not moved much - essentially flat from last month.
The forward-looking number is more interesting. The predicted market value for houses is $1,980,308, which is nudging up from the 3-month moving average of $1,975,478. That is a 1.30% recent change in values. Not explosive, but it is pointing in the right direction.
- Average sale price: $1,685,333
- Price per square foot: $1,102
- Predicted market value: $1,980,308
- 3-month moving average: $1,975,478
- Estimated monthly rent: $6,752
- Rental yield: 3.69%
- Recent value change: 1.30%
- Growth rank: 19 out of 36 neighbourhoods in Burnaby - below average on the leaderboard
- Price rank: 9 out of 35 - above average, meaning Brentwood houses cost more than most of Burnaby
On the leaderboard, Brentwood houses rank 19th out of 36 for growth. That puts us in the bottom half for momentum. We are not in freefall, but we are not leading the pack either. The neighbourhood growth rate is down 0.04% year over year - a small dip, but a dip.
Condos - Taking a Breather
The condo picture is a bit softer. The average sale price is $631,250, with a price per square foot around $798. Four condos sold recently, which is quiet but not alarming. The bigger signal is the predicted market value of $637,689, which is actually sliding below the 3-month moving average of $645,889. Values have shifted by -2.02% recently.
- Average sale price: $631,250
- Price per square foot: $798
- Predicted market value: $637,689
- 3-month moving average: $645,889
- Estimated monthly rent: $3,046
- Rental yield: 3.58%
- Recent value change: -2.02%
- Growth rank: 23 out of 37 neighbourhoods in Burnaby - below average on the leaderboard
- Price rank: 12 out of 26 - above average in price
For context, the average condo sale price here is slightly lower than Willingdon Heights ($707,333) but higher than Dawson-Delta ($580,000). We are in the middle of the pack on price, but the downward trend in predicted values is worth watching if you own a condo and are thinking about timing a sale.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here is the thing about your city assessment - it is a snapshot from months ago, built on data that is already old by the time it lands in your mailbox. The market does not wait for the city to catch up.
Right now, the average assessed value for a Brentwood house is $2,025,125. The average HonestDoor Price is $1,947,246. That is a gap of roughly $77,879 - or 3.85% lower than what the city has on the books. For condos, the assessed value averages $657,997, while the HonestDoor Price sits at $638,877 - again, 2.91% below the city's number.
What does that mean in plain language? If you are pricing a home based on your assessment, you may be starting from a number that does not reflect where buyers are actually willing to write cheques today. The HonestDoor Price updates in real time. It is the real-world check against a static government number. Before you list, before you refinance, before you even have a casual conversation with a realtor - look at your HonestDoor Price first.
One more thing worth noting: 1,570 houses and 2,271 condos were assessed in Brentwood this year. That is a large pool of properties where the assessed value and the real market value are quietly drifting apart. You want to know which side of that gap your property sits on.
The So What - If You Are Thinking About Selling This Summer
Selling in Brentwood this summer? Here is the straight talk.
For house sellers, the market is not on fire, but it is not broken either. Predicted values are creeping up, rental demand is strong at $6,752 per month estimated, and Brentwood still ranks above average in price across Burnaby. The window is open. But with only 5 total property transactions recorded in 2026 so far, this is a low-volume market. Low volume means pricing precision matters more than ever. Come in too high and you sit. Come in right and you move.
For condo sellers, the urgency is a bit higher. Values have dipped 2.02% recently and the predicted value is trending below the 3-month average. That is not a crash - it is a breather. But if you were planning to sell anyway, waiting for a rebound that may not come quickly is a risk. The rental yield of 3.58% is moderate, which means investors are not rushing in to absorb supply either.
Either way, the first move is the same: pull your HonestDoor Price, compare it to your assessment, and get a real number in your hands before you make any decisions. The city's assessment is not your selling price. The market is.
- House sellers: market is stable, volume is low, pricing precision is everything
- Condo sellers: values are softening, acting sooner may beat waiting
- Both: your HonestDoor Price is running below your assessed value - know the real number before you list
- Nearby comparison: Willingdon Heights and West Central Valley are both cheaper and growing slower - Brentwood still holds a price advantage
- Neighbourhood growth rank on the Burnaby leaderboard: 19th out of 36 for houses, 23rd out of 37 for condos
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.