Brentwood, Burnaby - September 2026 Real Estate Report

Brentwood, Burnaby Real Talk: Your Home Is Worth Less Than the City Thinks

If you have been eyeing your latest property assessment and feeling pretty good about yourself, here is a reality check. The city says your Brentwood home is worth one thing. The actual market is saying something a little different - and the gap matters if you are thinking about making a move.

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 here.

Houses - Holding Steady, But Watch the Trend

We are seeing houses in Brentwood sit at an average sale price of $1,685,333, with price per square foot coming in around $1,102. Only 3 houses sold recently, which is a thin slice of data, but the number is holding flat from last month. That is not a crash - it is a market catching its breath.

The number that deserves your attention is the predicted market value of $1,954,924. That figure is already sliding below the 3-month moving average of $1,976,724, and values have dipped 1.82% recently. The direction is downward, even if the pace is slow.

• Average sale price: $1,685,333
• Price per square foot: $1,102
• Predicted market value: $1,954,924
• 3-month moving average: $1,976,724
• Recent value change: -1.82%
• Estimated monthly rent: $6,689
• Rental yield: 3.70%
• Growth rank: 25 out of 36 neighbourhoods in Burnaby

That growth rank is the one to flag. Sitting at 25 out of 36 puts Brentwood houses in the below-average tier on the Burnaby neighbourhood leaderboard right now. Not last place, but not a podium finish either.

Condos - A Softer Market With a Silver Lining

Our condo market is a bit more active - 4 sales recently, with an average sale price of $631,250 and price per square foot around $798. Values have nudged up 0.26% recently, which is basically flat, but at least the arrow is pointing the right way.

The trickier story is the HonestDoor Price dropping 2.02% from the previous period. That is a signal worth paying attention to. And if you are comparing us to the neighbours, Willingdon Heights condos are selling at $707,333 on average - about $76,000 more than what we are seeing in Brentwood right now.

• Average sale price: $631,250
• Price per square foot: $798
• Predicted market value: $650,841
• 3-month moving average: $652,869
• Recent value change: +0.26%
• Estimated monthly rent: $3,093
• Rental yield: 3.55%
• Growth rank: 24 out of 37 neighbourhoods in Burnaby

Condos land at 24 out of 37 on the Burnaby growth leaderboard. Below average, but the price rank tells a better story - 13 out of 26, which puts Brentwood condos above average in price compared to the rest of Burnaby.

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

Here is the thing about your city assessment. It is a snapshot frozen in time. The assessed value for houses in Brentwood is sitting at $2,025,125. For condos, it is $657,997. Those numbers sound solid on paper.

But the HonestDoor Price - which updates in real time using actual market activity - tells a different story. Houses are coming in at $1,980,308, which is 2.21% below that assessed value. Condos are at $637,689, sitting 3.09% below assessment.

That gap is not just a rounding error. On a house, we are talking about a $44,817 difference between what the city thinks your home is worth and what the market is actually signalling. If you are pricing a listing based on your assessment alone, you could be setting yourself up for a longer sit on the market and a frustrating negotiation.

The HonestDoor Price is your real-world check. Use it.

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

If selling is on your radar, here is the straight talk.

For house sellers, the window is not closed, but it is not wide open either. Values are drifting down from the 3-month average, and with only 5 total property transactions recorded in Brentwood in 2026 so far, this is a low-volume market. Low volume means less competition from other sellers, which is good - but it also means fewer buyers are actively shopping. Pricing sharp and pricing accurately from day one is everything right now.

For condo sellers, the comp that should keep you up at night is Willingdon Heights. Buyers who do their homework will notice that condos just up the road are selling for more. You need a reason for a buyer to choose Brentwood over a neighbouring option - and that reason usually comes down to price.

On the rental side, if selling is not the move, holding a house and renting it out at an estimated $6,689 per month with a 3.70% yield is a reasonable play. Condos at $3,093 per month and a 3.55% yield are in the same moderate-returns territory.

Bottom line - Brentwood is not in freefall. But it is not a seller's paradise right now either. Know your real number, price it right, and move with the market instead of against it.

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.