Burnaby Heights, Burnaby - July 2026 Real Estate Report

Burnaby Heights Real Estate: What Your Neighbour Hasn't Told You Yet

If you own a home in Burnaby Heights and you're still looking at your BC Assessment notice to figure out what your place is worth, you're working with old information. Here's the real picture, right now.

The Vibe: Where Burnaby Heights Actually Sits

Burnaby Heights is holding its ground. The neighbourhood isn't setting any speed records, but it's not falling apart either. We're sitting in a market that's taking a breather - and that's not necessarily a bad thing if you know how to read it.

With 1,729 houses and 555 condos assessed this year, there's real depth here. Transaction volume is lean - only 3 property deals recorded in 2026 so far - but that tells us inventory is tight, not that demand has vanished. Our total transaction rank of 3rd in Burnaby actually signals we're one of the more active pockets in the city.

Houses: The Honest Numbers

• Average HonestDoor Price: $1,954,657
• Recent sale average: $1,573,000
• Price per square foot: $1,133
• Predicted market value: $1,931,362 - up from the 3-month average of $1,907,575
• Estimated monthly rent: $6,642 with a rental yield of 3.79%
• HonestDoor Price growth: up 1.21% from last period
• Neighbourhood growth: down 0.05% year over year
• Growth rank: 16 out of 36 neighbourhoods - above average in Burnaby
• Price rank: 23 out of 34 - below average in price, meaning we're still accessible compared to pricier Burnaby pockets

The predicted market value is climbing past its own 3-month average. That's a quiet signal that house values here are finding their footing again after a soft patch. The Airbnb potential sits at $333 per night, ranking 9th in Burnaby - not the top of the leaderboard, but solidly in the conversation.

Want a neighbour comparison? Capitol Hill houses are averaging $2,010,322 on HonestDoor - about $56,000 more than us - but their growth is also slowing. Willingdon Heights comes in at $1,812,195. We're priced between the two, which puts Burnaby Heights in a reasonable sweet spot for buyers who've been priced out of Capitol Hill.

Condos: A Different Story Worth Paying Attention To

• Average HonestDoor Price: $1,644,644
• Average assessed value: $725,670
• Recent sale average: $770,000
• Price per square foot: $790
• Predicted market value: $1,659,965 - up from the 3-month average of $1,625,947
• Estimated monthly rent: $5,554 with a rental yield of 2.69%
• HonestDoor Price change: down 0.92% from last period
• Growth rank: 27 out of 37 - below average in Burnaby
• Price rank: 4 out of 26 - among the most expensive condos in Burnaby

Here's the number that jumps out: the average condo assessed value is $725,670, but the HonestDoor Price is $1,644,644. That's a 126.64% gap. If you own a condo here and you're basing any financial decision on your assessment, you are leaving serious money on the table. The assessment is not the market. It's a snapshot from the past.

Condo growth is ranked 27th out of 37 comparable neighbourhoods - that's below average. But the price rank of 4th out of 26 tells us these units are still commanding premium prices. We're expensive and slow-growing right now. That's a combination that rewards patient sellers, not rushed ones.

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

BC Assessment values are calculated using data that's already months old by the time it lands in your mailbox. The market doesn't wait for paperwork. The HonestDoor Price pulls in real-time signals - recent sales, current demand, price-per-square-foot trends - and gives you a live read instead of a history lesson.

For houses in Burnaby Heights, the HonestDoor Price of $1,954,657 sits 1.98% below the average assessed value of $1,994,161. That gap matters. It means the assessment is running slightly hot compared to where the real market is trading. If you're a buyer, that's useful leverage. If you're a seller, it's a reality check worth having before you price your listing.

For condos, the story flips completely. The HonestDoor Price is dramatically higher than the assessed value. Any condo owner here who hasn't looked at their HonestDoor Price recently is genuinely underestimating what they own.

The So What: Thinking About Selling This Summer?

Here's the straight talk for anyone considering listing in Burnaby Heights before fall.

For house sellers: the predicted market value is trending upward, crossing $1,931,362 and climbing past its own 3-month average. That's a green light signal. You're not at the peak of the Burnaby leaderboard, but you're above average in growth rank and the rental income story - $6,642 per month estimated - gives buyers a strong investment case to lean on. Tight inventory means less competition on the street. That works in your favour.

For condo sellers: you're sitting in one of the most expensive condo markets in Burnaby by rank. But growth is below average right now and the recent HonestDoor Price dipped 0.92%. This isn't a panic moment - it's a timing conversation. If you need to sell this summer, price it sharp and lean on the income story. If you can wait, the predicted value of $1,659,965 is still climbing past its 3-month average, which suggests the dip may be short-lived.

Either way, the first step is the same: check your HonestDoor Price at honestdoor.com. It's free, it's current, and it's the number that actually reflects what a buyer would pay today - not what a government formula calculated last year.

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.