Burnaby Heights, Burnaby - October 2026 Real Estate Report
Burnaby Heights Real Estate: What Your Neighbour Hasn't Told You Yet
If you've been watching the "For Sale" signs on Hastings Street and wondering what's actually going on with prices in Burnaby Heights, here's the straight story. The market is taking a breather - but not all property types are telling the same story.
The Vibe: Houses vs. Condos
We're living in a tale of two markets right now, and it matters which side of that line your property sits on.
Houses in Burnaby Heights
If you own a house here, you're sitting on serious value - but the momentum has slowed. The average sale price is sitting at $1,675,000, with a price per square foot of around $921. Only 2 houses sold recently, and the predicted market value of $1,904,228 is actually sliding below the 3-month moving average of $1,922,232. That's a -0.19% recent change in property values.
- Average HonestDoor Price: $1,898,351
- Average assessed value: $1,994,161
- HonestDoor Price is 4.80% below the city assessment
- Average sale price: $1,675,000
- Price per square foot: $921
- Estimated monthly rent: $6,553
- Rental yield: 3.80%
- Airbnb potential: $326 per night
- Neighbourhood growth: -0.05% year over year
- Growth rank: 31 out of 36 neighbourhoods in Burnaby - bottom tier
- Price rank: 8 out of 35 - well above average in price
- Total transactions in 2026: 6
On the neighbourhood leaderboard, houses here rank 31st out of 36 for growth. That's a honest number - we're not leading the pack right now. But flip it around: we rank 8th out of 35 for price. This is still a high-value pocket of Burnaby, even if appreciation has cooled off.
How do we stack up against neighbours? Capitol Hill houses are coming in at a HonestDoor Price of $1,951,928 and actually growing faster at -0.03% versus our -0.05%. Willingdon Heights and Maplewood are both cheaper and outpacing us on growth too. Worth knowing if you're comparing options.
Condos in Burnaby Heights
Here's where things get genuinely interesting. The condo picture looks different - and a bit unusual. The HonestDoor Price for condos is $1,734,523, which is up 4.25% from the previous period. That's a real positive move. But the recent property value change is -1.87%, and the predicted market value of $1,663,736 is dipping below the 3-month moving average of $1,667,931.
- Average HonestDoor Price: $1,734,523 (up 4.25%)
- Average assessed value: $725,670
- HonestDoor Price is 139.02% above the city assessment
- Average sale price: $416,500
- Price per square foot: $665
- Estimated monthly rent: $5,644
- Rental yield: 2.68%
- Airbnb potential: $280 per night
- Neighbourhood growth: -0.01% year over year
- Growth rank: 22 out of 37 - below average
- Price rank: 24 out of 26 - among the most affordable in Burnaby
- Total transactions in 2026: 3
On the condo leaderboard, we sit 22nd out of 37 for growth - below average, but not at the bottom. For price, we rank 24th out of 26, which puts Burnaby Heights condos among the most affordable options in the city. Compared to nearby Capitol Hill condos at $1,125,976 and Willingdon Heights at $953,107, our HonestDoor Price of $1,734,523 is actually the highest in the group - so the "affordable" ranking is relative to all of Burnaby, not just our immediate neighbours.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now
Here's the thing about your city assessment - it's a snapshot from the past. The assessed value for houses in Burnaby Heights is sitting at $1,994,161. But the HonestDoor Price is $1,898,351. That's a $95,810 gap, and it matters.
For condos, the gap is even more dramatic - but in the opposite direction. The city has condos assessed at $725,670. The HonestDoor Price is $1,734,523. That's a 139% difference. If you're a condo owner making any financial decision based on your tax assessment alone, you're working with a number that doesn't reflect reality.
The HonestDoor Price updates in real time, pulling from actual market activity. Your city assessment does not. With 1,729 houses and 555 condos assessed this year in Burnaby Heights, there's plenty of data to work with - but only one source is giving you today's number, not last year's.
The "So What?" - Thinking About Selling This Summer?
If you're a house owner considering listing this summer, here's the honest read. You're in a high-priced neighbourhood - top 8 in Burnaby - but growth has stalled and you're near the bottom of the leaderboard for momentum. With only 6 transactions recorded in 2026 so far, buyer competition is thin. That doesn't mean don't sell - it means price it right from day one. A house sitting on the market in a slow-transaction neighbourhood loses leverage fast.
Your HonestDoor Price of $1,898,351 is already 4.80% below what the city thinks your home is worth. If you list based on the assessed value, you may be setting yourself up for price reductions later. Start with the real-world number.
For condo owners, the story is more nuanced. The HonestDoor Price jumped 4.25% - that's a positive signal. But with only 3 condo transactions in 2026 and a rental yield of 2.68%, buyers are going to do the math. If you're selling, lean into the rental income story - $5,644 per month in estimated rent is a real number that resonates with investors.
Bottom line: Burnaby Heights is not a market to guess in right now. Check your HonestDoor Price, understand where you sit on the neighbourhood leaderboard, and make your move with current data - not a government assessment that's already out of date.
burnaby heights | burnaby | october 2026This 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.