Burnaby Mountain, Burnaby - July 2026 Real Estate Report

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

If you own property on Burnaby Mountain and you're still looking at your city assessment to figure out what your place is worth, you're working with old information. Here's the real picture, broken down straight.

The Vibe: Houses vs. Condos in Burnaby Mountain

We've got two pretty different stories playing out up here right now, depending on what you own.

Houses are holding their ground. The average sale price sits at $777,500, with a price per square foot around $616. Only 2 homes sold so far in 2026, but the predicted market value is $1,180,084 - and that number is actually climbing, up from a 3-month moving average of $1,162,368. That's a 2.24% recent change in value. On the neighbourhood leaderboard, our houses rank 3rd out of 36 in Burnaby for growth rate. That puts us near the top of the city. Rental potential is strong too, with an estimated $4,578 per month and a yield of 4.65%.

Condos are a different conversation. The average sale price is $545,000, with price per square foot around $667. Three condos sold recently, and the predicted market value is $568,567 - slightly up from the 3-month moving average of $565,805. Growth is modest at 0.68%, and on the leaderboard, condos rank 22nd out of 37 in Burnaby for growth. That's below average. Rental income is estimated at $2,790 per month with a 3.70% yield - moderate, but not a standout number. Condo values are also down 3.26% from the previous period, so if you own a condo here, that's worth paying attention to.

• House predicted value: $1,180,084 (up from 3-month average of $1,162,368)
• House growth rank: 3rd out of 36 in Burnaby - top performer
• House rental estimate: $4,578/month, yield 4.65%
• Condo predicted value: $568,567
• Condo growth rank: 22nd out of 37 in Burnaby - below average
• Condo rental estimate: $2,790/month, yield 3.70%
• Condo values down 3.26% from previous period

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

Here's the thing about your city assessment - it's a snapshot from months ago, calculated using a formula that doesn't know your renovated kitchen or the fact that the market moved since last July. It's a tax tool, not a selling tool.

The HonestDoor Price is updated in real time using actual market data. For houses on Burnaby Mountain, the average HonestDoor Price is $1,170,689. The city's average assessed value is $1,045,445. That's a gap of nearly $125,000. If you're basing any financial decision on the assessment alone, you're potentially leaving a six-figure number on the table.

For condos, the story flips. The average HonestDoor Price is $550,019, which is actually 8.65% lower than the average assessed value of $602,112. That means some condo owners here may be paying property tax on a value that's higher than what the market would actually pay today. That's the kind of real-world check that matters when you're planning your next move.

• House HonestDoor Price: $1,170,689 - that's $125,244 above the city assessment
• Condo HonestDoor Price: $550,019 - that's 8.65% below the city assessment
• 404 house properties assessed this year
• 2,335 condo properties assessed this year

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

If you own a house on Burnaby Mountain and you've been sitting on the fence, the data is nudging you toward action. We're ranked near the top of Burnaby for growth, values are trending up, and the HonestDoor Price is well above what the city thinks your home is worth. Nearby neighbourhoods like Glenayre ($1,625,177) and Harbour Heights ($1,618,414) are priced significantly higher, which tells us there's still room for Burnaby Mountain houses to run. Summer inventory tends to be competitive - listing while demand is present and your growth rank is strong makes sense.

If you own a condo, take a breath before rushing to list. Values are down 3.26% from the previous period, and the growth rank puts us in the bottom half of Burnaby. That doesn't mean it's a bad time to sell - it means you need to price it right. The HonestDoor Price of $550,019 is your anchor, not the assessment. Nearby Harbour Heights condos are selling around $615,000, so presentation and pricing strategy matter more here than timing alone.

Bottom line - whether you're a house owner sitting on a strong asset or a condo owner navigating a softer stretch, check your HonestDoor Price first. It's the number that actually reflects what's happening on the street right now, not what a government formula decided last fall.

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.