Burnaby Mountain, Burnaby - October 2026 Real Estate Report
Burnaby Mountain Real Estate: What Your Neighbour Isn't Telling You
If you've been watching the "For Sale" signs on Burnaby Mountain and wondering what's actually going on, here's the straight story. The market here is taking a breather - but the picture looks very different depending on whether you own a house or a condo.
The Vibe: Houses vs. Condos
Let's break it down for us locals, because these two property types are telling completely different stories right now.
Houses
We're in slow-moving territory. Only 2 houses sold in 2026 so far, and the average sale price sits at $777,500 at roughly $616 per square foot. The HonestDoor Price for houses lands at $1,126,848 - but that number is sliding. It's down from a 3-month moving average of $1,150,308, and values have dipped 2.30% recently.
- Average HonestDoor Price: $1,113,180
- Average assessed value: $1,045,445
- HonestDoor Price is 6.48% above the city assessment
- Estimated rent: $4,386 per month
- Rental yield: 4.71%
- Growth rank: 35 out of 36 neighbourhoods in Burnaby - bottom of the leaderboard
- Price rank: 33 out of 35 - among the most affordable in Burnaby
On the neighbourhood leaderboard, houses here rank 35th out of 36 for growth. That's a number worth sitting with. Nearby Glenayre is pricing at $1,587,751 and Harbour Heights at $1,539,698 - both significantly higher and holding steadier. If you own a house on Burnaby Mountain, the gap between you and your neighbours to the west is wide and worth paying attention to.
Condos
Condos here are a different conversation. We have far more activity - 30 transactions in 2026 and 2,335 assessed properties. That's real volume. The HonestDoor Price for condos is $544,036, with a 3-month moving average of $548,002, so values are easing slightly - down 1.08% recently and 0.61% from the previous period.
- Average HonestDoor Price: $540,737
- Average assessed value: $602,112
- HonestDoor Price is 10.19% BELOW the city assessment
- Average sale price: $350,000 (down 8.5% from last month)
- Price per square foot: $612
- Estimated rent: $2,681 per month
- Rental yield: 3.75%
- Growth rank: 11 out of 37 neighbourhoods - above average on the leaderboard
- Price rank: 25 out of 26 - among the most affordable in Burnaby
Here's the interesting part for condo owners: the growth rank of 11th out of 37 puts Burnaby Mountain condos in above-average territory compared to the rest of Burnaby. Nearby Lyndhurst condos are pricing at $960,668 - nearly double. That affordability gap could actually work in your favour if buyers priced out of other neighbourhoods start looking your way.
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 months ago, built on old data, and it doesn't move when the market does. Right now, that gap is costing some Burnaby Mountain owners real money in how they price and position their homes.
For house owners, the HonestDoor Price of $1,113,180 is already 6.48% higher than the city's assessed value of $1,045,445. If you're leaning on that assessment to gauge what your home is worth, you're leaving a meaningful chunk of equity on the table before you even start a conversation with a buyer.
For condo owners, the story flips - and it's actually more urgent. The HonestDoor Price of $540,737 is 10.19% BELOW the city assessment of $602,112. That means the city thinks your condo is worth more than the real-world market currently supports. Pricing based on that assessment could mean your listing sits while buyers walk past it.
The HonestDoor Price updates in real time. Your tax assessment does not. That difference is the whole ballgame right now.
The "So What?" - Thinking About Selling This Summer?
If you're a house owner on Burnaby Mountain and you're thinking about listing this summer, the honest answer is: timing matters more than usual right now. Values are sliding - down 2.30% recently - and sitting at the bottom of Burnaby's growth leaderboard at 35th out of 36 is not a position that rewards waiting. Getting ahead of further softening is worth a serious conversation.
If you own a condo, the calculus is a bit more nuanced. You're in a more active market with better relative growth standing - 11th out of 37 is respectable. But that recent 8.5% drop in average sale price is a signal to watch. Summer could bring more buyers into the market, but pricing sharp and realistic from day one beats chasing the market down.
Either way, the move right now is to check your HonestDoor Price - not your assessment notice - before you make any decisions. One of those numbers reflects what a buyer would actually pay today. The other one is just paperwork.
burnaby mountain | 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.