Burnaby Mountain, Burnaby - September 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 with prices, here's the straight story. The market here is taking a breather - but the details matter a lot depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos

Houses

We're sitting in an interesting spot. The average HonestDoor Price for a house on Burnaby Mountain is $1,126,848 - that's the real-world number. Recent sales are averaging $777,500, and price per square foot is running around $616. Values have dipped 1.48% recently, and the 3-month trend is pointing slightly downward from $1,168,053. It's not a freefall - it's a cooling.

On the neighbourhood leaderboard, our house growth ranks 17 out of 36 Burnaby neighbourhoods. That puts us in above-average territory. Not leading the pack, but not trailing either. For price, we rank 32 out of 35 - which means houses here are among the most affordable in Burnaby. That's actually a selling point for buyers who've been priced out elsewhere.

• Average HonestDoor Price: $1,126,848
• Recent average sale price: $777,500
• Price per sq ft: $616
• Estimated rent: $4,503 per month
• Rental yield: 4.68%
• Growth rank: 17 out of 36 in Burnaby
• Price rank: 32 out of 35 (one of the most affordable)
• Properties sold in 2026: 2

Condos

Our condo market is where us owners need to pay close attention. The average HonestDoor Price is $544,036 - and here's the kicker, that's actually 9.65% BELOW the average assessed value of $602,112. The city assessed us higher than what the real market is doing right now. The average sale price this month came in at $450,000, down 9.2% from last month, though only one unit sold so take that swing with a grain of salt.

On the leaderboard, condo growth ranks 29 out of 37 Burnaby neighbourhoods - below average. Price rank is 23 out of 26, making Burnaby Mountain condos some of the most affordable in the city. If you're a buyer, that's worth noting. If you're a seller, it means pricing sharp matters more than ever.

• Average HonestDoor Price: $544,036
• Average assessed value: $602,112 (HonestDoor Price is 9.65% lower)
• Recent average sale price: $450,000
• Price per sq ft: $736
• Estimated rent: $2,717 per month
• Rental yield: 3.74%
• Growth rank: 29 out of 37 in Burnaby
• Price rank: 23 out of 26 (among the most affordable)
• Properties sold in 2026: 26

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 data that's already old by the time it hits your mailbox. The market doesn't wait for paperwork.

For house owners, the HonestDoor Price of $1,126,848 is running 7.79% above the average assessed value. That gap is real money. If you're making any financial decision - refinancing, selling, even just knowing your net worth - using the assessed number leaves money on the table intellectually.

For condo owners, it flips the other way. The HonestDoor Price is 9.65% below the assessed value. That means the city thinks your unit is worth more than buyers are currently willing to pay. If you're pricing a condo to sell based on your assessment, you may be setting yourself up for a long, frustrating listing. The HonestDoor Price is your real-world check - use it.

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

If you own a house on Burnaby Mountain and you're thinking about listing this summer, the window is real but the margin for error is shrinking. Values are down 1.48% recently and the trend is softening. Neighbours in Glenayre and Harbour Heights are commanding $1.5M-plus - that's the competition for buyers with bigger budgets. Burnaby Mountain's affordability angle is your edge, but only if you price it right from day one.

If you own a condo, be honest with yourself about where the market is. One sale at $450,000 this month, a growth rank of 29 out of 37, and a HonestDoor Price sitting below the city's assessment - that combination tells you this is a buyer's market for condos right now. That doesn't mean don't sell. It means go in with clear eyes, a sharp price, and don't anchor to what BC Assessment told you in January.

Bottom line - whether you're a house or condo owner on Burnaby Mountain, check your HonestDoor Price before you make any move. It's updated in real time, and right now, it's telling a very different story than the government assessment sitting in your filing cabinet.

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.