Cameron, Burnaby - July 2026 Real Estate Report

Cameron, Burnaby Real Estate Update: The Numbers Your Assessment Isn't Telling You

If you own a home in Cameron and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment is already old news - and the gap between what the government thinks your place is worth and what the market actually says might surprise you.

The Vibe: What's Happening in Cameron Right Now

Cameron is a neighbourhood of two stories right now, and they're pretty different depending on whether you own a house or a condo. Here's the honest breakdown for us locals.

Houses: Quietly Outperforming

If you own a house in Cameron, here's something worth knowing - we're sitting near the top of the Burnaby growth leaderboard. House values rank 2nd out of 36 comparable neighbourhoods for growth. That's not a typo. For price, we rank 30th out of 34, which means Cameron houses are still among the more affordable options in the city. That combination - affordable and growing fast - is exactly what buyers are hunting for right now.

• Average HonestDoor Price: $979,949
• Predicted Market Value: $991,677
• 3-Month Moving Average: $964,546 (values are climbing)
• Recent Average Sale Price: $820,000
• Price Per Square Foot: $621
• Estimated Monthly Rent: $4,137
• Rental Yield: 4.78%
• Recent Value Change: up 2.25%
• Properties Sold in 2026: 2

The predicted value of $991,677 is already climbing past the 3-month average of $964,546. That upward momentum matters. It also puts Cameron houses slightly ahead of nearby Lyndhurst, where the predicted value sits at $941,082. For anyone thinking about timing a sale, that trajectory is a good sign.

Condos: Taking a Breather

The condo side of Cameron is a different conversation. Values have dipped, and the growth rank of 26th out of 37 neighbourhoods tells us we're in the bottom half of Burnaby for condo momentum right now. The average sale price dropped 6.7% last month to $485,000, and the HonestDoor Price of $517,946 is actually 6.30% below the average assessed value. That's a meaningful gap - and not in the direction condo owners want to see.

• Average HonestDoor Price: $517,946 (down 1.63% from last period)
• Average Assessed Value: $552,750
• Predicted Market Value: $526,551
• 3-Month Moving Average: $525,177
• Recent Average Sale Price: $485,000
• Price Per Square Foot: $546
• Estimated Monthly Rent: $2,625
• Rental Yield: 3.79%
• Properties Sold in 2026: 20

The one upside for condo owners - transaction volume is real. Twenty sales in 2026 gives Cameron condos a total transaction rank of 5th in Burnaby. Buyers are still showing up. The market isn't frozen, it's just repricing.

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

Here's the thing about your city assessment - it's a snapshot from months ago, built on formulas that don't know your renovated kitchen or the new park down the street. It's a tax document, not a market price.

The HonestDoor Price is updated in real time using actual sales data, current market signals, and what buyers are genuinely paying right now. For Cameron houses, that means a price of $979,949 - sitting 3.81% above the average assessed value. The assessment is already undervaluing what houses here are actually worth in today's market.

For condo owners, the HonestDoor Price is telling a harder truth - at $517,946, it's running 6.30% below the assessed value. If you're planning to sell based on what the city assessed your unit at, you may be in for a reality check at the negotiating table. Better to know now than after you've listed.

Think of the HonestDoor Price as the real-world check your assessment can't give you. It's the number a serious buyer is actually working with.

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

If you own a house in Cameron and you're weighing a summer sale, the data is working in your favour. Values are trending up, the growth rank is elite (2nd out of 36 - that's a neighbourhood leaderboard win), and Cameron is still priced below most of Burnaby, which keeps buyer interest strong. Inventory is tight - only 2 sales recorded in 2026 - so a well-priced listing has room to move.

If you own a condo, summer 2025 calls for a clear-eyed strategy. The market is softer, and pricing above where buyers are landing will cost you time. The HonestDoor Price of $517,946 is your anchor - not the assessed value of $552,750. List sharp, and you'll find the buyers who are clearly still active here.

Either way, the smartest first move is checking your current HonestDoor Price at HonestDoor.com before you call an agent. Know your number before anyone else in the room does.

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.