Cape Horn, Burnaby - September 2026 Real Estate Report

Cape Horn Real Talk: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you've been watching the "For Sale" signs in Cape Horn, here's what's actually happening. The market is holding steady on houses, taking a small breather on condos, and the numbers tell two very different stories depending on what you own.

Houses - Holding Strong

Cape Horn houses are doing well. The average sale price sits at $1,570,000, with 5 homes changing hands last month. That's solid, consistent activity for a neighbourhood our size.

• Average sale price: $1,570,000
• Price per square foot: $797
• HonestDoor predicted value: $1,496,814
• 3-month moving average: $1,507,342
• Estimated monthly rent: $5,446
• Rental yield: 4.13%
• Growth rank: 3 out of 13 neighbourhoods in Coquitlam
• Price rank: 4 out of 12 neighbourhoods in Coquitlam

That growth rank is the number to pay attention to. Out of 13 comparable Coquitlam neighbourhoods, we sit at number 3. That puts Cape Horn houses in the top tier of the local leaderboard. We also beat out nearby Maillardville, where predicted values come in at $1,212,010 - a gap of nearly $285,000 in our favour.

The predicted value is dipping slightly below the 3-month average, so we're not in a runaway market. But "steady and above average" is exactly where you want to be if you're a homeowner here.

Condos - A Different Story

Condos in Cape Horn are taking a breather. Sales are thin - 2 units moved last month - and the numbers reflect a softer stretch right now.

• Average sale price: $405,500
• Price per square foot: $588
• HonestDoor predicted value: $543,857
• 3-month moving average: $551,700
• Recent value change: -1.48%
• Estimated monthly rent: $2,630
• Rental yield: 3.76%
• Growth rank: 9 out of 13 neighbourhoods in Coquitlam
• Price rank: 8 out of 9 - among the most affordable in Coquitlam

A growth rank of 9 out of 13 puts condo owners in below-average territory on the neighbourhood leaderboard right now. Values are down 1.48% recently, and the predicted value is sliding below the 3-month average. If you own a condo here and have been thinking about selling, that trend is worth watching closely.

The one bright spot - Cape Horn condos still edge out nearby Mayfair-Pacific Reach, where predicted values sit at $539,260. We're affordable, but we're not the cheapest option around, which matters for resale positioning.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your BC Assessment notice. It reflects a snapshot from July 1 of the previous year. By the time it lands in your mailbox, it's already old news. The market has moved. Rates have shifted. Buyer demand has changed.

The HonestDoor Price is a real-world check updated in real time. For Cape Horn house owners, that predicted value of $1,496,814 is the number that reflects what a buyer would actually pay today - not what the city calculated 12 months ago. That gap between your assessment and your HonestDoor Price can mean tens of thousands of dollars you're either leaving on the table or overpaying in property tax disputes.

Check your HonestDoor Price now. Don't wait for a piece of paper that's already out of date.

The So What - Thinking About Selling This Summer?

For house owners, the timing is reasonable. We're ranked 3rd in Coquitlam for growth, prices are above the neighbourhood average, and buyers looking in this price range are comparing us against spots like Maillardville where they get significantly less for their money. That's a real selling point.

For condo owners, be honest with yourself about the data. Values are slipping, sales volume is low, and sitting at rank 9 of 13 for growth means you're not in a position of strength right now. If you need to sell this summer, price it sharp. If you can wait, watch the next 60 to 90 days before committing.

Either way, start with your HonestDoor Price. It's the most current number you have - and in a market like this, current is everything.

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.