Capitol Hill, Burnaby - July 2026 Real Estate Report

Capitol Hill, Burnaby: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been watching the "For Sale" signs on Capitol Hill and wondering what's actually going on with prices, here's the straight answer: the market is holding steady at a high level, but the city's assessment number is not the whole story. In fact, for condo owners, it's barely half the story.

The Vibe: Houses vs. Condos in Capitol Hill

Let's break down what we're actually dealing with in our neighbourhood right now.

Houses

• Average HonestDoor Price: $2,010,322
• Average sale price: $1,780,000
• Price per square foot: $1,110
• Predicted market value: $2,011,319 - up from the 3-month average of $1,999,396
• Estimated monthly rent: $6,847 with a rental yield of 3.71%
• Airbnb potential: $340 per night - ranked 7th in Burnaby
• Recent value change: -1.07%
• Growth rank: 27 out of 36 neighbourhoods in Burnaby
• Price rank: 2 out of 34 - we are near the top of the Burnaby leaderboard for home values

Houses here are holding their ground near the $2 million mark. The predicted value is actually ticking upward against the 3-month trend, which tells us the floor is firm. We are not in freefall - we are taking a breather. The growth rank of 27 out of 36 is honest: Capitol Hill is not the fastest-moving market in Burnaby right now, but it is one of the most expensive, and that matters when you are thinking about what your home is actually worth.

Condos

• Average HonestDoor Price: $1,160,654
• Average assessed value: $597,276
• Average sale price: $508,500
• Price per square foot: $628
• Predicted market value: $1,181,436 - up from the 3-month average of $1,169,121
• Estimated monthly rent: $4,149 with a rental yield of 3.33%
• Airbnb potential: $205 per night - ranked 10th in Burnaby
• Recent value change: -1.49%
• Growth rank: 32 out of 37 neighbourhoods in Burnaby
• Price rank: 21 out of 26 - among the more affordable condo options in Burnaby

The condo picture is where things get really interesting for us. The city's assessed value sits at $597,276. The HonestDoor Price is $1,160,654. That is a gap of over 94%. If you are a condo owner relying on your tax assessment to understand what your unit is worth, you are working with a number that is essentially cut in half. The predicted value is also moving upward against its 3-month average, so even with a recent dip, the direction is positive.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here is the thing about government assessments - they are a snapshot from months ago, built on broad formulas that do not know your street, your renovations, or what sold two blocks over last Tuesday. They are useful for calculating your tax bill. They are not useful for understanding what a buyer would actually pay you today.

The HonestDoor Price is a real-time check on that number. It pulls in current sales data, market movement, and neighbourhood-level signals to give you a live read on your property's value. For Capitol Hill condo owners, the difference between the two numbers is not a rounding error - it is nearly $563,000. That is not a small thing to leave sitting on the table because you assumed the city's number was close enough.

Even for house owners, where the gap between the assessed value and the HonestDoor Price is tighter, the predicted value of $2,011,319 is trending upward. The assessment is static. The HonestDoor Price moves with the market. That is the one you want to know.

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

If selling is on your mind, here is what the data is telling us right now.

• Capitol Hill houses rank 2nd out of 34 neighbourhoods in Burnaby for price - buyers who want this area know they are paying for it
• Transaction volume is low - only 2 sales recorded in 2026 so far - which means less competition from other sellers if you list
• The predicted value for houses is rising against its 3-month average, suggesting the market has not peaked and walked away
• Nearby Lochdale is pricing slightly higher at $2,028,803 for houses, so there is room in the market for Capitol Hill homes to hold strong
• For condos, the growth rank of 32 out of 37 is a signal that momentum is slower here - pricing sharply and marketing well matters more than waiting for a rising tide

The short version: if you own a house on Capitol Hill, you are sitting on one of Burnaby's most valuable addresses and the predicted value is moving in the right direction. If you own a condo, the market is softer on growth but your real-world value is likely far higher than your last assessment suggested. Either way, the first move is knowing your actual number - not the city's number. Check your HonestDoor Price, then have the conversation.

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.