Cariboo-Armstrong, Burnaby - August 2026 Real Estate Report

Cariboo-Armstrong, Burnaby: Your Home Is Worth More Than You Think - Or Is It?

If you live in Cariboo-Armstrong and you have not checked your HonestDoor Price lately, now is the time. The city's assessment and what buyers will actually pay are telling two different stories right now - and the gap matters if you are thinking about making a move.

The Vibe: What Is Actually Happening on Our Streets

Let's break it down by property type, because houses and condos are on completely different paths in our neighbourhood right now.

Houses - Taking a Breather

Our detached homes are in a holding pattern. The average sale price sits at $1,670,000, and the HonestDoor Price is $1,646,631 - down 1.14% from last period. That is not a crash. That is the market catching its breath after a long run.

• Average Sale Price: $1,670,000
• HonestDoor Price: $1,646,631 (down 1.14%)
• Price Per Square Foot: $721
• Predicted Market Value: $1,665,607
• 3-Month Moving Average: $1,667,716 (values are drifting slightly below this)
• Estimated Monthly Rent: $5,965
• Rental Yield: 3.95%
• Properties Sold in 2026: 3 homes
• Neighbourhood Leaderboard - Growth Rank: 12 out of 36 in Burnaby (above average)
• Neighbourhood Leaderboard - Price Rank: 13 out of 35 in Burnaby (above average)

Three sales is a thin market. Low volume means each sale carries more weight in setting the price floor. If you are a seller, that cuts both ways - one strong sale lifts everyone, one weak one drags the average down fast. The good news is we rank above average on both growth and price in Burnaby. We are not leading the pack, but we are solidly in the top half.

Condos - The Surprise Winner

Here is where it gets interesting. While houses are cooling, our condos are quietly climbing. The HonestDoor Price for condos is up 2.33% from last period, and the predicted market value of $958,217 is trending above the 3-month moving average of $947,265. That is momentum.

• HonestDoor Price: $980,541 (up 2.33%)
• Predicted Market Value: $958,217
• 3-Month Moving Average: $947,265 (values are climbing above this)
• Estimated Monthly Rent: $4,108
• Rental Yield: 2.95%
• Recent Value Change: +2.01%
• Neighbourhood Leaderboard - Growth Rank: 1 out of 37 in Burnaby
• Airbnb Rank in Burnaby: 11th

That growth rank is not a typo. Number one out of 37 neighbourhoods in Burnaby for condo growth. If you own a condo in Cariboo-Armstrong right now, you are sitting at the top of the leaderboard. That is a real edge if you are thinking about selling or refinancing.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here is the problem with the city's assessed value. It is a snapshot from months ago. The assessment for houses in Cariboo-Armstrong is $1,670,662 - but the HonestDoor Price today is $1,646,631. That is a $24,000 gap. If you are pricing a listing based on your assessment, you could be starting the conversation in the wrong place.

The HonestDoor Price pulls in real-time market signals - recent sales, current demand, price trends in the neighbourhood right now. It is not waiting for the government's annual update cycle. For condos, there is no assessed value comparison provided here, but with a 2.33% jump in one period, any static number from earlier this year is already out of date.

Think of the assessment as last season's weather forecast. The HonestDoor Price is what it actually looks like outside right now.

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

If you own a house in Cariboo-Armstrong, the market is not running away from you, but it is not waiting forever either. Values are slightly below the 3-month moving average, and with only 3 sales on the board so far in 2026, competition among sellers is low. That is actually a decent window - less noise, more serious buyers.

If you own a condo, the timing looks even better. You are in the number one growth neighbourhood in Burnaby right now. Buyers looking at nearby options like Victory Heights ($915,569) will find your unit priced higher - but the growth data backs it up. Second Street condos average $1,372,727, so there is still room above us in the market, which means Cariboo-Armstrong condos look like solid value to buyers who have been priced out of the pricier pockets.

Either way, the move right now is simple. Pull your HonestDoor Price before you call an agent, before you set an asking price, and before you assume the city's assessment tells the whole story. It does not. Your HonestDoor Price does.

• 1,751 properties assessed in Cariboo-Armstrong this year
• Total transaction rank in Burnaby: 4th - meaning we are one of the more active neighbourhoods for actual sales volume
• Average Airbnb potential for houses: $294 per night
• Average Airbnb potential for condos: $207 per night
• House rental estimate: $5,916 per month
• Condo rental estimate: $4,163 per month

Cariboo-Armstrong is not the flashiest name in Burnaby real estate conversations right now. But the data says we should be. Especially if you own a condo.

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.