Cariboo-Armstrong, Burnaby - October 2026 Real Estate Report
Cariboo-Armstrong, Burnaby: Your Home Is Worth More Than the City Thinks - Or Is It?
If you live in Cariboo-Armstrong and you have been glancing at your latest BC Assessment notice, here is the honest truth: that number is already old. The city assessed the average home here at $1,670,662. But right now, the HonestDoor Price is sitting at $1,640,453 - about $30,000 lower. That gap matters, especially if you are thinking about listing this summer.
The Vibe: What Is Actually Happening on Our Streets
Cariboo-Armstrong is a neighbourhood of 1,751 assessed properties, and the market is sending mixed signals depending on what you own. Here is how houses and condos are playing out differently for us right now.
Houses: Holding Steady With Some Upside
Houses here are in a pretty solid spot. The predicted market value for a house is $1,679,434, and that number is actually climbing - it is up from the 3-month moving average of $1,663,891. That is a 1.99% recent change, which puts us at rank 14 out of 36 comparable Burnaby neighbourhoods for growth. That is above average. Not top of the leaderboard, but we are not at the back of the pack either.
- Average sale price: $1,438,000
- Price per square foot: $927
- Predicted market value: $1,679,434
- Estimated monthly rent: $6,001
- Rental yield: 3.94%
- Price rank in Burnaby: 16 out of 35 - above average
- Growth rank in Burnaby: 14 out of 36 - above average
One thing worth noting - only 1 house sold recently. Low transaction volume means each sale carries a lot of weight in how the numbers move. Do not read too much into a single data point, but do pay attention to the trend.
Condos: Taking a Breather
Condos are a different story. The average HonestDoor Price for a condo here is $966,519, which is up a tiny 0.31% from last period - so not falling off a cliff. But the predicted value of $963,559 is actually dipping below the 3-month moving average of $967,439. Values have shifted by -1.73% recently, and our growth rank sits at 19 out of 37 Burnaby neighbourhoods. That puts us in below-average territory on the leaderboard right now.
- Average HonestDoor Price: $966,519
- Predicted market value: $963,559
- Estimated monthly rent: $4,120
- Rental yield: 2.94%
- Airbnb rank in Burnaby: 10
- Growth rank in Burnaby: 19 out of 37 - below average
If you own a condo here, the rental yield of 2.94% is moderate - it is not a screaming buy for investors, but it is not a disaster either. The Airbnb rank of 10 in Burnaby is actually decent, which means short-term rental potential is a real conversation worth having.
The Secret Sauce: Why You Should Check Your HonestDoor Price Today
Here is the thing about BC Assessment - it is a snapshot from July 1 of the previous year. By the time that notice hits your mailbox, the market has already moved. The HonestDoor Price is updated in real time using actual sales data, so it reflects what buyers are willing to pay right now - not what they were willing to pay 12 months ago.
In Cariboo-Armstrong, the average assessed value is $1,670,662. The HonestDoor Price is $1,640,453. That is a 1.81% difference. For a home in this price range, that gap is roughly $30,000. If you are pricing a listing based on your assessment alone, you could be starting the conversation in the wrong place entirely.
Think of the HonestDoor Price as your real-world check - the number that accounts for what has actually happened in the market since the city last looked at your property.
The So What: Should You Sell This Summer?
If you own a house in Cariboo-Armstrong, the timing is not bad. Values are trending up, we rank above average for growth in Burnaby, and the predicted value is higher than the 3-month average. That is a decent setup for a summer listing. With only 9 total transactions in 2026 so far, inventory is tight - and tight inventory usually works in a seller's favour.
If you own a condo, the picture is a bit more cautious. Values are softening slightly and growth is below average right now. That does not mean you should not sell - it means you need to price it right from day one. An overpriced condo in a softening segment will just sit there.
Either way, the move right now is to pull up your HonestDoor Price before you do anything else. It is the most current read on what your home is actually worth - not what the government guessed it was worth last summer.
How We Stack Up Against the Neighbours
For context, here is how Cariboo-Armstrong compares to the streets around us.
- Victory Heights - HonestDoor Price $1,576,042, rental estimate $5,735, growth -0.02% - cheaper than us and growing slightly faster
- Second Street - HonestDoor Price $1,828,514, rental estimate $6,387, growth -0.03% - more expensive than us but also declining faster
We are sitting in the middle of the pack on price, which is actually a comfortable spot. Not the cheapest option for buyers, but not the most expensive either. That balance tends to keep demand steady.
cariboo-armstrong | burnaby | october 2026This 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.