Cariboo-Armstrong, Burnaby - September 2026 Real Estate Report

Cariboo-Armstrong, Burnaby: Your Neighbour Just Got a Surprise on Their Assessment Notice

If you own a home in Cariboo-Armstrong and you have not checked your HonestDoor Price lately, now is the time. The city's assessment is one number. What your property is actually worth right now is another. And in this neighbourhood, those two numbers are starting to tell different stories depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos - Not the Same Market Right Now

Let's be straight with each other. Houses and condos in Cariboo-Armstrong are moving in opposite directions, and if we treat them the same, we are leaving money on the table.

Houses: The average sale price is sitting at $1,585,000, with price per square foot around $777. Three properties sold recently - essentially flat from the month before. The predicted market value for houses is $1,646,631, but that number is drifting slightly below the 3-month moving average of $1,659,378. Values have shifted by -1.14% recently. This is not a crash - it is a market taking a breather. On the neighbourhood leaderboard, our house growth ranks 14 out of 36 in Burnaby, which puts us in above-average territory. Price rank is 13 out of 35 - also above average. We are not leading the pack, but we are not chasing it either.

• Average sale price: $1,585,000
• Price per square foot: $777
• Predicted market value: $1,646,631
• 3-month moving average: $1,659,378
• Estimated rent: $5,916 per month
• Rental yield: 3.97%
• Growth rank: 14 out of 36 in Burnaby
• Price rank: 13 out of 35 in Burnaby

Condos: This is where the story gets more interesting for us. The predicted condo value is $980,541 and it is actually climbing - up from a 3-month moving average of $959,366. Recent value change is +2.33%. That is real upward momentum. Growth rank for condos also sits at 14 out of 37 in Burnaby - above average. The average HonestDoor Price for condos is $963,559, though that is down 1.73% from the previous period, so the short-term dip and the longer trend are worth watching together. Estimated rent for condos comes in at $4,163 per month with a rental yield of 2.92%.

• Average HonestDoor Price (condos): $963,559
• Predicted market value: $980,541
• 3-month moving average: $959,366
• Recent value change: +2.33%
• Estimated rent: $4,163 per month
• Rental yield: 2.92%
• Airbnb rank in Burnaby: 10th
• Growth rank: 14 out of 37 in Burnaby

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

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of last year. The market has moved since then - sometimes a little, sometimes a lot. For houses in Cariboo-Armstrong, the average assessed value is $1,670,662. The average HonestDoor Price is $1,679,434. That is a gap of about $8,772 - and the HonestDoor Price is already up 1.99% from the previous period.

That 0.53% difference over the assessed value might sound small, but on a $1.67 million property, it is real money. The HonestDoor Price updates in real time using actual market activity. Your assessment does not. If you are making any decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that reflects what is actually happening on the street, not what happened 12 months ago in a government spreadsheet.

With 1,751 properties assessed in the neighbourhood and only 8 transactions recorded in 2026 so far, the market here is not flooded with listings. That matters. Scarcity keeps prices supported even when growth slows.

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

If you are a house owner eyeing a summer sale, here is the honest read. Values are slightly off their recent peak - that -1.14% recent change is worth noting. But our price rank of 13 out of 35 in Burnaby means buyers still see Cariboo-Armstrong as a premium address. Compared to nearby Second Street, our predicted house value of $1,646,631 is well ahead of their $1,372,727. We have a real price advantage over the neighbours.

The rental story also works in your favour if you are not in a rush. At $5,916 per month estimated rent and a 3.97% rental yield, holding makes financial sense while you wait for the right offer. Airbnb potential adds another layer - houses in this neighbourhood rank 20th in Burnaby for short-term rental income, with an average of $298 per night.

For condo owners, the momentum is actually pointing up right now. The predicted value is climbing above the 3-month average. If you have been sitting on the fence, the data suggests the window for a strong sale is open - but keep watching, because the HonestDoor Price dipped 1.73% in the short term. Timing still matters.

Bottom line - Cariboo-Armstrong is not a neighbourhood in trouble. It is a neighbourhood where knowing your real numbers gives you a real edge. Pull your HonestDoor Price before you make any move.

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.