Cascade-Schou, Burnaby - August 2026 Real Estate Report

Cascade-Schou, Burnaby: Your Home Is Worth More Than the City Thinks - Or Less. Here's the Real Number.

The Vibe Right Now

If you own property in Cascade-Schou and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old. The HonestDoor Price is the live read - and right now, it's telling a different story depending on whether you own a house or a condo.

Houses: Steady, But Watch the Gap

For houses in Cascade-Schou, the city's average assessed value sits at $1,817,207. But the average HonestDoor Price is $1,750,649 - that's $66,558 lower than what the assessment says. If you're pricing a listing based on your assessment, you could be setting yourself up for a tough conversation with buyers who've done their homework.

• Average HonestDoor Price (Houses): $1,750,649
• Change from last period: -1.45%
• Average sale price: $1,277,500
• Price per square foot: $1,004
• Properties sold recently: 2
• Predicted market value: $1,776,484
• Estimated monthly rent: $6,235
• Rental yield: 3.94%
• Recent value change: +0.72%
• Growth rank: 7 out of 36 neighbourhoods in Burnaby

That growth rank is worth paying attention to. Sitting at 7 out of 36 puts us in the top tier of Burnaby neighbourhoods for momentum. The predicted market value of $1,776,484 is also nudging up past the 3-month moving average of $1,774,329 - a small but real signal that house values here are holding their ground. Compared to nearby West Central Valley, where houses are selling around $1,200,000, Cascade-Schou houses are coming in higher at $1,277,500. We're not the cheapest option on the block, and that's not a bad thing.

Condos: The Priciest in Burnaby - With a Catch

Here's where things get interesting. Condo owners in Cascade-Schou are sitting on something unusual. The average assessed value for condos is $646,324, but the average HonestDoor Price is $1,093,962. That's 69.26% higher than the city's assessment. If you own a condo here and you haven't checked your HonestDoor Price lately, you could be seriously underestimating what you have.

• Average HonestDoor Price (Condos): $1,093,962
• Change from last period: +1.44%
• Average sale price: $1,186,000
• Price per square foot: $622
• Properties sold recently: 1
• Predicted market value: $1,078,461
• Estimated monthly rent: $4,248
• Rental yield: 3.19%
• Recent value change: -1.87%
• Price rank: 1 out of 26 neighbourhoods in Burnaby - the most expensive
• Growth rank: 17 out of 37 neighbourhoods in Burnaby

The condo market here is taking a small breather - values are down 1.87% recently and the predicted value of $1,078,461 is slipping slightly below the 3-month moving average of $1,082,991. But holding the number 1 price rank out of 26 Burnaby neighbourhoods is a real position of strength. Compared to nearby Garden Village ($611,983) and West Central Valley ($769,665), Cascade-Schou condos are in a different league on price.

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

BC Assessments are 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 pulls from real, current transaction data and updates continuously. For houses in Cascade-Schou, the HonestDoor Price is running $66,558 below the assessment - meaning the city may be overvaluing your home relative to what buyers are actually paying. For condos, the HonestDoor Price is running nearly $450,000 above the assessment - meaning the city is dramatically undervaluing what the market says your unit is worth.

Neither situation is great if you're making decisions based on the wrong number. The HonestDoor Price is the real-world check. Use it.

The So What - Thinking About Selling This Summer?

Here's the straight talk for anyone considering listing in Cascade-Schou before the summer cools off.

If you own a house, the market is stable and you're in a top-10 growth neighbourhood in Burnaby. With only 2 houses sold recently and 6 total transactions in 2026, inventory is tight. Tight inventory generally works in a seller's favour - fewer competing listings means buyers have less to choose from. A rental estimate of $6,235 a month also gives buyers a clear income story if they're weighing investment options. The window is open, but it's not wide open.

If you own a condo, you hold the most expensive condo in Burnaby by neighbourhood ranking - but the short-term trend is softening. Values are down 1.87% recently and the 3-month average is drifting lower. That doesn't mean panic. It means timing matters more right now. If you've been sitting on the fence, the data suggests sooner beats later while the HonestDoor Price is still above $1 million and buyer interest in this price tier remains real.

Either way, the first step is the same - check your HonestDoor Price today, not your assessment notice from last winter. That's the number that actually reflects what someone would pay for your home right now.

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.