Cascade-Schou, Burnaby - July 2026 Real Estate Report

Cascade-Schou, Burnaby: Your Home Is Worth More Than the City Thinks - Or Is It?

If you own property in Cascade-Schou and you have not checked your HonestDoor Price lately, now is the time. The gap between what the city assessed your home at and what the market is actually doing is telling two very different stories - depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos

Let us break it down, because these two property types are not moving in the same direction right now.

Houses: The average assessed value sits at $1,817,207, but the HonestDoor Price is coming in at $1,776,484 - about 2.24% below that assessment. Recent values have dipped 1.06%, and on the neighbourhood growth leaderboard, houses in Cascade-Schou rank 26 out of 36 in Burnaby. That puts us in below-average territory for growth right now. Sales are thin - only 1 house sold recently, with an average sale price of $1,528,000 and a price per square foot of around $767. The market is not crashing, it is just taking a breather. Rental income potential is solid though, with estimated rent at $6,199 per month and a rental yield of 3.94%.

Condos: This is where the story gets interesting. The city assessed the average condo at $646,324 - but the HonestDoor Price is $1,078,461. That is 66.86% higher than the assessed value. Condos here rank 1 out of 26 in Burnaby for price, making Cascade-Schou the most expensive condo market in the city by this measure. Growth ranks 9 out of 37 - well above average. The predicted market value is $1,098,987, up from the 3-month moving average of $1,064,806. One condo sold recently at an average of $1,186,000, at $622 per square foot. Rental potential comes in at $4,302 per month.

• House HonestDoor Price: $1,776,484 (up 0.72%)
• House average sale price: $1,528,000 - $767 per sq ft
• House rental estimate: $6,199/month - yield of 3.94%
• House growth rank: 26 out of 36 in Burnaby
• Condo HonestDoor Price: $1,078,461 (down 1.87%)
• Condo average sale price: $1,186,000 - $622 per sq ft
• Condo rental estimate: $4,302/month - yield of 3.18%
• Condo growth rank: 9 out of 37 in Burnaby - above average
• Condo price rank: 1 out of 26 in Burnaby - most expensive
• Total neighbourhood transactions in 2026: 4
• 1,498 houses and 546 condos assessed this year

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

Here is the thing about government assessments - they are a snapshot from the past. The city looked at your property months ago, locked in a number, and moved on. The market did not wait for them.

For condo owners in Cascade-Schou, that gap is massive. An assessed value of $646,324 versus a HonestDoor Price of $1,078,461 is not a rounding error - that is a $432,000 difference. If you are making any financial decision based on your tax assessment alone, you are working with the wrong number.

For house owners, the picture is flipped. The assessment at $1,817,207 is actually running above the HonestDoor Price of $1,776,484. That means the city may be overvaluing your home relative to where buyers are actually transacting right now. Your HonestDoor Price is the real-world check - updated continuously, not once a year.

Compare us to nearby neighbourhoods and the context gets clearer. Garden Village houses are priced at $1,815,153 and West Central Valley at $1,544,440. For condos, West Central Valley sits at $768,566 and Dawson-Delta at $683,391. Cascade-Schou condos are priced well above all of them - which is exactly why knowing your real number matters before you make a move.

The So What: Thinking About Selling This Summer?

If you own a condo here, you are sitting on one of the most valuable condo assets in Burnaby. Full stop. A top-1 price rank out of 26 neighbourhoods is not something to ignore. That said, the HonestDoor Price did dip 1.87% recently - so the window to capture peak value is worth watching closely. Waiting too long could mean leaving money on the table if that softening continues.

If you own a house, the market is quieter. Four total transactions in the neighbourhood so far in 2026 means buyer competition is low. A below-average growth rank of 26 out of 36 tells us this is not a seller's sprint right now - it is more of a patient seller's market. Price it right against the HonestDoor Price of $1,776,484, not the inflated assessment, and you will attract serious buyers instead of scaring them off.

Either way, the smartest first step before listing this summer is pulling your HonestDoor Price. It is free, it is current, and it will tell you more about where you actually stand than any assessment notice in your mailbox.

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.