Cascade-Schou, Burnaby - October 2026 Real Estate Report
Cascade-Schou, Burnaby: What Your Neighbours Are Not Telling You About Home Values Right Now
If you own property in Cascade-Schou and you have not checked your HonestDoor Price lately, you are probably working off a number that does not reflect what is actually happening on the street. Here is the real picture.
The Vibe: Where We Actually Stand
Cascade-Schou is a neighbourhood of two very different stories right now, and which one applies to you depends entirely on what you own.
Houses
- Average HonestDoor Price: $1,748,638
- Average Assessed Value: $1,817,207
- HonestDoor Price is 3.77% below the assessed value - that gap matters
- Price change from last period: down 2.10%
- Predicted market value: $1,786,238 - trending up from the 3-month average of $1,771,124
- Average sale price: $748,000 - price per square foot around $728
- Estimated rent: $6,258 per month - rental yield of 3.93%
- Airbnb potential: roughly $311 per month
- Growth rank: 13 out of 36 neighbourhoods in Burnaby - that puts us above average
- Price rank: 27 out of 35 - below average in price, which means more room to move
- Transactions in 2026: 9 sales across 1,498 assessed properties
The house market here is taking a breather. Values dipped 2.10% from last period, but the 3-month trend is actually pointing back up. We are sitting above average on growth in Burnaby, which is a decent place to be when a lot of neighbourhoods are flat or falling. Compared to Garden Village next door - where the HonestDoor Price is $1,786,841 - we are slightly cheaper, which can work in a buyer's favour if you are shopping, and in a seller's favour if you price it right.
Condos
- Average HonestDoor Price: $1,075,729
- Average Assessed Value: $646,324
- HonestDoor Price is 66.44% higher than the assessed value - a massive gap
- Price change from last period: up 0.78%
- Predicted market value: $1,067,419 - trending slightly down from the 3-month average of $1,079,947
- Average sale price: $1,186,000 - price per square foot around $622
- Estimated rent: $4,207 per month - rental yield of 3.20%
- Airbnb potential: roughly $209 per month
- Airbnb rank in Burnaby: 9th - a strong short-term rental position
- Growth rank: 26 out of 37 - below average
- Price rank: 1 out of 26 - the most expensive condos in Burnaby
- 546 condo properties assessed this year
Condo owners in Cascade-Schou are sitting on something interesting. We rank number one for condo prices across all of Burnaby. That is not a small thing. But the 3-month trend is softening slightly, and growth ranks 26th out of 37 neighbourhoods. The short version: we are expensive, we are slowing a little, and the assessed value is wildly out of step with reality. More on that below.
The Secret Sauce: Why Your Tax Assessment Is Lying to You
Here is the thing about your BC Assessment number. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already old news. The market does not wait for paperwork.
For condo owners in Cascade-Schou, this gap is not small - it is enormous. The average assessed value sits at $646,324, but the average HonestDoor Price is $1,075,729. That is a difference of over $429,000. If you are making any financial decision - refinancing, selling, estate planning - based on that assessed number, you are working with the wrong figure.
For house owners, the gap runs the other direction. The assessed value of $1,817,207 is actually higher than the HonestDoor Price of $1,748,638. That means the city's number could be overstating what your home would fetch today. The HonestDoor Price pulls in real-time sales data, current market trends, and comparable transactions to give you a live read - not a government estimate that is already months behind.
Think of it this way: the assessed value is what the city thinks your home was worth last summer. The HonestDoor Price is what a buyer would likely pay for it today.
The "So What?" - Thinking About Selling This Summer?
If you are a house owner weighing a summer sale, the timing has some nuance to it. Values pulled back 2.10% recently, but the predicted market value of $1,786,238 is climbing above the 3-month average. That upward momentum is worth watching. With only 9 transactions recorded in 2026 so far, inventory is tight - and tight inventory usually favours sellers who price sharply.
We rank 4th in Burnaby for total transactions, which tells you there is genuine buyer activity here. That is not nothing. Compared to West Central Valley, where houses are selling around $626,333, Cascade-Schou house sellers are in a stronger position at $748,000 average.
For condo owners, the picture is more cautious. The predicted market value is dipping slightly below its 3-month average, and growth ranks in the bottom half of Burnaby neighbourhoods. But - and this is a real but - being the most expensive condo neighbourhood in Burnaby means you have a quality story to tell buyers. The key is pricing it to the current HonestDoor Price, not the assessed value, and not last year's peak.
Bottom line: summer 2025 in Cascade-Schou rewards sellers who know their actual number. Pull your HonestDoor Price before you call an agent. It is the only figure in this market that is keeping up with the street.
cascade-schou | 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.