Clinton-Glenwood, Burnaby - August 2026 Real Estate Report

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

If you own property in Clinton-Glenwood and you have not checked your numbers lately, now is the time to pay attention. The gap between what the city assessed your home at and what it would actually sell for right now is telling two very different stories - depending on whether you own a house or a condo.

The Vibe: Houses vs. Condos

We are seeing a split market in our neighbourhood right now, and it matters a lot which side of that split you are on.

Houses: If you own a house here, the city's assessment is actually running ahead of reality. The average assessed value sits at $1,738,271, but the average HonestDoor Price is $1,653,318 - that is 4.89% lower than what the city has on the books. The HonestDoor Price has also dipped 2.01% from the previous period, and the 3-month moving average of $1,701,033 confirms the trend is pointing downward. Our house market is taking a breather. With only 1 house sold recently and an average sale price of $665,000, transaction volume is thin. On the neighbourhood leaderboard, houses in Clinton-Glenwood rank 26 out of 36 for growth and 34 out of 35 for price - meaning we are among the most affordable in Burnaby, but growth is lagging behind most of our neighbours.

• Average HonestDoor Price (Houses): $1,653,318
• Change from previous period: -2.01%
• Average sale price: $665,000
• Price per square foot: $749
• Estimated monthly rent: $5,992
• Rental yield: 4.00%
• Growth rank in Burnaby: 26 out of 36
• Price rank in Burnaby: 34 out of 35

Condos: This is where the story flips. The city assessed condos in Clinton-Glenwood at an average of $612,592 - but the HonestDoor Price comes in at $881,889. That is 43.96% higher than the assessed value. The HonestDoor Price is also up 3.11% from the previous period, which is the one bright spot in our market right now. That said, the 3-month moving average of $876,628 is still above the current predicted value of $855,326, and the recent change of -3.94% tells us condos are not immune to the broader slowdown. We had 3 condo sales recently, with an average sale price of $516,997. On the leaderboard, condos rank 31 out of 37 for growth - bottom tier - and 18 out of 26 for price.

• Average HonestDoor Price (Condos): $881,889
• Change from previous period: +3.11%
• Average sale price: $516,997
• Price per square foot: $648
• Estimated monthly rent: $3,511
• Rental yield: 3.53%
• Growth rank in Burnaby: 31 out of 37
• Price rank in Burnaby: 18 out of 26

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax 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, and in Clinton-Glenwood, it has moved in opposite directions depending on your property type.

If you own a house, your assessment is overstating what buyers would pay today. Relying on that number to make a financial decision - whether it is refinancing, selling, or just understanding your net worth - could lead you in the wrong direction. The HonestDoor Price pulls from real-time sales data and current market signals. It is the real-world check your assessment cannot give you.

If you own a condo, the situation is almost the reverse. Your city assessment of around $612,592 is dramatically underselling what your unit is actually worth in today's market. The HonestDoor Price of $881,889 is nearly $270,000 higher. That gap is not a rounding error - it is a meaningful difference in how you should be thinking about your equity.

With 1,561 houses and 854 condos assessed this year in Clinton-Glenwood, there are a lot of neighbours walking around with an outdated number in their head. Do not be one of them.

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

Honest answer - the timing is complicated, but not impossible.

For house owners, the window may be tightening. Values are down 2.01% from last period, the predicted value is slipping below the 3-month average, and neighbourhood growth is down 0.03% year over year. Nearby Windsor is priced slightly higher at $1,789,212 and Sussex-Nelson at $2,029,380 - so buyers do have options close by. If you are thinking about selling, pricing sharp and moving quickly matters more right now than holding out for a peak that may not come soon.

For condo owners, the HonestDoor Price bump of 3.11% is encouraging, but the recent -3.94% value change and a growth rank of 31 out of 37 suggest you should not wait for a bigger run-up. The rental yield of 3.53% is moderate - enough to make holding viable, but not a slam dunk. If your life circumstances point toward selling, this summer is a reasonable time to test the market, especially since our average condo sale price of $516,997 is already beating nearby Sussex-Nelson at $455,000.

Bottom line - get your HonestDoor Price, compare it to what your neighbour's place just sold for, and make a decision based on today's numbers. Not last July's.

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.