Douglas-Gilpin, Burnaby - August 2026 Real Estate Report

Douglas-Gilpin, Burnaby: Your Home Is Worth Less Than The City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, here is a reality check worth reading. The city says the average home in Douglas-Gilpin is worth $1,610,243. The HonestDoor Price says $1,560,576. That is a $49,667 gap - and it is the market talking, not a spreadsheet from 18 months ago.

The Vibe: What Is Actually Happening in Our Neighbourhood

Let us break it down by property type, because houses and condos are telling two very different stories right now.

Houses - Taking a Breather

Our houses are in a holding pattern. The predicted market value sits at $1,602,116, which is already slipping below the 3-month moving average of $1,605,241. Values have dipped 0.30% recently, and on the Burnaby neighbourhood leaderboard, we rank 20 out of 36 for growth - that puts us in below-average territory. Price rank is 26 out of 35, also below average for Burnaby.

• Average sale price: $840,000
• Price per square foot: $754
• Properties sold recently: 1
• Estimated monthly rent: $5,783
• Rental yield: 4.09%
• Airbnb income potential: roughly $287 per month
• Growth rank: 20 out of 36 in Burnaby

For context, our average house sale price of $840,000 does beat nearby Ardingley-Sproff at $720,000. But Marlborough condos are pulling in HonestDoor Prices near $1.9 million, which tells you where the premium dollar is sitting right now - and it is not here.

Condos - A Wild Card With a Catch

Here is where it gets interesting. The average HonestDoor Price for a condo in Douglas-Gilpin is $3,081,708 - up 6.36% from the previous period. That sounds like a win. But dig one layer deeper and the picture shifts. The predicted market value is $2,897,375, already below the 3-month moving average of $2,951,311, and values have dropped 4.40% recently. On the Burnaby growth leaderboard, our condos rank 34 out of 37. That is bottom-of-the-pack territory.

• Average HonestDoor Price: $3,081,708
• HonestDoor Price change: up 6.36%
• Predicted market value: $2,897,375
• Estimated monthly rent: $8,947
• Rental yield: 2.06%
• Airbnb income potential: roughly $444 per month
• Airbnb rank in Burnaby: 2nd - that is genuinely strong
• Growth rank: 34 out of 37 in Burnaby

The Airbnb number is the bright spot. Ranking 2nd in all of Burnaby for Airbnb potential at $462 per night is not nothing. If you own a condo here and are not thinking about short-term rental income, you are leaving money on the table.

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

Your city assessment is a snapshot from the past. It does not know what happened in the market last quarter. It does not know that house values in Douglas-Gilpin have slipped 0.30% recently, or that the neighbourhood growth rate is down 0.05% year over year. The HonestDoor Price updates in real time using actual market signals - which is exactly why it is showing a number $49,667 lower than what the city has on file for houses.

That gap matters. If you are pricing a home based on your assessment, you could be walking into negotiations already out of step with what buyers are actually willing to pay. The HonestDoor Price is your real-world check - use it before you set a list price, not after.

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

Here is the straight talk for anyone considering listing in Douglas-Gilpin this summer.

• The market is not crashing - but it is not running hot either. With only 4 transactions recorded in 2026 and a total transaction rank of 5 in Burnaby, this is a low-volume neighbourhood. Low volume means fewer comps, which means pricing precision matters even more.
• Your assessment will likely work against you. At $1,610,243 average assessed value versus a $1,560,576 HonestDoor Price, buyers doing their homework will push back on any price anchored to the city number.
• Rental income is a genuine selling point. A $5,675 monthly rental estimate on a house is a strong number to put in front of investor buyers. Lead with that.
• Condo sellers have a short window. The 6.36% HonestDoor Price increase is real, but the recent 4.40% value drop and a bottom-5 growth rank suggest that window may not stay open long.
• Know your competition. Marlborough is pulling higher condo prices at $1,909,177. Ardingley-Sproff is undercutting us on houses at $971,421. Douglas-Gilpin sits in the middle - which means your marketing needs to work harder to justify the price.

Bottom line - if you are serious about selling this summer, pull your HonestDoor Price today. It is the number that reflects what is actually happening on the street, not what a government office calculated before the market started shifting.

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.