Douglas-Gilpin, Burnaby - July 2026 Real Estate Report

Douglas-Gilpin, Burnaby: Your Home Is Worth More Than the City Thinks

If you own a home in Douglas-Gilpin and you have not checked your HonestDoor Price lately, now is the time. The city's assessment is sitting at $1,610,243 on average - but the real-world number is telling a slightly different story. Here is what is actually going on in our corner of Burnaby right now.

The Vibe: What the Numbers Are Saying

Houses

We are in steady territory. The average sale price for houses in Douglas-Gilpin is sitting at $1,445,000, with price per square foot around $738. Sales volume is modest - 2 properties sold recently - but that is not unusual for a neighbourhood where homes do not turn over fast.

The bigger signal is the predicted market value of $1,606,918, which is climbing past the 3-month moving average of $1,588,260. That upward trend matters. It means the market is quietly building momentum, not stalling.

• Average sale price: $1,445,000
• Price per square foot: $738
• Predicted market value: $1,606,918
• 3-month moving average: $1,588,260
• Estimated monthly rent: $5,796
• Rental yield: 4.09%
• Growth rank: 7 out of 36 neighbourhoods in Burnaby

That growth rank is worth pausing on. Top 7 out of 36 puts Douglas-Gilpin houses on the Burnaby neighbourhood leaderboard - ahead of most of the city. That is not nothing.

Condos

Our condo market is a different beast entirely. The average HonestDoor Price for condos is $2,897,375 - and yes, that is a real number. These are not your typical Burnaby condos. The predicted market value pushes even higher to $3,030,680, up from a 3-month moving average of $2,878,595.

There has been a 4.40% dip from the previous period, so the market is taking a breather. But the 3.58% recent value change and a growth rank of 4 out of 37 neighbourhoods in Burnaby tells us this is a short pause, not a slide.

• Average HonestDoor Price: $2,897,375
• Predicted market value: $3,030,680
• 3-month moving average: $2,878,595
• Estimated monthly rent: $9,219
• Rental yield: 2.02%
• Airbnb rank in Burnaby: 2nd out of all neighbourhoods
• Growth rank: 4 out of 37 neighbourhoods in Burnaby

That Airbnb rank of 2nd in all of Burnaby is a standout stat. If you own a condo here and you are not thinking about short-term rental income, you are leaving money on the table.

The Secret Sauce: Why Your HonestDoor Price Beats the Tax Assessment

Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. By the time it lands in your mailbox, it is already six to twelve months old. The market does not wait for paperwork.

The HonestDoor Price updates in real time. For houses in Douglas-Gilpin, the HonestDoor Price of $1,602,116 is actually 0.50% below the city's assessed average of $1,610,243. That gap might look small, but it is the difference between pricing your home right and sitting on the market too long. Knowing the live number means you negotiate from fact, not from a government estimate that was accurate last summer.

Think of the HonestDoor Price as the real-world check. It pulls in current sales data, market movement, and neighbourhood trends - not a frozen-in-time valuation. In a market where 2,480 properties were assessed this year and only 3 transactions happened in 2026, every data point counts.

The So What: Should You Sell in Douglas-Gilpin This Summer?

If you are thinking about listing this summer, here is the honest take.

For house owners, the momentum is on your side. Values are trending up past the 3-month average, your neighbourhood ranks in the top 7 for growth in Burnaby, and rental demand is strong at $5,796 a month estimated. Buyers who cannot afford nearby Marlborough - where the average HonestDoor Price is $1,928,095 - are going to be looking at Douglas-Gilpin. You are the value play in a high-price area.

For condo owners, the short-term dip of 4.40% is worth watching, but the predicted value of $3,030,680 suggests the floor is solid. If you can wait a few months, the trend line is pointing up. If you need to move now, price sharp and lean on that top-4 growth rank to justify your ask.

Either way, pull your HonestDoor Price before you call an agent. It is the number that reflects what buyers are actually paying right now - not what the city guessed last July.

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.