Douglas-Gilpin, Burnaby - October 2026 Real Estate Report
Douglas-Gilpin, Burnaby: Your Home Is Worth More Than You Think - But the Market Is Sending Mixed Signals
The Vibe Right Now
If you have been watching the "For Sale" signs in Douglas-Gilpin, here is what is actually happening. The market is taking a breather. Neighbourhood growth dipped 0.05% year over year, and with only 10 property transactions recorded in 2026 across 2,480 assessed properties, this is a quiet street - not a fire sale. But quiet does not mean stagnant. Depending on what you own, the story is very different.
Houses: Steady, But Watch the Trend
For those of us with houses in Douglas-Gilpin, here is the honest picture. The average sale price is sitting around $990,000, essentially flat from last month. Only 1 house sold recently, so we are not exactly in a bidding war frenzy. Price per square foot is around $850.
- Average HonestDoor Price: $1,575,174
- Recent price change: up 0.46%
- Predicted market value: $1,567,889
- 3-month moving average: $1,576,860 - values are drifting slightly downward
- Estimated monthly rent: $5,696
- Rental yield: 4.11%
- Growth rank: 27 out of 36 neighbourhoods in Burnaby
- Price rank: 24 out of 35 neighbourhoods in Burnaby
That growth rank of 27 out of 36 puts us in the below-average tier on the Burnaby neighbourhood leaderboard. We are not at the bottom, but we are not climbing fast either. The good news? Our average sale price of $990,000 still beats nearby Marlborough at $900,000, so Douglas-Gilpin houses are holding a premium over at least one comparable neighbour.
Condos: A Different Animal Entirely
Here is where things get interesting. If you own a condo in Douglas-Gilpin, you are sitting on something that looks very different from the house market. The average HonestDoor Price for condos is $3,133,638 - a jump of 5.36% from the previous period. That is a serious number, and it puts Douglas-Gilpin condos in a league of their own compared to nearby neighbourhoods like Ardingley-Sproff ($780,424), Marlborough ($1,120,945), and Dawson-Delta ($669,577).
- Average HonestDoor Price: $3,133,638
- Recent price change: up 5.36%
- Predicted market value: $2,974,130
- 3-month moving average: $2,984,404 - also drifting slightly downward
- Estimated monthly rent: $9,103
- Rental yield: 2.04%
- Airbnb rank in Burnaby: 2nd out of all neighbourhoods
- Airbnb income potential: approximately $452 per month, at $467 per night
- Growth rank: 32 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 are not thinking about short-term rental potential, that is a conversation worth having. The rental yield of 2.04% is on the modest side, but the raw dollar figures on rent - $9,401 per month on average - are hard to ignore. The growth rank of 32 out of 37 is the one yellow flag. Condo values here are among the bottom performers in Burnaby right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment. It is a snapshot from months ago, based on data that was already old when they printed it. The average assessed value in Douglas-Gilpin sits at $1,610,243 for houses. The HonestDoor Price is $1,575,174 - that is 2.18% lower than what the city has on file. That gap is real money. If you are making decisions about selling, refinancing, or even just understanding your equity, the HonestDoor Price is the real-world check against a number the city will not update until next year.
With 2,480 properties assessed in the neighbourhood, most homeowners are working off the same static number. The HonestDoor Price updates in real time, pulling in actual market signals. That is the difference between knowing what your home was worth and knowing what it is worth today.
So What Does This Mean If You Are Thinking About Selling This Summer?
Straight talk: Douglas-Gilpin is not the hottest market in Burnaby right now. The neighbourhood leaderboard puts houses at 27th for growth and condos at 32nd. That is not a reason to panic - it is a reason to price smart.
If you own a house, the market is stable but slow. One sale last month. Prices are flat. Buyers are not rushing. If you need to sell this summer, pricing close to the HonestDoor Price of $1,575,174 - not the assessed value of $1,610,243 - is the move that gets you in front of serious buyers instead of sitting on the market.
If you own a condo, the 5.36% price increase is genuinely good news, but the downward drift in the 3-month moving average means the window may not stay open forever. The Airbnb rank of 2nd in Burnaby is a real selling point you should be putting in your listing. Buyers who want income potential will pay attention to that.
Either way, check your HonestDoor Price before you call an agent. Walk into that conversation knowing your number - not the city's number.
douglas-gilpin | 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.