Douglas-Gilpin, Burnaby - September 2026 Real Estate Report

Douglas-Gilpin, Burnaby: Your Home Is Worth More Than The City Thinks - Or Is It?

If you've been watching the "For Sale" signs in Douglas-Gilpin lately, here's what's actually happening. The market is sending mixed signals depending on what you own. Houses are taking a breather. Condos are a different story entirely. Let's break it down.

The Vibe: Houses vs. Condos in Douglas-Gilpin

For those of us with houses in the neighbourhood, the honest picture is this: things have softened. The average sale price sits at $1,196,250, with price per square foot around $865. Only 4 properties sold recently, and the predicted market value of $1,560,576 is actually trending down from the 3-month moving average of $1,589,870. That's a -2.59% shift in recent values.

On the neighbourhood leaderboard, our houses rank 32 out of 36 for growth in Burnaby. That puts us near the bottom of the pack right now. Price rank comes in at 25 out of 35 - below average for Burnaby. This isn't a crisis, but it's not a seller's parade either.

• Average sale price (houses): $1,196,250
• Price per square foot: $865
• Predicted market value: $1,560,576
• 3-month moving average: $1,589,870
• Recent value change: -2.59%
• Rental estimate: $5,675/month
• Rental yield: 4.13%
• Growth rank in Burnaby: 32 out of 36

Condos in Douglas-Gilpin are playing a completely different game. The average HonestDoor Price for condos here is $2,974,130 - and while that's down 3.49% from the previous period, the predicted market value of $3,081,708 is actually climbing past the 3-month moving average of $3,003,254. Recent value change is up 6.36%. On the Burnaby leaderboard, our condos rank 4 out of 37 for growth. That's top tier.

• Average HonestDoor Price (condos): $2,974,130
• Predicted market value: $3,081,708
• 3-month moving average: $3,003,254
• Recent value change: +6.36%
• Rental estimate: $9,300/month
• Rental yield: 2.01%
• Airbnb rank in Burnaby: 2nd
• Growth rank in Burnaby: 4 out of 37

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about your BC Assessment notice. It's a snapshot from July 1st of last year. The market has moved since then - in some cases, significantly. For houses in Douglas-Gilpin, the average assessed value is $1,610,243. The average HonestDoor Price is $1,567,889. That's a gap of about $42,000, and the HonestDoor Price is 2.63% lower than what the city has on file.

Why does that matter? Because if you're making any financial decision - refinancing, listing, or just figuring out your net worth - you want the number that reflects today's market, not last summer's. The HonestDoor Price updates in real time using actual transaction data. It's the real-world check against a static government number. For houses here, that check is telling us the city may be slightly overvaluing your property right now.

For condo owners, the HonestDoor Price is showing strong momentum. With a growth rank of 4 out of 37 in Burnaby and a predicted value climbing above the 3-month average, the real-time picture looks better than any annual assessment could capture.

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

If you own a house in Douglas-Gilpin and you're thinking about listing this summer, go in with clear eyes. Values have dipped recently, transaction volume is thin at 9 sales across the neighbourhood in 2026, and our growth rank puts us near the bottom of Burnaby's leaderboard right now. That doesn't mean you can't sell - it means pricing it right matters more than ever. Overpricing a softening market is how homes sit.

Compare us to nearby neighbourhoods and the picture sharpens. Marlborough's HonestDoor Price is $1,929,220 with the same -0.05% growth rate we're seeing here. Dawson-Delta comes in at $1,408,913. Douglas-Gilpin sits in the middle of that range, which means we're not the cheapest option for buyers, so condition and pricing have to do the heavy lifting.

If you own a condo here, the summer outlook is genuinely more interesting. Top-4 growth ranking in Burnaby, rising predicted values, and an Airbnb rank of 2nd in the city - that's a strong hand to play. Rental income potential of $9,300 a month also gives buyers a compelling reason to pay attention to Douglas-Gilpin condos specifically.

Bottom line: check your HonestDoor Price before you do anything else. It's free, it's current, and right now it's telling a very different story depending on whether you own a house or a condo on your street.

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.