Edmonds, Burnaby - August 2026 Real Estate Report

Edmonds, Burnaby: What Your Neighbour's House Is Actually Worth Right Now

If you've been eyeing the "For Sale" signs in Edmonds lately, here's the straight story. The market isn't on fire, but it isn't falling apart either. It's taking a breather - and depending on whether you own a house or a condo, that means very different things for your bottom line.

The Vibe: Houses vs. Condos in Edmonds

Let's break down what's actually happening for us here in Edmonds.

Houses: The average sale price is sitting at $1,422,888, with price per square foot around $1,047. Only 1 house sold last month, so we're not exactly in a bidding-war frenzy. The predicted market value for houses is $1,559,449, but that number is slipping - it's down from a 3-month moving average of $1,571,673. Property values have nudged down 0.22% recently. On the neighbourhood leaderboard, Edmonds houses rank 19 out of 36 for growth in Burnaby - that's below average - but rank 17 out of 35 for price, which puts us above average in value. Rental potential is solid at an estimated $5,660 per month, with a rental yield of 4.07%.

• Average sale price: $1,422,888
• Price per square foot: $1,047
• Predicted market value: $1,559,449
• 3-month moving average: $1,571,673
• Estimated monthly rent: $5,660
• Rental yield: 4.07%
• Growth rank: 19 out of 36 in Burnaby
• Price rank: 17 out of 35 in Burnaby

Condos: This is where it gets interesting for us. The average sale price hit $1,400,000, at $926 per square foot. The predicted market value is $1,010,151, down from a 3-month moving average of $1,021,615, and values have shifted -2.33% recently. That's a number worth watching. On the leaderboard, condo growth ranks 22 out of 37 in Burnaby - below average - but the price rank is 2 out of 26. That means Edmonds condos are among the most expensive in all of Burnaby. Seven condo transactions were recorded in 2026. Estimated rent comes in at $3,838 per month with a 3.42% rental yield.

• Average sale price: $1,400,000
• Price per square foot: $926
• Predicted market value: $1,010,151
• 3-month moving average: $1,021,615
• Estimated monthly rent: $3,838
• Rental yield: 3.42%
• Growth rank: 22 out of 37 in Burnaby
• Price rank: 2 out of 26 in Burnaby (near the top)

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

Here's the thing most Edmonds homeowners don't realize. Your BC Assessment number is a snapshot from July 1st of last year. The market has moved since then - and not always in the direction the assessment suggests.

For houses, the average assessed value in Edmonds is $1,656,419. The average HonestDoor Price is $1,642,805 - that's 0.82% lower than what the government has on file. If you're making decisions based on your assessment alone, you could be working with a number that's slightly above where the real-world market actually sits. The HonestDoor Price updates in real time. Your assessment does not.

For condos, the gap is even more striking - but in the other direction. The average assessed value is $708,257, while the average HonestDoor Price is $1,058,811. That's 49.50% higher than the assessment. If you own a condo in Edmonds and you think your property is worth what the city says it is, you're leaving a massive amount of equity unrecognized. The HonestDoor Price has also climbed 4.82% from the previous period, which is the strongest momentum signal in this whole report.

Bottom line: the assessment is a tax document. The HonestDoor Price is your real-world check.

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

If you own a house in Edmonds and you're thinking about listing this summer, the honest answer is: the window is open, but it's not wide open. Values are drifting slightly downward from their 3-month peak. You're in a neighbourhood ranked above average for price in Burnaby, which means buyers know what they're getting into. One house sold last month - so competition is low, but so is urgency. Pricing it right from day one matters more than ever right now.

If you own a condo, the story is more urgent. Values are down 2.33% recently, and the 3-month trend is pointing lower. But - and this is a big but - Edmonds condos are still ranked 2nd most expensive in Burnaby. You have pricing power that most condo owners in this city don't. If you've been sitting on the fence, this summer is worth a serious conversation before that gap between your HonestDoor Price and market reality starts to close.

Either way, the first move is simple. Pull your HonestDoor Price for your specific address. Not the neighbourhood average - your address. That number is where the conversation starts.

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.