Edmonds, Burnaby - July 2026 Real Estate Report

Edmonds, Burnaby: What Your Neighbour Isn't Telling You About Home Prices Right Now

If you've been watching the "For Sale" signs in Edmonds and wondering what's actually going on, here's the straight story. The market is sending mixed signals depending on whether you own a house or a condo - and your city assessment is probably not telling you the full picture.

The Vibe: Houses vs. Condos in Edmonds

Let's break it down, because these two property types are living in very different realities right now.

Houses - Taking a Breather

We're seeing houses in Edmonds sit at an average HonestDoor Price of $1,642,805. That's actually up 1.27% from the previous period, which is a positive sign. But here's the number that should get your attention: the predicted market value sits at $1,562,894, and it's drifting slightly below the 3-month moving average of $1,567,554. Values have shifted -1.87% recently.

• Average HonestDoor Price: $1,642,805 (up 1.27%)
• Average Sale Price: $1,422,888
• Price per square foot: $1,047
• Estimated monthly rent: $5,672
• Rental yield: 4.07%
• Neighbourhood growth: -0.03% year over year
• Growth rank on the Burnaby leaderboard: 35 out of 36

That growth rank is the one to watch. Sitting 35th out of 36 comparable neighbourhoods means Edmonds houses are near the bottom of the Burnaby leaderboard for price momentum right now. Only one house sold recently, and the market is essentially flat. This isn't a crash - it's a pause. But it's a pause worth knowing about before you make any big decisions.

Condos - A Different Story

Condos in Edmonds are actually showing some life. The predicted market value of $1,034,218 is climbing above the 3-month moving average of $1,008,868, and values have moved up 1.35% recently. Three condos sold, and we're holding our own against nearby neighbourhoods like Stride Avenue ($675,000 average sold price) and Stride Hill ($560,000).

• Average HonestDoor Price: $1,010,151 (down 2.33% from previous period)
• Average Sale Price: $638,333
• Price per square foot: $895
• Estimated monthly rent: $3,908
• Rental yield: 3.40%
• Neighbourhood growth: -0.02% year over year
• Growth rank on the Burnaby leaderboard: 17 out of 37 - above average

Condos rank 17th out of 37 for growth in Burnaby. That puts us solidly in the upper half of the leaderboard. If you own a condo here, the momentum is quietly working in your favour compared to most of the city.

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

Here's something most Edmonds homeowners don't realize. The city's assessed value for houses is sitting at an average of $1,656,419. The HonestDoor Price is $1,642,805. That's a gap of about $13,600 - and the assessment is actually running higher than what the real-world market is reflecting right now.

For condos, the gap is even more dramatic. The average assessed value is $708,257, but the HonestDoor Price is $1,010,151 - that's 42.62% higher. Your tax assessment is based on a snapshot in time, often months old. The HonestDoor Price pulls in current market signals to give you a live read on what your property is actually worth today. If you're making any financial decision - refinancing, selling, even just benchmarking your net worth - the HonestDoor Price is the number to use, not the one on your assessment notice.

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: timing matters more than usual right now. With a growth rank of 35 out of 36 in Burnaby, house price momentum is sluggish. That doesn't mean you can't sell well - it means you need to price sharp and present well. The average sale price of $1,422,888 is sitting below the HonestDoor Price of $1,642,805, which tells us there's a gap between what sellers hope for and what buyers are paying. Close that gap with smart pricing and you'll move faster.

If you own a condo, your position is stronger. You're in the top half of Burnaby for growth, the predicted value is trending up, and you're priced competitively against Stride Hill and Stride Avenue. Summer could be a solid window to act.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, set a list price, or assume your assessment tells the whole story. In a market like this, the difference between the right price and the wrong one is the difference between a sold sign and a stale listing.

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.