Edmonds, Burnaby - September 2026 Real Estate Report

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

If you've been watching the "For Sale" signs in Edmonds and wondering whether the market is moving up, down, or sideways - here's the straight answer. It depends on what you own. Houses and condos are telling two very different stories right now, and your city assessment is probably not telling you either one of them accurately.

The Vibe: Houses vs. Condos in Edmonds

Let's break it down for us locals, because these two markets are not the same conversation.

Houses - Taking a Breather

House values in Edmonds are dipping slightly. The predicted market value for a house sits at $1,533,178, which is trending down from the 3-month moving average of $1,551,840. Recent price change is -1.68%, and on the neighbourhood leaderboard, Edmonds houses rank 22 out of 36 for growth in Burnaby - that puts us in below-average territory right now. Only 2 houses sold recently, with an average sale price of $867,500 and a price per square foot of around $837. The rental picture is still solid though - estimated rent of $5,592 per month with a 4.09% rental yield means holding a house here still makes financial sense.

Condos - The Bright Spot

Condos are a different story entirely. Edmonds condos rank 7 out of 37 neighbourhoods in Burnaby for growth - that puts us near the top of the leaderboard. The predicted market value is $1,058,811, and it's climbing past the 3-month moving average of $1,034,394. Recent price change is up 4.82%. On price, Edmonds condos rank 2 out of 26 in Burnaby - meaning we're among the most expensive condo markets in the city. Average sale price came in at $731,500, at $863 per square foot, which is already ahead of nearby Stride Hill at $689,500. Two condos sold recently, and the rental estimate of $3,919 per month with a 3.40% yield shows moderate but steady income potential.

• House predicted value: $1,533,178 - down from 3-month average of $1,551,840
• House average sale price: $867,500 at $837 per sq ft
• House rental estimate: $5,592/month - rental yield 4.09%
• House growth rank: 22 out of 36 in Burnaby
• Condo predicted value: $1,058,811 - up from 3-month average of $1,034,394
• Condo average sale price: $731,500 at $863 per sq ft
• Condo rental estimate: $3,919/month - rental yield 3.40%
• Condo growth rank: 7 out of 37 in Burnaby - top performers

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

Here's the thing about your city assessment - it's a snapshot from the past. It gets updated once a year and it doesn't know what happened on your street last month. The HonestDoor Price updates in real time, and right now it's showing a gap that every Edmonds homeowner should pay attention to.

For houses, the average assessed value in Edmonds is $1,656,419. The average HonestDoor Price is $1,642,805 - about 0.82% lower. That gap matters if you're pricing a listing or negotiating a sale. Walking into a conversation armed with a number that reflects today's market, not last January's, gives you a real edge.

For condos, the story flips completely. The average assessed value is $708,257, but the average HonestDoor Price is $1,031,961 - that's 45.70% higher than the assessment. If you own a condo in Edmonds and you're still thinking about its value based on what the city says, you are significantly underestimating what you actually have. That's not a small rounding error - that's a six-figure difference.

The HonestDoor Price is the real-world check. Use it.

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

If you own a condo in Edmonds, this summer looks interesting. Values are climbing, we're near the top of Burnaby's growth leaderboard, and the HonestDoor Price is well above what the city assessed you at. Buyer demand for condos priced around $731,500 to $863 per square foot is real, and nearby neighbourhoods like Stride Avenue and Stride Hill are cheaper - which means Edmonds condos are already the premium option in this pocket of Burnaby.

If you own a house, don't panic - but don't rush either. Values are softening slightly and the growth rank of 22 out of 36 tells us we're not leading the pack right now. The rental income story at $5,592 per month and a 4.09% yield is a reason to hold if you're not in a hurry. If you do need to sell, price it sharp. The HonestDoor Price of $1,642,805 is your anchor - not the assessed value of $1,656,419.

Bottom line - Edmonds is not one market right now. It's two. Know which one you're in before you make a move.

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.