Garden Village, Burnaby - September 2026 Real Estate Report

Garden Village, Burnaby: Your Home Is Probably Worth Less Than the City Thinks

If you have been glancing at your latest BC Assessment notice and feeling pretty good about yourself, hold on a second. The numbers on the ground in Garden Village are telling a slightly different story - and it is one worth paying attention to before you make any moves this summer.

The Vibe: What Is Actually Happening With Houses and Condos

Let us break it down by property type, because houses and condos are living in two very different realities right now.

Houses

If you own a house in Garden Village, we are sitting in above-average territory for Burnaby - but the market is taking a breather. Here is the snapshot:

• Average HonestDoor Price: $1,819,428 - up 1.16% from last period
• Average assessed value: $1,854,972
• HonestDoor Price is 1.92% below that assessment
• Average sale price: $1,568,000 at roughly $1,252 per square foot
• Predicted market value: $1,798,529 - down from a 3-month average of $1,810,863
• Recent value change: -0.92%
• Estimated rent: $6,284 per month with a 3.93% rental yield
• Only 1 house sold in 2026 so far
• Growth rank: 10 out of 36 neighbourhoods in Burnaby - solidly above average
• Price rank: 14 out of 35 - above average in price for Burnaby

The honest read here? Our houses are holding their own on the Burnaby leaderboard. A top-10 growth ranking means we are outperforming more than half the city. But values are drifting slightly downward month over month, and with only one sale logged in 2026, we do not have a flood of data to work with. Thin transaction volume means prices can move fast in either direction.

Check the neighbours for context. Marlborough is slightly pricier at an HD Price of $1,929,220 but growing slower (-0.05%). Cascade-Schou comes in cheaper at $1,786,238 with the same growth rate as us (-0.04%). Maywood is the budget option at $1,412,483 and growing the slowest of the group (-0.09%). Garden Village sits in a comfortable middle ground - not the cheapest, not the flashiest, but genuinely competitive.

Condos

The condo picture is a different conversation. Here is where we need to be straight with each other:

• Average HonestDoor Price: $604,681 - down 1.19% from last period
• Average assessed value: $578,824
• HonestDoor Price is 4.47% above that assessment
• Average sale price: $427,000 at roughly $558 per square foot
• Predicted market value: $611,983 - down from a 3-month average of $616,104
• Recent value change: -0.13%
• Estimated rent: $2,856 per month with a 3.72% rental yield
• 8 condo transactions in 2026 - more active than the house market
• Growth rank: 31 out of 37 neighbourhoods in Burnaby - bottom performers
• Price rank: 26 out of 26 - the most affordable condos in Burnaby

That growth rank is the number to sit with. 31 out of 37 puts our condos near the back of the pack in Burnaby. And while "most affordable in Burnaby" sounds like a selling point, it also signals that condo demand here has not been keeping pace. The nearby neighbourhoods - Maywood, Cascade-Schou, and Marlborough - are all running HD Prices above $1 million for condos, which tells you those markets are a different product mix entirely. Our condos are genuinely more entry-level, and right now that segment is soft.

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

Here is the thing about BC Assessment. That number was calculated using data from July 1st of last year. A lot has happened since then. The HonestDoor Price pulls from real-time market signals - recent sales, current demand, what buyers are actually paying today - not what they were paying 12 months ago.

For house owners in Garden Village, your assessment says $1,854,972 but the HonestDoor Price says $1,819,428. That is a $35,000 gap. If you are pricing a listing based on your assessment, you could be starting the conversation in the wrong place and watching buyers walk.

For condo owners, the flip side is true. Your assessment says $578,824 but the HonestDoor Price says $604,681 - nearly 4.5% higher. The city is actually undervaluing your unit right now. That is useful information whether you are selling, refinancing, or just keeping score.

With 1,705 houses and 927 condos assessed in Garden Village this year, there is a lot of property value at stake. A stale government number is not your friend. Check your HonestDoor Price at honestdoor.com - it takes about 30 seconds and it is free.

The So What: Thinking About Selling This Summer?

If you own a house and you are considering listing, the window is real but it is not wide open. Our growth rank of 10 out of 36 means buyers still see Garden Village as a legitimate target in Burnaby. But with values sliding slightly off their 3-month peak and only one house trading hands in 2026 so far, you are operating in a low-liquidity market. That cuts both ways - less competition from other sellers, but also fewer buyers actively shopping. Price it sharp and you will find your person. Price it on hope and you will sit.

If you own a condo and are thinking about selling this summer, be realistic. A growth rank of 31 out of 37 and the softest price point in Burnaby means you are competing hard for a smaller pool of buyers. The good news is your HonestDoor Price at $604,681 is running above assessment, so there is real value to communicate. Lead with that. And watch what happens in Maywood - their average sale price of $470,000 versus our $427,000 tells you buyers will cross the street for the right deal.

Bottom line for Garden Village: houses are holding their ground, condos need a realistic strategy, and everyone should know their HonestDoor Price before they do anything. The city's assessment is a starting point - not a finish line.

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.