Kingsway-Beresford, Burnaby - July 2026 Real Estate Report

Kingsway-Beresford, Burnaby: Your Neighbour Isn't Telling You This About Home Prices

If you own property in Kingsway-Beresford and you're still looking at your BC Assessment notice to figure out what your place is worth, you're working with old information. Here's the real picture right now.

The Vibe: What's Actually Happening on Our Streets

Let's be straight with each other. The market here is taking a breather. Neighbourhood growth is down 0.05% year over year, and that's showing up differently depending on whether you own a house or a condo. The story splits pretty sharply between the two.

Houses: Solid Value, But Watch the Trend

If you own a house in Kingsway-Beresford, here's your snapshot. The HonestDoor Price is sitting at $1,585,893 - and that number is actually running about $24,839 below the city's average assessed value of $1,610,732. That gap matters. It means the official assessment is running a little hot compared to where the real market is right now.

• Average HonestDoor Price: $1,585,893 (down 0.60% from last period)
• Predicted market value: $1,595,406
• 3-month moving average: $1,598,267 (values are drifting lower)
• Average sale price: $915,000
• Price per square foot: $760
• Estimated monthly rent: $5,750
• Rental yield: 4.13%
• Properties assessed this year: 1,356
• Transactions in 2026: 5

On the neighbourhood leaderboard, houses here rank 28 out of 36 for growth in Burnaby - that puts us in below-average territory. For price rank, we sit at 21 out of 34. Not the cheapest, not the priciest. Right in the middle of the pack. Nearby Windsor is fetching HonestDoor Prices around $1,818,868 and Richmond Park is at $1,720,963, so we're running a bit behind our closest neighbours on price.

Condos: A Surprising Story Worth Paying Attention To

Here's where it gets interesting for us condo owners. The HonestDoor Price for condos in Kingsway-Beresford is $986,291 - and that is 45.19% higher than the average assessed value of $679,322. That is a massive gap. Your tax assessment is not even close to telling you what your condo is actually worth on the open market.

• Average HonestDoor Price: $986,291 (down 3.02% from last period)
• Predicted market value: $1,016,980
• 3-month moving average: $993,222 (values are trending up)
• Average sale price: $481,667
• Price per square foot: $715
• Estimated monthly rent: $4,055
• Rental yield: 3.26%
• Properties assessed this year: 734
• Transactions in 2026: 3

On the leaderboard, condos here rank 15 out of 37 for growth - that's above average in Burnaby, which is genuinely good news. For affordability, we rank 23 out of 26 on price, meaning our condos are among the most affordable in the city. That combination - above-average growth momentum and a lower price point - is exactly what buyers are hunting for right now. Compared to Richmond Park condos at $1,572,114, we look like a bargain.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

BC Assessment values your property once a year, using data that can be months old by the time it lands in your mailbox. The market doesn't wait for that schedule. The HonestDoor Price updates in real time, pulling from actual transaction data and current market signals. Think of it as the difference between a weather forecast from this morning versus one from last November.

For condo owners here, that difference is enormous right now. A 45.19% gap between the assessed value and the HonestDoor Price means if you're making any financial decision - refinancing, selling, even just understanding your net worth - using the assessment number alone is leaving serious money on the table. For house owners, the gap runs the other way: the assessment is slightly above the HonestDoor Price, which is a useful reality check before you set a listing price.

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

Here's the honest take for anyone considering a move this summer.

For house sellers: values are drifting slightly lower - the predicted value of $1,595,406 is sitting below the 3-month moving average of $1,598,267. That's not a crash, but it does suggest that waiting around hoping for a big bounce may not be the right play. We rank 1st in Burnaby for total transactions, which means buyer activity is real here. Pricing sharp and moving with confidence is likely a better strategy than holding out.

For condo sellers: the momentum is actually pointing up. The predicted value of $1,016,980 is above the 3-month moving average of $993,222, and our above-average growth rank of 15 out of 37 gives you something to work with in a negotiation. The affordability angle - being among the most accessible condos in Burnaby - means your buyer pool is wider than you might think. Summer could be a decent window.

Either way, check your HonestDoor Price before you do anything else. It's the real-world number - not the government's best guess from six months ago.

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.