Kingsway-Beresford, Burnaby - October 2026 Real Estate Report
Kingsway-Beresford, Burnaby: Steady Street, Real Numbers
If you live on one of these blocks and you have been quietly wondering what your place is actually worth right now - not what the city thinks it was worth last year - here is the straight story.
The Vibe: What Is Happening With Houses and Condos
The market here is not crashing and it is not on fire. It is taking a breather. Neighbourhood growth came in at -0.05% year over year, which puts us right in the middle of a broader cooling trend that is touching most of Burnaby. Here is how the two main property types are playing out differently.
Houses
If you own a house in Kingsway-Beresford, the numbers are holding up better than the overall growth rank might suggest. The average sale price is sitting at $1,998,500 with a price per square foot of around $763. Only 2 houses sold recently, so we are working with a thin market - which can cut both ways. Fewer sales means less downward pressure, but it also means one bad deal can skew the average fast.
- Average HonestDoor Price: $1,562,758
- Average Assessed Value: $1,610,732
- Predicted Market Value: $1,592,254 (trending up from the 3-month average of $1,583,982)
- Average Sale Price: $1,998,500
- Price Per Square Foot: $763
- Estimated Monthly Rent: $5,741
- Rental Yield: 4.14%
- Recent Value Change: +1.17%
- Neighbourhood Leaderboard - Growth Rank: 21 out of 36 in Burnaby (below average)
- Neighbourhood Leaderboard - Price Rank: 11 out of 35 in Burnaby (above average)
The short version: our houses rank well on price but we are sitting in the bottom half on growth momentum. The predicted value is ticking upward though, which is a small but real positive signal heading into summer.
Condos
This is where things get interesting - and a little complicated. The average sale price for condos is $610,000 with a price per square foot of $699. That sale price is actually running below nearby Richmond Park at $665,000, which is worth knowing if you are pricing a listing. The predicted market value at $990,516 is drifting slightly below the 3-month moving average of $996,810, and the recent value change of -2.28% tells us condos here are softening a bit right now.
- Average HonestDoor Price: $994,624
- Average Assessed Value: $679,322
- Predicted Market Value: $990,516 (trending down from 3-month average of $996,810)
- Average Sale Price: $610,000
- Price Per Square Foot: $699
- Estimated Monthly Rent: $3,973
- Rental Yield: 3.29%
- Recent Value Change: -2.28%
- Neighbourhood Leaderboard - Growth Rank: 25 out of 37 in Burnaby (below average)
- Neighbourhood Leaderboard - Price Rank: 13 out of 26 in Burnaby (above average)
Three condos sold recently, which is a thin slice of the 734 assessed properties here. We are above average on price but below average on growth momentum. If you own a condo and are thinking about selling, timing matters more right now than it did a year ago.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about your BC Assessment notice. That number was locked in on July 1st of last year. The market has moved since then - sometimes up, sometimes down. The city is not going to send you an updated letter.
For houses in Kingsway-Beresford, the average assessed value is $1,610,732 but the HonestDoor Price is $1,562,758. That is a gap of nearly $48,000. For condos, the gap runs the other direction and it is massive - the average assessed value is $679,322 but the HonestDoor Price is $994,624. That is a 46% difference. If a condo owner here is making any financial decision based on their assessment, they are working with a number that is wildly out of date.
The HonestDoor Price updates in real time using actual transaction data. It is the real-world check against a static government snapshot. Check yours before you do anything else.
The So What: Thinking About Selling This Summer?
Summer is typically when Burnaby listings get the most foot traffic. Here is what the data is telling us for Kingsway-Beresford specifically.
For house sellers, the predicted value is moving in the right direction and your price rank in Burnaby is strong - 11th out of 35 neighbourhoods. The total transaction rank of 1 in Burnaby means we are one of the most active areas for deals. That is real buyer activity, not just window shopping. The window to list while momentum is still positive is open, but it is not going to stay open indefinitely with growth sitting at -0.05%.
For condo sellers, the -2.28% recent value change is a yellow flag, not a red one - but it is worth taking seriously. Condos here are priced above average for Burnaby, which is good, but they are losing ground on growth compared to neighbours like Edmonds and Richmond Park. If you are planning to sell, sooner is likely better than later while your price rank still holds.
For anyone thinking about renting instead of selling, the house rental estimate of $5,741 per month with a 4.14% yield is a reasonable return. Condo rental at $3,973 per month with a 3.29% yield is moderate - it covers costs in most scenarios but is not a windfall.
Bottom line: Kingsway-Beresford is not a neighbourhood in trouble. It is a neighbourhood where knowing your real number - not the city's old number - is the difference between a smart move and a costly guess. Pull your HonestDoor Price and go from there.
kingsway-beresford | burnaby | october 2026This 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.