Kingsway-Beresford, Burnaby - September 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 going off your last BC Assessment notice, you're working with stale numbers. Here's the real picture right now - and it's more nuanced than most people think.

The Vibe: What's Actually Happening on Our Streets

Let's split this into houses and condos, because they're telling two very different stories right now.

Houses in Kingsway-Beresford

If you've been watching the "For Sale" signs around here, the house market is taking a breather. The HonestDoor Price for houses sits at $1,592,254 - that's actually $18,478 below the average assessed value of $1,610,732. In plain terms, the city thinks our homes are worth a little more than the market does right now. That gap matters if you're pricing to sell.

The predicted market value for houses is $1,573,800, and it's drifting slightly below the 3-month moving average of $1,585,033. Values have dipped 0.76% recently. Not a crash - just a soft patch. We've seen this before.

• Average HonestDoor Price: $1,592,254 (up 1.17% from last period)
• Predicted Market Value: $1,573,800
• Average Sale Price: $803,950
• Price Per Square Foot: $721
• Properties Sold in 2026: 4 (essentially flat month over month)
• Estimated Monthly Rent: $5,691
• Rental Yield: 4.16%
• Growth Rank: 8 out of 36 neighbourhoods in Burnaby - above average
• Price Rank: 30 out of 35 - among the most affordable in Burnaby

That price rank is actually a hidden story. We're in the top tier for growth performance but sitting near the bottom for price - which means Kingsway-Beresford houses offer more runway than pricier Burnaby neighbourhoods. Windsor next door has an HD Price of $1,835,514. Richmond Park is at $1,636,303. We're the more affordable entry point with comparable growth momentum.

Condos in Kingsway-Beresford

Here's where it gets interesting for condo owners. The HonestDoor Price for condos is $990,516 - and that's 45.81% higher than the average assessed value of $679,322. If you own a condo here and you're basing any financial decision on your assessment, you're leaving a massive gap on the table.

Yes, the HonestDoor Price has dipped 2.28% from the previous period. But the predicted market value of $1,013,624 is actually trending up against the 3-month moving average of $1,005,632. Values have moved 2.77% recently. The short-term wobble and the medium-term trend are pointing in opposite directions - so don't panic-sell based on one month.

• Average HonestDoor Price: $990,516 (down 2.28% from last period)
• Predicted Market Value: $1,013,624
• Average Sale Price: $592,500
• Price Per Square Foot: $649
• Properties Sold in 2026: 2 (essentially flat month over month)
• Estimated Monthly Rent: $4,033
• Rental Yield: 3.28%
• Growth Rank: 13 out of 37 neighbourhoods in Burnaby - above average
• Price Rank: 16 out of 26 - below average in price in Burnaby

For context, Richmond Park condos are sitting at an HD Price of $1,621,774. Edmonds comes in at $1,031,961. We're priced below both - and growing faster than Richmond Park. That's a competitive position if you're a buyer or a landlord running the numbers.

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

BC Assessment values are a snapshot frozen in time - typically reflecting market conditions from the previous July. A lot has moved since then. The HonestDoor Price is updated in real time using actual transaction data, so it reflects what buyers are doing today, not what they were doing a year ago.

For house owners here, the HonestDoor Price is running $18,478 below the assessed value. That's a signal - if you list based on the assessment and the market doesn't support it, you'll sit. For condo owners, the gap runs the other way by nearly $311,000. Your condo is almost certainly worth far more than the city says on paper.

With 1,356 houses and 734 condos assessed this year across Kingsway-Beresford, and only 13 total property transactions recorded in 2026, the sales volume is thin. Thin volume means each transaction moves the needle more. Your HonestDoor Price is the real-world check - use it.

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

Here's the straight talk for anyone considering listing in Kingsway-Beresford this summer.

For house sellers - you're in a neighbourhood that ranks 8th out of 36 in Burnaby for growth. That's a strong leaderboard position to put in your listing pitch. But the predicted value is drifting slightly below the 3-month trend, so pricing sharp from day one beats chasing the market down. Rental demand is real at $5,741 per month average - investors are watching this area.

For condo sellers - the medium-term trend is your friend. The predicted value is climbing above the 3-month average, and your assessed value is dramatically understating what the market will actually pay. Get your HonestDoor Price in front of your agent before you agree on a list price. The gap between $679,322 and $990,516 is not a rounding error.

For both - Kingsway-Beresford holds the number 1 total transaction rank in Burnaby for houses. Buyers are active here. Summer inventory tends to be competitive. If your price is right and your HonestDoor Price backs it up, you're in a good spot. If you're guessing based on a year-old assessment, you're flying blind.

Bottom line: this neighbourhood is not flashy, but it's consistent. Above-average growth, below-average price - that combination does not stay quiet forever.

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.