Lochdale, Burnaby - August 2026 Real Estate Report

Lochdale, Burnaby: Your Home Is Worth Less Than the City Thinks

If you have been glancing at your latest BC Assessment notice and feeling pretty good about yourself, pump the brakes. The real-world numbers in Lochdale right now are telling a different story - and it is one every homeowner on the block needs to hear before summer hits.

The Vibe: What Is Actually Happening in Lochdale

Let us break it down by property type, because houses and condos are not moving the same way right now.

Houses

The average assessed value for a house in Lochdale sits at $2,118,056. Sounds great on paper. But the HonestDoor Price - which tracks what buyers are actually paying right now - comes in at $2,018,333. That is a gap of nearly $100,000 between what the city says your home is worth and what the market is saying. And that HonestDoor Price has dipped another 0.52% from the previous period, with a recent change of -1.19%.

We saw only 1 house sell in Lochdale recently, with an average sale price of $1,695,000 and a price per square foot of around $1,263. The predicted market value sits at $2,028,803, but that number is sliding - it is down from a 3-month moving average of $2,048,776. The market is taking a breather, and the trend line is pointing downward.

• Average HonestDoor Price (Houses): $2,018,333
• Average Assessed Value: $2,118,056
• Recent Sale Price Average: $1,695,000
• Price Per Square Foot: $1,263
• Estimated Monthly Rent: $6,907
• Rental Yield: 3.69%
• Airbnb Potential: $343 per night (ranked 5th in Burnaby)
• Neighbourhood Growth Rank: 33 out of 36 in Burnaby - bottom of the leaderboard

That growth rank is the number we keep coming back to. Out of 36 comparable neighbourhoods in Burnaby, Lochdale houses rank 33rd for growth. That is not a blip - that is a pattern worth watching. On price alone, we rank 14th out of 35, which means we are still a premium address. But premium addresses do not stay that way if growth keeps lagging.

Condos

Condos in Lochdale are a different animal right now. The average HonestDoor Price jumped 6.65% from the previous period to $2,257,625. That is a real move. But before anyone pops champagne, the predicted market value sits at $2,116,843 - and it is also sliding from a 3-month moving average of $2,149,815. Recent value change is -3.42%, and the growth rank is 30 out of 37 in Burnaby.

• Average HonestDoor Price (Condos): $2,257,625
• HonestDoor Price Change: +6.65% from previous period
• Predicted Market Value: $2,116,843
• 3-Month Moving Average: $2,149,815
• Estimated Monthly Rent: $6,856
• Rental Yield: 2.60%
• Airbnb Potential: $354 per night (ranked 4th in Burnaby)
• Neighbourhood Growth Rank: 30 out of 37 in Burnaby - bottom tier

The short-term HonestDoor bump is encouraging, but the 3-month trend and the growth rank tell us not to get too comfortable. The rental yield of 2.60% is moderate at best - meaning if you are holding a condo here as an investment, the math is not exactly printing money.

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

Here is the thing about BC Assessment. That number is calculated using data from July 1st of the previous year. It is a snapshot of a market that no longer exists. By the time that notice lands in your mailbox, it is already months out of date.

The HonestDoor Price is updated in real time. It pulls from actual transactions, current market signals, and live data - not a government formula frozen in time. Right now in Lochdale, that difference is not small. For houses, the HonestDoor Price is 4.71% lower than the average assessed value. On a $2,118,056 assessed home, that is roughly $100,000 of paper value that the market is not currently backing up.

If you are making any financial decision - refinancing, listing, or just figuring out where you stand - use the HonestDoor Price as your real-world check. The assessment is for your property tax bill. The HonestDoor Price is for your actual life.

The So What: Should You Sell in Lochdale This Summer?

Straight talk - this is not a slam-dunk seller's market in Lochdale right now. Here is what the numbers are actually saying if you are thinking about listing this summer.

• Values are drifting down, not up. Both houses and condos are below their 3-month moving averages.
• Only 6 total property transactions happened in Lochdale in 2026. Low volume means less competition for buyers, but also fewer data points to anchor your price.
• Nearby neighbourhoods like Westridge and Capitol Hill are cheaper - and growing at the same rate. Buyers have options.
• Lochdale still ranks 4th in Burnaby for average assessed value, so the prestige of the address is real. That helps.

If you need to sell, price it sharp. The gap between assessed value and what buyers are actually paying is wide enough that an overpriced listing will sit. If you can wait, watch the 3-month trend. A couple of strong sales in the neighbourhood could shift the story quickly - and with 2,139 properties assessed here, there is a lot of potential inventory that could come to market at the same time.

Bottom line: Lochdale is still one of Burnaby's pricier addresses, and the Airbnb numbers are genuinely strong. But right now, the market is asking for patience and realistic pricing - not wishful thinking based on last year's assessment.

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.