Lochdale, Burnaby - July 2026 Real Estate Report

Lochdale, Burnaby: Your Home Is Worth More Than You Think - But the Market Is Sending Mixed Signals

If you own a home in Lochdale and you have not checked your HonestDoor Price lately, now is the time to do it. The city's assessment says one thing. The actual market is saying something a little different. Here is the real picture.

The Vibe: What Is Actually Happening in Lochdale Right Now

Lochdale is one of Burnaby's pricier pockets - ranked 4th out of all Burnaby neighbourhoods for average assessed value. That is a strong position. But "assessed value" and "what your home would actually sell for today" are two different numbers, and right now there is a gap worth paying attention to.

With 2,138 properties assessed this year and only 5 transactions recorded in 2026, this is a neighbourhood where homes do not change hands often. Low turnover can mean strong demand - or it can mean owners are waiting to see which way the wind blows. Either way, when a Lochdale home does sell, it is an event.

Houses: Solid Ground, But Not a Rocket Ship

Let us be straight with you on houses. The average sale price is sitting at $1,427,500, with a price per square foot around $1,091. Only 2 properties sold recently, essentially unchanged from the month before. This is a thin market - a couple of sales in either direction can move the needle fast.

• Predicted market value (houses): $2,052,820
• 3-month moving average: $2,028,642 - values are trending up from that baseline
• Estimated rent: $6,970 per month
• Rental yield: 3.68%
• Recent price change: -0.56%
• Airbnb income potential: approximately $346 per month

On the neighbourhood leaderboard, Lochdale houses rank 20 out of 36 for growth in Burnaby - that puts us squarely in below-average territory for price momentum right now. The market is taking a breather. But on price rank, we sit at 12 out of 34 - above average. So we are a premium neighbourhood that is not currently running hot. That is a nuanced position, and it matters if you are thinking about timing a sale.

Condos: A Different Story - And a Stronger One

Here is where it gets interesting. Lochdale condos are punching harder than the houses right now.

• Average HonestDoor Price (condos): $2,116,843
• Predicted market value: $2,191,837
• 3-month moving average: $2,100,065 - also trending upward
• Recent price change: +2.39%
• Estimated rent: $7,007 per month
• Rental yield: 2.57%
• Airbnb income potential: approximately $348 per month
• Airbnb rank in Burnaby: 4th

On the condo leaderboard, Lochdale ranks 11 out of 37 for growth in Burnaby - that is above average. Condo values here are moving in the right direction, and the predicted value of $2,191,837 is already running ahead of the 3-month average. If you own a condo in Lochdale, the momentum is on your side right now.

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

Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1 of the previous year. It does not know what happened in the market last month, last week, or yesterday. It is a rearview mirror, not a windshield.

The average assessed value in Lochdale sits at $2,117,962. The average HonestDoor Price for houses is $2,028,803 - that is 4.21% lower than the assessed value, and it has dipped 1.17% from the previous period. That gap is not a small rounding error. On a $2 million home, 4.21% is roughly $89,000. If you are pricing a listing based on your assessment, or if a buyer is using it to anchor their offer, someone is working with stale data.

The HonestDoor Price pulls from real-world transaction data and updates in real time. It is the number we use when we want to know what a home is actually worth today - not what the government thought it was worth 12 months ago.

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

If you are a Lochdale homeowner eyeing a summer sale, here is the honest take.

The neighbourhood is premium - top 5 in Burnaby for assessed value and Airbnb potential. That is a real advantage. Buyers who want Burnaby's best addresses know Lochdale. But with house price growth ranked in the bottom half of Burnaby right now and recent values slipping 0.56%, you do not have the luxury of overpricing and waiting. Thin transaction volume means the market will not bail you out if you come in too high.

The smart move is to price against the HonestDoor Price - not the assessment. At $2,028,803 for houses, that is your real-world anchor. Come in sharp, and you stand out in a neighbourhood where only a handful of homes trade hands all year.

For condo owners, the picture is brighter. Values are up 2.39% recently and the predicted market value of $2,191,837 is ahead of the recent trend. If you have been sitting on the fence, the condo side of Lochdale has some wind behind it right now.

Bottom line - Lochdale is still one of Burnaby's top addresses. But this is not a market where you can set it and forget it. Check your HonestDoor Price, know your real number, and make your move with eyes open.

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.