Lochdale, Burnaby - September 2026 Real Estate Report

Lochdale, Burnaby: Your Home Is Worth More Than the City Thinks - Or Is It?

If you've been glancing at your latest BC Assessment notice and feeling pretty good about yourself, hold on. The real story in Lochdale right now is a little more complicated - and knowing the difference could save you from making a costly mistake this summer.

The Vibe Right Now

Lochdale is one of Burnaby's pricier pockets. With 2,138 properties assessed this year and only 9 transactions recorded in 2026, this is a neighbourhood where people tend to stay put. That low turnover keeps values high - but it also means when you do sell, pricing it right matters enormously.

Neighbourhood growth is essentially flat at -0.03% year over year. That is not a crash. Think of it as the market taking a breather after a long run. The bones here are strong - we rank 4th in Burnaby for average assessed value and 3rd for total transactions. That is a solid position to be in.

Houses: Steady, But Watch the Trend

If you own a house in Lochdale, here is what the numbers are actually telling us right now.

• Average sale price: $1,770,833
• Price per square foot: $1,107
• Properties sold recently: 3
• Predicted market value: $2,017,986
• 3-month moving average: $2,033,203
• Estimated monthly rent: $6,880
• Rental yield: 3.69%
• Recent value change: -0.53%
• Growth rank: 6 out of 36 neighbourhoods in Burnaby
• Price rank: 9 out of 35 neighbourhoods in Burnaby

The predicted market value is sitting just below the 3-month moving average. That is a small but real downward nudge. Nothing alarming - but it tells us the house market here is not accelerating right now. On the neighbourhood leaderboard, houses rank 6th out of 36 for growth in Burnaby. That puts us solidly in the top tier, even if momentum has softened slightly.

Condos: A Different Story Entirely

The condo picture in Lochdale is genuinely interesting. While the HonestDoor Price has dipped 3.32% recently to $2,182,594, the predicted market value of $2,257,625 is actually climbing above the 3-month moving average of $2,188,769. Recent value change sits at a strong +6.65%.

• HonestDoor Price: $2,182,594 (down 3.32% from previous period)
• Predicted market value: $2,257,625
• 3-month moving average: $2,188,769
• Estimated monthly rent: $7,122
• Rental yield: 2.55%
• Airbnb estimate: $347 per night
• Airbnb rank in Burnaby: 4th
• Growth rank: 2 out of 37 neighbourhoods in Burnaby

That growth rank is the headline. Second out of 37 in Burnaby puts Lochdale condos near the very top of the leaderboard. If you own a condo here, the short-term dip in the HonestDoor Price is worth watching - but the underlying momentum is pointing upward.

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. By the time it lands in your mailbox, it is already 6 to 18 months out of date. The market does not care about last year's snapshot.

In Lochdale, the average assessed value sits at $2,117,962. The average HonestDoor Price is $2,037,130 - that is 3.82% lower than what the city has on file. For houses, the gap between assessed value and real-world predicted value is even wider. Your HonestDoor Price pulls from current sales data, recent trends, and live market signals. It is the real-world check that your assessment simply cannot provide.

If you are pricing a home based on your assessment alone, you could be starting the conversation in the wrong place entirely. That gap is not just a number - on a $2 million property, 3.82% is roughly $80,000.

The So What - Thinking About Selling This Summer?

Selling in Lochdale this summer means navigating a market that is high-value but low-volume. Nine transactions in 2026 tells you buyers are selective. They are doing their homework. You need to do yours first.

A few things worth knowing before you list:

• Your neighbours in Westridge are priced lower at $1,710,822 average HonestDoor Price - buyers comparing neighbourhoods will notice
• Parkcrest-Aubrey sits at $2,013,793 and Capitol Hill at $1,980,004 - both cheaper, which means Lochdale needs to justify its premium
• Houses here rank 9th out of 35 in Burnaby for price - you are above average, and buyers know it
• The rental income story is strong at $6,928 average monthly estimate - lead with that if your buyer pool includes investors
• Airbnb potential ranks 5th in Burnaby for houses - another angle worth mentioning to the right buyer

The bottom line is this. Lochdale is not a neighbourhood in trouble. It is a premium pocket of Burnaby where smart pricing wins. Check your HonestDoor Price before you set your number, not after. The market is moving in real time - your strategy should too.

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.