Lyndhurst, Burnaby - August 2026 Real Estate Report

Lyndhurst, Burnaby: What Your Home Is Actually Worth Right Now

If you live in Lyndhurst and you haven't checked your HonestDoor Price lately, this is your nudge. The city's assessment and what buyers will actually pay are telling two different stories - and the gap matters for your wallet.

The Vibe: What's Happening on Our Streets

Lyndhurst is a quiet, steady neighbourhood right now. We're not seeing a frenzy, and we're not seeing a crash. Think of it as the market taking a breather. Here's how houses and condos are stacking up:

Houses in Lyndhurst

• Average sale price: $1,700,000
• Price per square foot: $842
• HonestDoor Price: $1,196,805 (predicted market value)
• 3-month moving average: $1,199,686 - values are easing slightly
• Estimated monthly rent: $4,691
• Rental yield: 4.54%
• Properties sold in 2026: 1
• Growth rank: 22 out of 36 neighbourhoods in Burnaby - below average
• Price rank: 10 out of 35 - above average in price

Our houses sit in the upper tier for price in Burnaby, but growth has slowed. Values are down about 0.40% recently, and the 3-month trend confirms that slide. It's not alarming - but it's real. If you're a homeowner here, you're sitting on a high-value asset in a market that's pausing, not collapsing.

Compare that to our neighbours: Cameron homes are cheaper and growing slower, Lake City is cheaper and also slowing, and Cariboo-Burquitlam is priced much higher but also cooling. Lyndhurst holds its own on price - we're just not the fastest-moving block on the leaderboard right now.

Condos in Lyndhurst

• Average sale price: $590,000
• Price per square foot: $798
• HonestDoor Price: $909,657 (predicted market value)
• 3-month moving average: $927,913 - a noticeable dip
• Estimated monthly rent: $3,484
• Rental yield: 3.57%
• Properties sold in 2026: 3 (essentially flat month over month)
• Neighbourhood growth: 0.00% year over year
• Growth rank: 29 out of 37 neighbourhoods in Burnaby - below average
• Price rank: 22 out of 26 - among the most affordable in Burnaby

Condo values here have shifted down 3.34% recently - that's the number to watch. The 3-month moving average dropping from $927,913 to $909,657 tells us the softening isn't a one-week blip. On the flip side, our condos are beating nearby Cameron ($497,667 average sold price) and Cariboo-Burquitlam ($548,000), so we're holding a relative edge on actual sale prices even as assessed values lag behind.

One bright spot: the HonestDoor Price for condos is up 5.25% from the previous period. That's a meaningful jump and worth paying attention to if you own a condo here.

The Secret Sauce: Why Your HonestDoor Price Beats the Tax Assessment Right Now

Here's the thing about BC Assessment numbers - they're a snapshot from July 1st of the previous year. By the time that letter hits your mailbox, the data is already stale. The market doesn't wait for paperwork.

For houses in Lyndhurst, the city's average assessed value sits at $1,188,985. The HonestDoor Price is $1,180,424 - that's 0.72% lower than the assessed value. That gap is the city's assessment overestimating what buyers are actually paying today. If you're pricing a listing based on your assessment alone, you could be starting in the wrong place.

For condos, the contrast is even sharper. The average assessed value is $550,612, but the HonestDoor Price is $957,390 - a full 73.88% higher. The assessment is dramatically undervaluing what condos here are actually worth in the real world. That's not a rounding error. That's a completely different number.

The HonestDoor Price pulls in real-time sales data, current market trends, and comparable transactions. It's updated continuously - not once a year. That's the difference between a GPS and a paper map.

So What? What This Means If You're Thinking of Selling This Summer

Selling in Lyndhurst this summer? Here's the straight talk:

• House sellers: You're in a high-price neighbourhood, but values are easing. Sitting on the fence waiting for a rebound could cost you. Listing while you're still ranked 10th out of 35 on price in Burnaby is a stronger position than waiting to see where the 3-month trend lands.
• Condo sellers: The recent 3.34% value drop and a growth rank of 29 out of 37 means the window for peak pricing may be narrowing. The HonestDoor Price is still strong at $909,657, but the moving average is heading in one direction right now.
• For both: Don't anchor your expectations to the tax assessment. A house assessed at $1,188,985 and a condo assessed at $550,612 are not what buyers are using to make offers. Your HonestDoor Price is the real-world check.
• Rental angle: Houses yield 4.54% and condos yield 3.57%. If selling feels premature, holding and renting is a legitimate play - especially with house rents estimated at $4,691 per month.

Bottom line: Lyndhurst is a solid neighbourhood with real value. But this is not a "wait and see" market right now. If selling is on your radar, get your HonestDoor Price, compare it to your assessment, and make a decision based on what's actually happening - not what happened last July.

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.