Marlborough, Burnaby - August 2026 Real Estate Report

Marlborough, Burnaby: Your Home Is Probably Worth Less Than The City Thinks

If you have been watching the "For Sale" signs in Marlborough lately, here is what is actually happening. The city's assessment says one thing. The real market is saying something a little different. And if you are making any decisions this summer, you need to know the gap.

The Vibe: Houses vs. Condos in Marlborough Right Now

We are looking at two very different stories on the same streets, so let us break them down honestly.

Houses

The house market here is quiet - and we mean that literally. One property sold this month. The average sale price sits at $2,310,000, essentially flat from last month, with a price per square foot around $728. That sounds strong on paper, but the underlying numbers tell a more cautious story.

• Average HonestDoor Price: $1,909,177
• Recent price change: -0.98%
• 3-month predicted value trend: decreasing (from $1,935,319 to $1,928,095)
• Estimated monthly rent: $6,549
• Rental yield: 3.82%
• Airbnb potential: $325 per night
• Neighbourhood growth rank: 24 out of 36 in Burnaby - below average
• Price rank: 3 out of 35 in Burnaby - one of the most expensive

So we are living in one of Burnaby's priciest pockets, but growth is lagging behind most of the city. Values have slipped 0.53% recently and the 3-month trend is still pointing down. The house market is taking a breather.

Condos

Condos are a different conversation. Activity is higher - 48 transactions recorded in 2026 across 4,119 assessed properties - and the HonestDoor Price is actually up 3.14% from the previous period. That is a real bright spot.

• Average HonestDoor Price: $1,115,695
• Recent price change: +3.14%
• 3-month predicted value trend: decreasing slightly (from $1,086,309 to $1,081,761)
• Average sale price this month: $518,000 (down 25.7% from last month)
• Price per square foot: $959
• Estimated monthly rent: $4,108
• Rental yield: 3.26%
• Airbnb potential: $204 per night
• Neighbourhood growth rank: 18 out of 37 in Burnaby - above average
• Price rank: 10 out of 26 in Burnaby - above average in price

That 25.7% drop in average sale price month-over-month sounds alarming, but with only one sale recorded, a single transaction can swing that number hard. Do not read too much into one data point. The HonestDoor Price trend is the more reliable signal here, and it is pointing up.

The Secret Sauce: Why Your Tax Assessment Is Lying To You Right Now

Here is the thing about your BC Assessment notice. It reflects a snapshot from July 1st of the previous year. The market has moved since then - and in Marlborough, it has moved downward for houses.

The city's average assessed value for houses here is $2,001,218. The average HonestDoor Price is $1,909,177. That is a gap of roughly $92,000. The HonestDoor Price runs 4.60% below the assessed value right now. For condos, the situation flips - the HonestDoor Price of $1,115,695 is actually 53.44% above the average assessed value of $727,106, which tells you the condo assessment data is seriously out of date.

The HonestDoor Price updates in real time using actual sales data, market trends, and comparable properties. It is the real-world check against a number the city calculated months ago. If you are a house owner in Marlborough, your property is likely worth less than your assessment suggests. If you own a condo, your assessment may be dramatically understating your actual value.

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

Let us be straight with you. Here is what the data means if you are considering a move.

For house sellers - pricing off your assessment is a mistake right now. With values down 0.98% and the 3-month trend still drifting lower, buyers are going to push back on anything that feels inflated. Marlborough houses rank 3rd in price across Burnaby, so the buyers who can afford this neighbourhood are sophisticated. They will know the numbers. Price sharp, price fast, and do not wait for the market to recover on its own schedule.

For condo sellers - you are in a better spot. The HonestDoor Price is up 3.14% and Marlborough ranks above average for condo growth in Burnaby. Transaction volume is real - 48 sales in 2026 compared to just 3 for houses. There is actual buyer activity here. Summer could be a reasonable window, but watch that 3-month moving average. It is still ticking down slightly, so do not sit on the listing too long.

One more thing worth knowing - nearby neighbourhoods like Garden Village (HD Price $1,798,529) and Oakalle (HD Price $1,476,870) are cheaper and growing faster than Marlborough for houses. Buyers have options. That is the competitive reality we are all working with right now.

Check your HonestDoor Price at honestdoor.com before you do anything else. It takes about 30 seconds and it will tell you more than your last assessment notice ever did.

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.