Marlborough, Burnaby - July 2026 Real Estate Report

Marlborough, Burnaby: Your Home Is Worth Less Than the City Thinks - And That Actually Matters

If you own property in Marlborough and you have not checked your numbers lately, now is the time. The city's assessment and what buyers will actually pay are telling two very different stories right now. Here is what is really going on in our corner of Burnaby.

The Vibe: Houses vs. Condos in Marlborough

We are looking at two very different markets on the same streets, and the gap between them is worth paying attention to.

Houses

If you have been watching the "For Sale" signs on the house side of Marlborough, here is the honest picture. Sales are quiet - only 1 house sold recently, and the average sale price sits at $2,310,000 at roughly $728 per square foot. The HonestDoor Price for houses is $1,938,343, which is actually trending up from the 3-month moving average of $1,917,889. That is a good sign. It means the directional momentum is positive even if overall growth is flat.

• Average Sale Price: $2,310,000
• Price Per Square Foot: $728
• HonestDoor Predicted Value: $1,938,343 (up from 3-month average of $1,917,889)
• Estimated Monthly Rent: $6,624
• Rental Yield: 3.81%
• Properties Sold Recently: 1
• Neighbourhood Growth Rank: 10 out of 36 in Burnaby - above average
• Price Rank: 5 out of 34 in Burnaby - among the most expensive

We are in the top tier for price in Burnaby, and sitting above average for growth. The market is taking a breather, but we are not falling behind. Compared to nearby Garden Village (HonestDoor Price $1,815,153) and Maywood ($1,421,977), Marlborough houses are holding a clear premium.

Condos

The condo story in Marlborough is where things get really interesting - and a little complicated. With 11 condos sold recently and a growth rank of 7 out of 37 in Burnaby, we are actually among the top performers in the city. Values have moved up 2.99% recently, and the predicted market value of $1,104,644 is climbing past the 3-month average of $1,071,324.

• Average Sale Price: $693,082
• Price Per Square Foot: $849
• HonestDoor Predicted Value: $1,104,644 (up from 3-month average of $1,071,324)
• Estimated Monthly Rent: $4,116
• Rental Yield: 3.25%
• Properties Sold Recently: 11
• Recent Value Change: +2.99%
• Growth Rank: 7 out of 37 in Burnaby - top performers
• Price Rank: 12 out of 26 in Burnaby - above average

Our condos are priced competitively against Maywood ($692,500 average sold price) and slightly below Oakalle ($720,000). For renters and investors, $4,116 per month in estimated rent is a solid number in this market.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Counts

Here is the thing about your city assessment. It is a snapshot from the past. It does not update when the market shifts, when interest rates move, or when a slow sales month changes buyer sentiment. It is a static number used for tax purposes - not a real-world reflection of what a buyer would write a cheque for today.

For houses in Marlborough, the average assessed value is $2,001,218. The HonestDoor Price is $1,928,095 - that is 3.65% lower. If you are pricing your home based on the assessment, you could be setting expectations that the market will not meet. That leads to longer days on market and eventual price cuts, which is the worst outcome for a seller.

For condos, the gap runs the other direction - and it is dramatic. The average assessed value is $727,106, but the HonestDoor Price is $1,081,761. That is 48.78% higher than what the city has on file. If you are a condo owner who has not looked at your HonestDoor Price, you may be sitting on significantly more equity than you realize.

The HonestDoor Price pulls from real transaction data and updates in real time. It is the closest thing to what a buyer will actually offer you - not what a government office calculated months ago.

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

Summer selling in Marlborough comes down to which property type you own and how realistic you are about pricing from day one.

For house sellers - the market is thin right now. One sale is not a trend. You are in a premium price bracket (top 5 in Burnaby), which means your buyer pool is smaller and more selective. The HonestDoor Price of $1,938,343 is your anchor. Price above it without strong justification and you will sit. Price it right and you are selling one of the most expensive homes in the city to a buyer who has done their homework.

For condo sellers - the picture is brighter. Eleven sales, positive recent growth of 2.99%, and a growth rank of 7 out of 37 puts us in a strong position heading into summer. Buyers are active. The HonestDoor Price is trending up. If you have been waiting for the right moment, this is a better window than most of the past year.

For anyone on the fence - check your HonestDoor Price before you call an agent, before you renovate, and before you assume the city's number is your number. In Marlborough right now, those two figures can be very far apart, and knowing the difference is worth real money.

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.