Marlborough, Burnaby - October 2026 Real Estate Report
Marlborough, Burnaby: Your Home Is Worth Less Than the City Thinks - And That Actually Matters
If you have been watching property values in Marlborough and assuming your tax assessment tells the whole story, it is time for a reality check. The numbers on the ground are telling a different story right now - and knowing the difference could save you from a costly mistake this summer.
The Vibe: What Is Actually Happening in Our Neighbourhood
Marlborough is one of the pricier pockets in Burnaby. Houses rank 3rd out of 35 neighbourhoods for price, and condos sit at 3rd out of 26. We are not a bargain bin - but the market is taking a breather, and the data shows it.
Houses: Steady, But Watch the Trend
- Average HonestDoor Price: $1,888,886
- Down 2.09% from the previous period
- Average sale price: $1,650,000 - essentially flat right now
- Price per square foot: $818
- Predicted market value: $1,929,220 - up slightly from the 3-month average of $1,922,164
- Estimated rent: $6,600 per month - rental yield of 3.82%
- Airbnb potential: $323 per night
- Only 1 house sold in Marlborough so far in 2026 - a very thin market
- Neighbourhood growth: down 0.05% year over year
- Growth rank: 24 out of 36 in Burnaby - below average on the neighbourhood leaderboard
One sale does not make a trend, but it does mean pricing your house right matters more than ever. Buyers have options. With growth ranking in the bottom half of Burnaby neighbourhoods, we are not seeing the kind of momentum that lets sellers name their price and walk away.
Condos: More Action, But a Split Signal
- Average HonestDoor Price: $1,120,945
- Up 2.06% from the previous period
- Average sale price: $900,000 - up 27.1% from last month (based on 1 sale, so take that jump with a grain of salt)
- Price per square foot: $832
- Predicted market value: $1,098,324 - slightly below the 3-month average of $1,098,593
- Estimated rent: $4,088 per month - rental yield of 3.26%
- Airbnb potential: $204 per night
- 71 condo transactions in 2026 - the 2nd most active in all of Burnaby
- Neighbourhood growth: down 0.07% year over year
- Growth rank: 17 out of 37 in Burnaby - above average on the neighbourhood leaderboard
The condo side of Marlborough is where the real activity is. Ranking 2nd in Burnaby for total transactions means buyers are showing up. The HonestDoor Price is actually 54% above the city's assessed value for condos here - which is a massive gap that we will get into below.
The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters
Here is the thing about government assessments - they are a snapshot from the past. The city assessed the average Marlborough house at $2,001,218. But the HonestDoor Price right now is $1,888,886. That is a $112,332 gap. If you are pricing a listing based on your assessment, you may be starting the conversation in the wrong place entirely.
For condos, the gap flips the other way - and it is dramatic. The average city assessment sits at $727,106, but the HonestDoor Price is $1,120,945. That is 54% higher than what the city has on record. If a condo owner here is basing any financial decision on that assessment number, they are leaving a massive amount of equity unaccounted for.
The HonestDoor Price updates in real time using actual market activity. The city assessment does not. That difference is not just academic - it affects how you price, how you negotiate, and how you plan.
The "So What?" - Thinking About Selling This Summer?
For house sellers: the market is quiet. One transaction so far in 2026 means you will not have a lot of comparable sales to lean on. The predicted value of $1,929,220 is nudging upward, which is a good sign, but growth ranks 24th in Burnaby. Buyers know they have leverage. Price sharp, present well, and use the HonestDoor Price as your anchor - not the assessment.
For condo sellers: the timing looks better. Transaction volume is the second highest in Burnaby, which means there is a real buyer pool out there. The HonestDoor Price is up 2.06% and the predicted value is holding near $1,098,000. The one thing to watch - nearby Maywood condos are predicted at $1,162,486, which is slightly above us. That gap is worth understanding before you set your ask.
Bottom line for both: do not wait for next year's assessment to tell you what your home is worth today. Check your HonestDoor Price now, compare it to what sold nearby, and go into any conversation with a buyer knowing your real number - not the city's old one.
How We Stack Up Against the Neighbours
- Maywood - House HD Price $1,378,774, Condo HD Price $1,195,501 - cheaper on houses, slightly pricier on condos, growing slower
- Oakalle - House HD Price $1,461,704, Condo HD Price $673,494 - cheaper across the board, growing slightly faster
- Garden Village - House HD Price $1,786,841, Condo HD Price $624,443 - cheaper across the board, growing faster
Marlborough commands a premium over every nearby neighbourhood for houses. On condos, we sit well above Oakalle and Garden Village. If a buyer is cross-shopping, they are paying more to be here - which means your presentation and pricing have to justify that gap.
marlborough | burnaby | october 2026This 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.