Marlborough, Burnaby - September 2026 Real Estate Report

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

If you live in Marlborough and you have been glancing at your latest BC Assessment notice feeling pretty good about yourself, hold on. The real-world numbers tell a slightly different story - and knowing the gap could save you from making a costly mistake this summer.

The Vibe: What Is Actually Happening With Houses and Condos Right Now

Marlborough is a neighbourhood where the price tags are serious. On the house side, we are sitting among the most expensive in Burnaby - ranked 4th out of 35 neighbourhoods on price. On the condo side, we are 5th out of 26. This is not a budget-friendly corner of the city, and the data backs that up.

Houses

• Average HonestDoor Price: $1,929,220
• Average sale price (2026): $1,650,000
• Price per square foot: $818
• Estimated monthly rent: $6,549
• Rental yield: 3.83%
• Properties sold in 2026: 4 total transactions
• Growth rank: 11th out of 36 neighbourhoods in Burnaby - above average
• Recent value change: -0.98%

One house sold this month, and the average sale price dropped 28.6% from last month. Before anyone panics - one sale does not make a trend. With only 4 transactions recorded in 2026 so far, each individual sale swings the average hard. What we can say is that house values are drifting slightly downward. The 3-month moving average sits at $1,925,205, and the current predicted value of $1,909,177 is trending below that. The market is taking a breather.

Condos

• Average HonestDoor Price: $1,098,324
• Average sale price (2026): $803,000
• Price per square foot: $895
• Estimated monthly rent: $4,108
• Rental yield: 3.26%
• Properties sold in 2026: 57 total transactions
• Growth rank: 10th out of 37 neighbourhoods in Burnaby - above average
• Recent value change: +3.14%

Condos are a different story. The average sale price jumped 22.7% from last month - again, one sale, so take that swing with a grain of salt. But the underlying trend is more encouraging. The predicted value of $1,115,695 is actually climbing above the 3-month moving average of $1,100,700. Condo values here are nudging upward, and with 57 transactions in 2026, there is enough activity to give those numbers some weight. Marlborough condos rank 2nd in all of Burnaby for total transaction volume - meaning this market moves.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now

Here is the thing about BC Assessment. It is a snapshot frozen in time - typically reflecting market conditions from July 1st of the prior year. By the time that notice hits your mailbox, the market has already moved on.

For houses in Marlborough, the city's average assessed value is $2,001,218. The HonestDoor Price is $1,929,220. That is a gap of 3.60% - roughly $72,000 lower than what the assessment suggests. If you are pricing a listing based on your assessment, you may be starting the conversation in the wrong place.

For condos, the gap runs the other direction - and it is dramatic. The average assessed value is $727,106, but the HonestDoor Price is $1,098,324. That is 51.05% higher than the assessment. Condo owners in Marlborough who are relying on their tax notice to understand what their unit is worth are seriously underselling themselves.

The HonestDoor Price updates in real time using actual market data. It is the number that reflects what a buyer would actually pay today - not what the government estimated a year ago. Check yours at HonestDoor before you make any decisions.

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

If you own a house in Marlborough and you are thinking about listing, here is the honest read. Values are slightly off their recent peak, the neighbourhood growth rate dipped 0.05% year over year, and you are competing in a low-volume market. Only 4 house transactions have happened in 2026. That means your sale will matter - but it also means fewer comparable sales to anchor your price. Get your HonestDoor Price, talk to an agent who knows this street, and do not anchor to your assessment.

If you own a condo, the picture is more interesting. Values are ticking up, transaction volume is the 2nd highest in Burnaby, and your HonestDoor Price is likely far above what your assessment shows. Summer could be a reasonable window - buyer activity tends to pick up, and Marlborough condos are priced competitively against nearby neighbourhoods like Oakalle ($631,972 average HD Price) and Garden Village ($604,681). You are in a stronger position than most of your neighbours.

Either way - house or condo - the move right now is to get a current number. Not last July's number. Today's number.

• Nearby comparison - Maywood: HD Price $1,412,483 (houses), $1,162,486 (condos)
• Nearby comparison - Oakalle: HD Price $1,486,665 (houses), $631,972 (condos)
• Nearby comparison - Garden Village: HD Price $1,819,428 (houses), $604,681 (condos)
• Marlborough Airbnb rank in Burnaby: 11th (houses), 12th (condos)
• Average nightly Airbnb estimate: $328 (houses), $203 (condos)

Bottom line - Marlborough is one of Burnaby's pricier neighbourhoods, and it earns that reputation. But the market is nuanced right now. Know your real number before you act.

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.