Maywood, Burnaby - August 2026 Real Estate Report

Maywood, Burnaby Real Talk: Your Home Is Worth More Than the City Thinks - But Watch the Trend

If you have been watching the "For Sale" signs in Maywood lately, here is what is actually happening. The city's assessment says one thing. The real market says something very different. And right now, the gap between those two numbers is where the story lives.

The Vibe: Houses vs. Condos in Maywood

Houses

We are in a quiet patch for house sales right now. Only 1 house sold this month, and the average sale price sits at $1,110,000 at roughly $839 per square foot. That number has held steady, which is actually a decent sign in a market that has been softening across Burnaby.

The bigger picture though? The HonestDoor Price for houses in Maywood is $1,421,977 - and it is drifting slightly below the 3-month moving average of $1,426,610. Values are down 0.88% recently. Not a crash, but the market is taking a breather. On the neighbourhood leaderboard, Maywood houses rank 31 out of 36 for growth in Burnaby. That puts us near the bottom of the pack. Price rank is 24 out of 35 - below average for Burnaby. Honest answer: houses here are not leading the charge right now.

• Average sale price: $1,110,000
• Price per square foot: $839
• HonestDoor predicted value: $1,421,977
• Rental estimate: $5,221 per month
• Rental yield: 4.48%
• Growth rank: 31 out of 36 in Burnaby
• Price rank: 24 out of 35 in Burnaby

Condos

Condos are a different story - and a more interesting one. The average sale price dropped to $592,000 this month, down 17.1% from last month. That sounds alarming, but with only 2 sales, one outlier transaction can swing that number hard. Do not read too much into a single month.

What matters more is that the HonestDoor Price for Maywood condos is $1,144,942, and it is up 3.69% from the previous period. That is a real signal of underlying demand. We rank 7 out of 26 for condo prices in Burnaby - that is above average, and it means Maywood condos are genuinely competitive. On the growth leaderboard, we sit at 24 out of 37 - below average, but not at the bottom. The condo market here is also outpacing nearby Marlborough, where the average predicted value is $1,081,761. Maywood condos are holding their own.

• Average sale price: $592,000 (down 17.1% - low volume, read with caution)
• Price per square foot: $642
• HonestDoor predicted value: $1,144,942
• HonestDoor Price change: up 3.69%
• Rental estimate: $4,241 per month
• Rental yield: 3.20%
• Airbnb rank in Burnaby: 8th - strong short-term rental potential
• Growth rank: 24 out of 37 in Burnaby
• Price rank: 7 out of 26 in Burnaby

The Secret Sauce: Why You Need Your HonestDoor Price Right Now

Here is the thing about your city tax assessment. It is a snapshot from the past. The assessed value for houses in Maywood averages $1,031,880. The HonestDoor Price? $1,387,853. That is a gap of 34.5%. For condos, the assessed value averages $744,661 while the HonestDoor Price sits at $1,187,175 - a staggering 59.42% higher.

That gap is not a rounding error. It is the difference between what the government last got around to calculating and what a buyer would actually put on the table today. If you are making any financial decision - refinancing, selling, even just figuring out your net worth - using the assessed value is like navigating with an old map. The HonestDoor Price updates in real time. It is the number that reflects what is actually happening on the street, not what happened 12 to 18 months ago when assessors were doing their rounds.

Check your HonestDoor Price before you do anything else. It takes two minutes and it could change every conversation you have with your bank or your realtor.

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

If you own a house in Maywood and you are thinking about listing this summer, here is the straight talk. The market is not running hot. Growth ranks near the bottom of Burnaby neighbourhoods, and nearby areas like Marlborough and Suncrest are priced higher and growing faster. That does not mean you cannot sell well - it means you need to price smart and not leave money on the table by anchoring to your assessed value.

Your HonestDoor Price of roughly $1,387,853 to $1,421,977 is your real starting point for that conversation. A good listing strategy in a slower market beats a bad one in a hot market every time.

For condo owners, the picture is a bit brighter. The HonestDoor Price is trending up 3.69%, you are ranked 7th in Burnaby for condo prices, and your rental income potential at $4,241 per month gives buyers a compelling investment story. If you are selling a condo this summer, you have a real argument to make - and the numbers back you up.

Bottom line: Maywood is not the flashiest neighbourhood on the Burnaby leaderboard right now. But the gap between assessed values and real market prices means most owners here are sitting on more equity than they realize. Know your number. Then decide.

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.