Maywood, Burnaby - July 2026 Real Estate Report

Maywood, Burnaby: Your Home Is Worth Way More Than the City Thinks

If you have been glancing at your property tax assessment and feeling a little underwhelmed, here is the real number you should be looking at. The city says your home is worth one thing. The market says something very different. And in Maywood right now, that gap is impossible to ignore.

The Vibe: What Is Actually Happening in Maywood

Houses - Steady, Affordable, and Quietly Climbing

We are not seeing a frenzy here, and that is not a bad thing. House prices in Maywood are holding firm, with an average sale price of $1,110,000 and a price per square foot around $839. Only 1 house sold this past month, so the sample is thin - but the predicted market value of $1,434,543 is trending up from the 3-month moving average of $1,424,153. That is a market that is gaining ground, not losing it.

• Average Sale Price: $1,110,000 (essentially unchanged)
• Price Per Square Foot: $839
• Predicted Market Value: $1,434,543
• 3-Month Moving Average: $1,424,153
• Estimated Monthly Rent: $5,246
• Rental Yield: 4.47%
• Recent Value Change: +0.79%

Here is the stat that should make Maywood house owners feel good. Our growth rate ranks 4 out of 36 neighbourhoods in Burnaby. That puts us near the top of the leaderboard. And on price? We rank 28 out of 34, meaning we are still one of the more affordable options in the city. That combination - strong growth, accessible price - is exactly what buyers are hunting for right now.

Condos - More Action, More Upside

The condo side of Maywood is where things get interesting. Two condos sold this month at an average of $692,500, which is up 9% from last month. Price per square foot sits at $712. The predicted market value has climbed to $1,176,218, ahead of the 3-month moving average of $1,145,541. Values have moved 2.29% recently, and our growth rank sits at 12 out of 37 Burnaby neighbourhoods - solidly above average.

• Average Sale Price: $692,500 (up 9% from last month)
• Price Per Square Foot: $712
• Predicted Market Value: $1,176,218
• 3-Month Moving Average: $1,145,541
• Estimated Monthly Rent: $4,288
• Rental Yield: 3.18%
• Recent Value Change: +2.29%
• Condo Growth Rank in Burnaby: 12 out of 37
• Condo Price Rank in Burnaby: 9 out of 26 (above average)

For condo owners, the rental story is solid too. At $4,288 per month in estimated rent, Maywood condos are pulling in more than nearby Garden Village ($2,873) and Marlborough ($4,079). We are not the cheapest neighbourhood on the block, but we are delivering real returns.

The Secret Sauce: Your HonestDoor Price vs. That Government Assessment

This is the part every Maywood homeowner needs to read carefully. The city's assessed value is a snapshot frozen in time - it does not move with the market in real time. The HonestDoor Price does.

For houses, the average city assessment sits at $1,031,880. The average HonestDoor Price is $1,421,977. That is a gap of 37.80%. If you are making any financial decision - refinancing, selling, even just understanding your own net worth - using the assessment number is leaving serious money on the table.

For condos, the gap is even wider. The average assessed value is $744,661. The average HonestDoor Price is $1,144,942. That is 53.75% higher than what the city has on file. More than half again as much. The assessment is not wrong exactly - it is just old. The HonestDoor Price is the real-world check that reflects what buyers are actually paying today.

• House - City Assessment: $1,031,880 vs. HonestDoor Price: $1,421,977 (gap: +37.80%)
• Condo - City Assessment: $744,661 vs. HonestDoor Price: $1,144,942 (gap: +53.75%)

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

Here is the honest take for anyone in Maywood weighing a summer sale.

The market is not roaring, but it is not retreating either. House values ticked up 0.79% recently and the growth rank of 4 out of 36 tells us buyers still see Maywood as a smart buy. Condos are showing even more momentum with a 2.29% recent change and a 9% jump in average sale price month over month. That is real movement.

The catch? Neighbourhood growth did decline 0.09% year over year overall, and the HonestDoor Price for both houses and condos has dipped slightly from the previous period - 0.88% for houses and 2.66% for condos. The market is taking a small breather. It is not a warning sign, but it does mean timing matters.

If you are thinking about listing, summer is historically when buyer activity picks up. Maywood's affordability ranking - 28 out of 34 for houses - means you are priced to attract serious buyers who have been priced out of neighbours like Marlborough (HonestDoor Price $1,928,095) and Suncrest ($1,860,528). Those buyers exist, and they are looking at streets like ours.

Bottom line - check your HonestDoor Price before you do anything else. The number the city gave you is not the number a buyer will pay. Knowing the difference is how you walk away from a sale with everything you are owed.

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.