Maywood, Burnaby - September 2026 Real Estate Report

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

If you have been glancing at your property assessment and feeling underwhelmed, here is the real picture. The city's number and your home's actual market value are not even close right now - and that gap is worth knowing about before you make any moves.

The Vibe: What Is Actually Happening in Maywood Right Now

Maywood is a neighbourhood where the assessed value and the real-world price are living in two completely different realities. Across the board - houses and condos - what the city says your place is worth and what a buyer would actually pay are miles apart. Here is how the two property types are playing out for us right now.

Houses: Steady, But Taking a Breather

The house market in Maywood is quiet. One sale went through recently at an average of $1,110,000, and prices are essentially flat. That is not a crash - it is just a slow stretch. The bigger story is what the numbers say about where values are heading.

• Average assessed value: $1,031,880
• Average HonestDoor Price: $1,412,483 - up 1.77% from the previous period
• Predicted market value: $1,387,853
• 3-month moving average: $1,414,791 (values are dipping slightly against this trend)
• Price per square foot: $839
• Estimated rent: $5,144 per month
• Rental yield: 4.50%
• Recent value change: -2.40%
• Growth rank: 31 out of 36 neighbourhoods in Burnaby

That growth rank is the honest part. On the Burnaby neighbourhood leaderboard, Maywood houses sit near the bottom for momentum right now - 31st out of 36. Nearby neighbourhoods like Garden Village, Marlborough, and Suncrest are all outpacing us on growth, and their prices run higher too. Marlborough's HonestDoor Price sits at $1,929,220 and Suncrest at $1,872,227. That tells us Maywood houses still have room to climb relative to neighbours - but the market needs to find its footing first.

Condos: A Different Story Entirely

The condo side of Maywood is where things get genuinely interesting. One sale closed recently at $470,000 - down sharply from last month - but do not let that single data point spook you. The predicted market value tells a much more confident story.

• Average assessed value: $744,661
• Average HonestDoor Price: $1,162,486 - the HonestDoor Price is 56.11% above the assessed value
• Predicted market value: $1,187,175
• 3-month moving average: $1,169,445 (values are trending up against this baseline)
• Price per square foot: $909
• Estimated rent: $4,286 per month
• Rental yield: 3.19%
• Recent value change: +3.69%
• Growth rank: 8 out of 37 neighbourhoods in Burnaby
• 65 transactions recorded in 2026 - ranked 1st in Burnaby for total condo transactions

That growth rank is worth pausing on. Maywood condos sit 8th out of 37 on the Burnaby neighbourhood leaderboard - that is a top-tier position. Values are rising, the predicted price is climbing above the 3-month average, and this neighbourhood is leading Burnaby in condo transaction volume. Compared to nearby Garden Village ($604,681 HonestDoor Price) and Suncrest ($795,060), Maywood condos are priced well above the local competition. Even against Marlborough ($1,098,324), we are holding our own.

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

Here is the thing about your city assessment - it is a snapshot from the past. It does not update in real time, it does not factor in recent sales momentum, and it definitely does not reflect what a motivated buyer would put on the table today.

For Maywood houses, the HonestDoor Price of $1,412,483 is 36.88% higher than the average assessed value. For condos, that gap blows out to 56.11%. That is not a rounding error - that is tens of thousands of dollars sitting between what the city thinks your home is worth and what the market actually says.

The HonestDoor Price pulls in real-time sales data, current market trends, and comparable transactions to give you a live read on your property's value. Think of your tax assessment as last year's weather forecast. The HonestDoor Price is the radar screen right now.

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

If you are a Maywood homeowner weighing a summer sale, here is the straight talk.

For house owners - the market is taking a breather. Values have dipped 2.40% recently and the growth rank of 31 out of 36 means momentum is not on your side right now. That said, your HonestDoor Price is still sitting nearly $381,000 above your assessed value. If you need to sell, price it sharp and price it to the real market - not the city's number. Buyers are not looking at assessments; they are looking at comparable sales.

For condo owners - the timing looks more interesting. Values are up 3.69% recently, the predicted price is climbing above the 3-month average, and Maywood ranks 8th in Burnaby for condo growth. That is a solid position heading into summer. With 65 transactions already recorded in 2026 and a top-1 ranking for condo transaction volume in Burnaby, there is real buyer activity here. Demand exists. If your unit is well-presented and priced to the HonestDoor benchmark, you are working with the market, not against it.

Either way - pull your HonestDoor Price before you call an agent. Walk into that conversation knowing your real number, not the city's outdated one.

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.