Oakalle, Burnaby - August 2026 Real Estate Report

Oakalle, Burnaby: Here's What Your Home Is Actually Worth Right Now

If you've been glancing at your latest BC Assessment notice and wondering if it tells the whole story - it doesn't. Here's the real picture for Oakalle homeowners in 2026.

The Vibe: What's Happening on Our Streets

Oakalle is a quiet one right now. With only 2 property transactions recorded in 2026 and 321 properties assessed, we're not exactly a high-volume market at the moment. That low turnover cuts both ways - it keeps supply tight, but it also means fewer data points for buyers and sellers to lean on. Here's how houses and condos are each telling a different story.

Houses: Holding Steady, But Watch the Fine Print

If you own a house in Oakalle, the market isn't falling apart - but it's not charging ahead either. The average sale price sits at $1,328,000 with a price per square foot around $546. Only 1 house sold recently, which is essentially flat from the month before. The market is taking a breather.

• Average assessed value: $1,432,500
• HonestDoor Price: $1,476,870 - up 0.33% from last period
• Predicted market value: $1,472,084 - trending up from the 3-month average of $1,465,615
• Average sale price: $1,328,000 at roughly $546 per square foot
• Estimated monthly rent: $5,472 with a rental yield of 4.05%
• Airbnb potential: $272 per night
• Recent value change: -0.72%
• Neighbourhood growth: down 0.02% year over year
• Growth rank: 28 out of 36 neighbourhoods in Burnaby - below average
• Price rank: 19 out of 35 in Burnaby - below average

The honest takeaway for house owners: your HonestDoor Price is running about 3.10% above the average assessed value in Burnaby. That gap matters when you're thinking about what a buyer would actually pay today. Compared to neighbours like Windsor, Money-Buckingham, and Marlborough - all of which carry higher price tags but slower growth - Oakalle houses are the more accessible entry point into this pocket of Burnaby.

Condos: A Surprising Bright Spot on the Leaderboard

Here's where it gets interesting for condo owners. While house growth is ranked near the bottom of the Burnaby leaderboard, Oakalle condos are ranked 5th out of 37 comparable neighbourhoods for growth. That's a top-tier result. And on price, we rank 4th out of 26 - meaning Oakalle condos are among the most expensive in the city.

• Average assessed value: $724,072
• HonestDoor Price: $639,084 - down 0.86% from last period
• Predicted market value: $644,625 - slightly down from the 3-month average of $644,742
• Average sale price: $720,000 at roughly $716 per square foot
• Estimated monthly rent: $3,079 with a rental yield of 3.56%
• Airbnb potential: $152 to $153 per night
• Recent value change: -0.34%
• Neighbourhood growth: down 0.05% year over year
• Growth rank: 5 out of 37 in Burnaby - top performer
• Price rank: 4 out of 26 in Burnaby - among the most expensive

One thing to flag: the HonestDoor Price for condos is running 11.74% below the average assessed value. That's a meaningful gap. It suggests the city's assessment may be overstating what buyers are willing to pay right now. If you're a condo owner, that's worth knowing before you price anything.

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

BC Assessment locks in your property value every January 1st. By the time you read it, the market has already moved. The HonestDoor Price is updated in real time using actual sales data, current market signals, and neighbourhood trends - not a government snapshot from months ago.

For Oakalle houses, the HonestDoor Price of $1,476,870 is already 3.10% above the average assessed value in Burnaby. That's roughly $44,000 in value that your tax notice isn't capturing. For condos, the story flips - the HonestDoor Price of $639,084 is 11.74% below assessed value, which could mean your assessment is setting unrealistic expectations for what you'd actually net on a sale.

Either way, the assessment is a rear-view mirror. The HonestDoor Price is the windshield.

The So What: Thinking About Selling This Summer?

Here's the straight talk for anyone in Oakalle weighing a summer sale.

For house sellers: transaction volume is low - only 2 sales recorded in 2026 so far. That means less competition from other listings, but also fewer buyers actively shopping. Your HonestDoor Price is trending upward, which is a green light for timing. Price it sharp and you stand out in a thin market. Price it based on your old assessment and you risk sitting.

For condo sellers: you're in a stronger position than you might think. A top-5 growth rank and a top-4 price rank in Burnaby means Oakalle condos carry real credibility with buyers. The slight dip in HonestDoor Price (-0.86%) is minor. The bigger issue is that your assessed value may be inflated compared to what the market will bear - so lean on the HonestDoor Price when setting expectations, not the city's number.

Bottom line: Oakalle isn't the flashiest market in Burnaby right now, but it's not broken either. Low inventory, real rental income potential, and a condo segment punching above its weight - there's a real case to be made for moving this summer if you go in with accurate numbers.

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.