Oakalle, Burnaby - July 2026 Real Estate Report

Oakalle, Burnaby: Your Neighbour Just Got a Reality Check on Their Home Value

If you own property in Oakalle and you're still looking at your BC Assessment notice to figure out what your place is worth, stop. That number is already old. Here's what's actually happening on the ground right now.

The Vibe: Houses vs. Condos in Oakalle

We're seeing two pretty different stories play out in Oakalle depending on what you own. Let's break it down.

Houses - The Quiet Overachiever

Houses in Oakalle are holding their ground. The average sale price sits at $1,470,000, and the predicted market value is $1,482,745 - which is actually climbing above the 3-month moving average of $1,448,414. That upward momentum matters.

• Average HonestDoor Price: $1,472,084
• Average Assessed Value: $1,432,500
• HonestDoor Price is 2.76% above the city assessment
• Price per square foot: $593
• Estimated monthly rent: $5,472
• Rental yield: 4.03%
• Recent value change: 2.82%
• Neighbourhood growth rank: 1 out of 36 in Burnaby

That last number is the one to pay attention to. Out of 36 comparable neighbourhoods in Burnaby, Oakalle houses rank number 1 for growth right now. That's not a small thing. While neighbours in Windsor, Money-Buckingham, and Marlborough are all seeing slower growth, we're sitting at the top of the leaderboard. Yes, those areas carry higher price tags - Money-Buckingham averages $2,377,553 and Marlborough hits $1,928,095 - but on the growth side, Oakalle houses are outrunning them all.

Condos - Taking a Breather

The condo picture is a bit more nuanced. The average sale price is $720,000, but the HonestDoor Price tells a different story at $644,625. That's actually 10.97% below the average assessed value - which means if you're a condo owner banking on your assessment, you may be overestimating what a buyer would actually pay today.

• Average HonestDoor Price: $644,625
• Average Assessed Value: $724,072
• HonestDoor Price is 10.97% below the city assessment
• Price per square foot: $716
• Estimated monthly rent: $3,079
• Rental yield: 3.55%
• Recent value change: 0.63%
• Growth rank: 23 out of 37 in Burnaby

Condos here are priced above Windsor ($573,930) and roughly in line with Money-Buckingham ($670,264), which puts us in a reasonable spot. But the growth rank of 23 out of 37 tells us the condo segment is sitting in below-average territory right now. It's not falling off a cliff - the 3-month moving average is actually ticking up from $642,707 to a predicted $646,832 - but it's not racing ahead either.

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the thing about BC Assessment. That number is calculated using data from July 1 of the previous year. By the time it lands in your mailbox, it's already months out of date. The market doesn't wait for paperwork.

The HonestDoor Price is a real-time estimate that updates based on actual market movement. For Oakalle house owners, that means your HonestDoor Price of $1,472,084 is already $39,584 higher than what the city assessed you at. That gap is money - and it's money you'd be leaving on the table if you priced based on the old number.

For condo owners, the HonestDoor Price is doing you a favour in a different way. It's flagging that the market may not support your assessed value right now. Knowing that before you list - not after - is exactly the kind of heads-up that saves you from a stale listing and a price cut down the road.

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

If you own a house in Oakalle and you're thinking about selling, the timing is worth a serious conversation. You're in a neighbourhood that ranks first for growth in Burnaby right now. Buyers looking at Windsor or Marlborough are paying more for slower-moving markets. That's a real selling point.

Transaction volume is thin - only 1 house sold so far in 2026 - which cuts both ways. Less competition from other sellers, but also fewer data points to anchor a price conversation. A strong, well-priced listing could stand out fast.

For condo owners, summer is still a reasonable window, but go in with eyes open. Your HonestDoor Price of $644,625 is the more honest starting point than your assessment. Price to that reality and you'll attract serious buyers. Price to the assessment and you may just be spinning your wheels.

Bottom line - Oakalle is a solid place to own right now, especially on the house side. Check your HonestDoor Price, know where you actually stand, and make your move from a position of real information.

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.