Oakalle, Burnaby - June 2026 Real Estate Report

Oakalle, Burnaby: Your Home Is Worth More Than the City Thinks - Here's the Proof

If you've been glancing at your property assessment and wondering if it actually reflects what your place is worth right now, the short answer is: probably not. Oakalle is one of those pockets in Burnaby where the real-world numbers and the government's paperwork are telling two different stories - and the gap matters for your wallet.

The Vibe: What's Actually Happening in Oakalle Right Now

Let's be straight with you. The market here is taking a breather. Neighbourhood growth dipped slightly year over year, and we're sitting at rank 30 out of 35 neighbourhoods in Burnaby for house price growth. That's not a crisis - it just means we're not in a bidding-war frenzy. For buyers, that's a window. For sellers, timing matters more than it did two years ago.

Here's the split between our two main property types:

Houses in Oakalle

• Average sale price: $1,250,000
• Price per square foot: $846
• HonestDoor predicted market value: $1,442,016
• 3-month moving average: $1,460,549 - values are easing slightly
• Estimated monthly rent: $5,393
• Rental yield: 4.08%
• Recent value change: up 1.52%
• Growth rank: 30 out of 35 in Burnaby - bottom tier for now
• Price rank: 19 out of 34 - right in the middle of the pack

One house sold last month. That's a thin market, which cuts both ways - less competition if you're buying, but less price pressure if you're selling. The predicted value of $1,442,016 is sitting below the 3-month moving average of $1,460,549, which tells us the momentum has softened a touch. Not a cliff - just a gentle slope downward for now.

Compare us to the neighbours: Windsor houses are fetching around $1,828,220, Money-Buckingham is up at $2,378,486, and Marlborough sits at $1,938,343. All three are growing slower than us on a percentage basis, but they're playing in a higher price bracket. Oakalle houses are the entry point into this part of Burnaby - and that has real appeal for buyers who've been priced out elsewhere.

Condos in Oakalle

• Average sale price: $720,000
• Price per square foot: $716
• HonestDoor predicted market value: $642,768
• 3-month moving average: $652,092 - also easing slightly
• Estimated monthly rent: $3,071
• Rental yield: 3.56%
• Recent value change: up 0.66%
• Growth rank: 29 out of 37 in Burnaby - below average
• Price rank: 8 out of 26 - above average in price

Here's an interesting wrinkle with our condos. The average assessed value is $724,072, but the HonestDoor Price is $646,832 - that's 10.67% lower than what the city has on the books. In plain terms: if you own a condo here and you're using your assessment to gauge what it's worth, you may be overestimating. The market is currently pricing these units below the government's number.

One condo sold last month. Our average sale price of $720,000 beats nearby Windsor at $639,000, which is a solid sign. And if you're renting out a condo here, $3,087 per month in estimated rent is a reasonable return for Burnaby. The Airbnb potential of $153 per night puts us at rank 42 in Burnaby for short-term rental income - not the top of the leaderboard, but not the bottom either.

The Secret Sauce: Why Your HonestDoor Price Beats Your Tax Assessment Right Now

Your BC Assessment number was locked in on July 1st of last year. The market has moved since then - in some cases, significantly. The HonestDoor Price updates in real time using actual sales data, current listings, and market signals. It's the difference between a snapshot from last summer and a live feed from today.

For Oakalle houses, the HonestDoor average is $1,482,745 - that's 3.51% higher than the average assessed value of $1,432,500. That gap represents real money. On a $1.4 million home, 3.51% is roughly $50,000 sitting on the table that your assessment isn't capturing.

For condos, the story flips. The HonestDoor Price of $646,832 is 10.67% below the assessed value of $724,072. If you're a condo owner banking on your assessment as a selling price anchor, the market data is telling you to recalibrate. Knowing this now - before you list - is the difference between a smart strategy and a stale listing.

321 houses and 146 condos were assessed in Oakalle this year. That's a real sample size. The HonestDoor Price is built on that kind of local data, not a broad city average that lumps Oakalle in with neighbourhoods that look nothing like ours.

The So What: Should You Sell in Oakalle This Summer?

If you own a house here and you're thinking about selling, the window is open - but it's not wide open. Values are up 1.52% recently, and the HonestDoor Price of $1,482,745 is still above the assessed value. That's a decent position to list from. But the 3-month moving average is drifting down from $1,460,549, which suggests waiting another six months hoping for a big jump may not be the play.

If you own a condo and you're thinking about selling, pay close attention to that HonestDoor Price of $646,832 versus the assessed value of $724,072. Price your condo based on where the market actually is, not where the city said it was last July. Buyers are doing their homework, and an overpriced listing in a slow market just sits.

For anyone thinking about renting instead of selling - a house pulling $5,499 per month in estimated rent with a 4.08% yield is a reasonable hold strategy if you're not in a rush. A condo at $3,087 per month and 3.56% yield is moderate but workable, especially if your mortgage rate is locked in.

Bottom line for Oakalle this summer: houses have a real pricing edge over the city's assessment. Condos need a reality check on price expectations. Either way, check your HonestDoor Price before you make any moves - it's the most current read on what your place is actually worth today.

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.