Parkcrest-Aubrey, Burnaby - August 2026 Real Estate Report

Parkcrest-Aubrey, Burnaby: Your Neighbour Isn't Telling You This About Home Prices

If you've been watching the "For Sale" signs in Parkcrest-Aubrey and wondering what's actually going on, here's the straight story. The market isn't crashing. But it's not running hot either. Values are drifting down slightly, and the gap between what the city thinks your home is worth and what a buyer would actually pay is wider than most people realize.

The Vibe: Houses vs. Condos

Let's break it down for us locals, because houses and condos are telling two very different stories right now.

Houses

If you own a house in Parkcrest-Aubrey, you're sitting on one of the pricier addresses in Burnaby. We rank 2nd out of 35 comparable neighbourhoods for price - that's a strong position. But growth is a different story. Our growth rate sits at 15th out of 36, which puts us in above-average territory, though the momentum has clearly slowed.

• Average HonestDoor Price: $1,989,618
• Predicted Market Value: $2,020,093
• 3-Month Moving Average: $2,031,573 (values are trending down)
• Recent Value Change: -0.06%
• Average Sale Price (2026): $2,680,000
• Price Per Square Foot: $805
• Estimated Monthly Rent: $6,873
• Rental Yield: 3.74%
• Properties Assessed: 1,743

The predicted value is already slipping below the 3-month average, and nearby Lochdale is sitting at $2,116,843 for comparison. We're not far behind, but the gap is worth watching if you're thinking about timing a sale.

Condos

This is where we need to be honest with each other. Condo values in Parkcrest-Aubrey are under real pressure. A -5.50% recent value change is not a rounding error - that's a meaningful drop. Our growth rank is 37th out of 37 neighbourhoods tracked in Burnaby. Dead last. And the predicted market value of $616,638 is already sitting well below the 3-month moving average of $647,208.

• Average HonestDoor Price: $615,624
• Predicted Market Value: $616,638
• 3-Month Moving Average: $647,208 (notable gap)
• Recent Value Change: -5.50%
• Average Sale Price (2026): $617,500
• Price Per Square Foot: $799
• Estimated Monthly Rent: $2,845
• Rental Yield: 3.72%
• Properties Assessed: 177

On the price rank, condos sit 14th out of 26 - below average for Burnaby. The one bright spot: our average sale price of $617,500 still beats Capitol Hill condos at $508,500. So we're not at the bottom of the pile, but the growth trend is the weakest in the city right now.

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

Here's the thing most homeowners in Parkcrest-Aubrey don't realize. The city's assessed value for houses is sitting at an average of $2,057,117. The HonestDoor Price? $1,989,618. That's a $67,499 gap - and the HonestDoor Price is 3.28% lower than the assessed average across Burnaby.

For condos, the gap is even bigger. The average assessed value is $666,238, but the HonestDoor Price is $615,624 - that's 7.60% below the assessed value. If you're making any financial decision based on your BC Assessment notice, you could be working with a number that's significantly out of step with what the market is actually doing today.

Government assessments are a snapshot from last July. The HonestDoor Price updates in real time, using actual sales data and current market signals. It's the real-world check, not a number frozen in time. If your bank, your financial planner, or your own gut is using the assessed value as a baseline, it's worth pulling up your HonestDoor Price first.

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

For house owners, the window is still open - but it's not getting wider. You're in a top-2 price neighbourhood in Burnaby, which gives you real leverage with buyers. The catch is that values are drifting down month over month, and the 3-month trend confirms it. Listing sooner rather than later makes more sense than waiting to see if things bounce back.

For condo owners, this summer is a tough call. A -5.50% recent change and a last-place growth ranking in Burnaby means the market is taking more than a breather - it's sitting down. If you need to sell, price it sharp from day one. Buyers in this segment are paying attention, and an overpriced condo will just sit.

Either way, the first step is knowing your real number. Check your HonestDoor Price before you call an agent, set an asking price, or make any assumptions based on last year's assessment. The market has moved. Your strategy should too.

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.