Parkcrest-Aubrey, Burnaby - July 2026 Real Estate Report

Parkcrest-Aubrey, Burnaby: Your Home Is Worth Less Than The City Thinks

If you have been glancing at your latest BC Assessment notice and feeling pretty good about yourself, hold on. The real-world numbers tell a slightly different story - and for homeowners in Parkcrest-Aubrey, that gap matters more than you might think heading into summer.

The Vibe: What Is Actually Happening Here

Let us be straight with you. Parkcrest-Aubrey is one of Burnaby's priciest pockets - our houses rank 1st out of 34 neighbourhoods for price. But price and momentum are two different things, and right now our growth is sitting at rank 32 out of 36. We are expensive, and we are not moving up fast. That is the honest picture.

Houses: Still Premium, But Take a Breath

If you own a house here, you are sitting on serious real estate. The average sale price came in at $2,680,000, with price per square foot around $805. Only one house sold in the most recent period, so we are not exactly a high-volume market right now.

• Average Assessed Value: $2,057,117
• Average HonestDoor Price: $2,020,093
• HonestDoor Price is 1.80% below the city assessment
• HonestDoor Price has dipped 0.06% from the previous period
• Predicted Market Value: $2,021,317 - nudging up from the 3-month average of $2,018,848
• Recent value change: -1.56%
• Estimated Rent: $6,877 per month
• Rental Yield: 3.74%
• Growth rank: 32 out of 36 neighbourhoods in Burnaby

That -1.56% recent value shift is worth paying attention to. It is not a crash, but it is the market taking a breather. Nearby Lochdale is sitting at a predicted value of $2,191,837 for houses - that is a meaningful gap above us, so if you are watching the neighbourhood leaderboard, Lochdale is currently pulling ahead on price.

Condos: The Numbers Are Sliding

Our condo picture is a bit more sobering. The HonestDoor Price for condos has dropped 5.50% from the previous period and sits 7.44% below the city's assessed value. That is a real gap. One condo sold recently at an average of $617,500, which is actually above Capitol Hill's $508,500 - so we are still holding a relative edge over some neighbours.

• Average Assessed Value: $666,238
• Average HonestDoor Price: $616,638
• HonestDoor Price is 7.44% below the city assessment
• HonestDoor Price has dropped 5.50% from the previous period
• Predicted Market Value: $652,531 - decreasing from the 3-month average of $663,106
• Recent value change: -2.96%
• Estimated Rent: $2,981 per month
• Rental Yield: 3.67%
• Growth rank: 35 out of 37 neighbourhoods in Burnaby
• Price rank: 14 out of 26 - below average for Burnaby condos

A growth rank of 35 out of 37 puts our condos near the bottom of Burnaby's neighbourhood leaderboard right now. If you own a condo here, that is not a reason to panic - but it is a reason to pay close attention to your actual market value, not the number on your assessment notice.

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

Here is the thing about BC Assessment. That number was calculated using data from July 1st of the previous year. A lot has changed since then. The HonestDoor Price is updated in real time, pulling from actual sales and current market signals - not a government snapshot that is already months old by the time it lands in your mailbox.

For house owners in Parkcrest-Aubrey, the city says your home is worth $2,057,117. The HonestDoor Price says $2,020,093. That is a $37,000 difference. For condo owners, the gap is even wider - the city says $666,238, the HonestDoor Price says $616,638. That is nearly $50,000 of daylight between what the government thinks and what the market is actually doing.

If you are making any financial decision - refinancing, selling, or just figuring out where you stand - use the number that reflects today, not last summer.

The So What: Thinking About Selling This Summer?

Here is the straight talk for anyone considering listing in Parkcrest-Aubrey this summer.

On the house side, you are in a high-price neighbourhood with thin sales volume - only 2 transactions recorded in 2026 so far. That means when a well-priced house hits the market, it stands out. But with values down 1.56% recently and growth ranked 32nd in Burnaby, you do not have the wind at your back. Price it right from day one. Overpricing based on your assessment is a real risk when the HonestDoor Price is already $37,000 below that figure.

On the condo side, the trend is working against you right now. Values are down 2.96%, the predicted value is falling below the 3-month average, and growth ranks near the bottom of the city. If selling is on your radar, sooner is likely better than later while you still hold a price advantage over Capitol Hill condos.

Either way, check your HonestDoor Price before you have any conversation with an agent. Walk in knowing your real number - not the city's old one.

• 1,743 houses assessed in Parkcrest-Aubrey this year
• 177 condos assessed this year
• Neighbourhood growth: -0.03% year over year
• Airbnb rank in Burnaby: 6th for houses, 46th for condos
• House average assessed value rank in Burnaby: 5th

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.