Parkcrest-Aubrey, Burnaby - October 2026 Real Estate Report
Parkcrest-Aubrey, Burnaby: What's Actually Happening With Home Values Right Now
If you've been glancing at your property assessment and wondering if it still reflects reality, here's the straight answer: it probably doesn't. The numbers on the ground in Parkcrest-Aubrey tell a more nuanced story than what the city's paperwork suggests.
The Vibe: Where We Stand Right Now
Our neighbourhood is holding its own in a market that's clearly taking a breather. With 1,743 properties assessed and only 3 transactions recorded in 2026 so far, we're not exactly a high-volume trading floor. But low volume doesn't mean low value - and that distinction matters a lot depending on whether you own a house or a condo here.
Houses in Parkcrest-Aubrey: Still the Top of the Burnaby Leaderboard
Let's start with the good news for house owners. On price rank, we sit at 1 out of 35 neighbourhoods in Burnaby. That means we're among the most expensive areas in the city - full stop. The average sale price for houses is sitting at $3,628,800, with a price per square foot around $2,059.
- Average HonestDoor Price (Houses): $2,001,571
- Predicted Market Value: $2,013,793
- 3-Month Moving Average: $2,007,835 - and the predicted value is trending above it
- Estimated Monthly Rent: $6,855
- Rental Yield: 3.74%
- Recent Value Change: up 1.22%
- Growth Rank: 20 out of 36 neighbourhoods - right in the middle of the pack
That middle-of-the-pack growth rank is worth watching. We're not leading the charge on appreciation right now, but we're also not sliding. Nearby Lochdale has a predicted value of $2,182,594 for houses, which puts it ahead of us on that metric - something to keep an eye on if you're comparing where to buy versus where to hold.
Condos in Parkcrest-Aubrey: A Trickier Picture
Here's where we need to be honest with each other. The condo side of our neighbourhood is facing some headwinds. The predicted market value for condos has dropped to $593,630, which is below the 3-month moving average of $608,631. Recent value change sits at -3.57%, and on the Burnaby growth leaderboard, condos here rank 33 out of 37 neighbourhoods. That puts us near the bottom on momentum.
- Average HonestDoor Price (Condos): $610,404 - up 2.83% from last period
- Average Sale Price: $685,000
- Price Per Square Foot: $887
- Estimated Monthly Rent: $2,744 - $2,805
- Rental Yield: 3.75%
- Airbnb Rank in Burnaby: 46 out of the neighbourhoods tracked
- Price Rank: 8 out of 26 - still above average on price
The one bright spot: even with soft growth, condo prices here are above average for Burnaby. You're not in a cheap neighbourhood. But if you're a condo owner thinking about timing, the trend line right now is not your friend.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your BC Assessment number. It's a snapshot from July 1st of the previous year. By the time it lands in your mailbox, the market has already moved. For houses in Parkcrest-Aubrey, the average assessed value is $2,057,117 - but the HonestDoor Price is $2,001,571. That's a gap of roughly $55,000. The city's number runs 2.70% higher than what the real-world market is currently pricing your home at.
For condos, the gap is even wider. The average assessed value is $666,238, but the HonestDoor Price is $610,404 - that's 8.38% lower than the assessment. If you're making any financial decision based on that assessed number alone - whether it's refinancing, listing, or just understanding your net worth - you're working with stale data.
The HonestDoor Price updates continuously using real transaction data. It's the real-world check, not a government estimate that's already months old before you read it.
The "So What?" - Thinking About Selling This Summer?
If you own a house in Parkcrest-Aubrey and you're considering listing this summer, the timing argument is reasonable. You're in the most expensive tier of Burnaby neighbourhoods, the predicted value is ticking upward past the 3-month average, and rental demand is strong at $6,855 per month if you ever wanted to hold instead of sell. The market isn't running hot, but it's stable - and stable at the top of the price rankings is a decent place to be.
If you own a condo, the calculus is different. Values are dipping, growth ranks near the bottom of Burnaby, and the predicted value is trending below recent averages. That doesn't mean panic - your price rank is still solid at 8 out of 26. But if selling has been on your mind, waiting for the market to turn around here requires some patience. Summer 2025 might be a better window than waiting to see if the trend reverses on its own.
Either way, the first step is checking your actual HonestDoor Price - not the assessment - before you make any move. The numbers above are your starting point.
parkcrest-aubrey | burnaby | october 2026This 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.