Second Street, New Westminster - June 2026 Real Estate Report

Second Street Reality Check: Condos Are Quietly Winning While Houses Take a Breather

The Vibe Right Now

If you own on Second Street, the story depends almost entirely on what type of property you have. We are not all in the same boat here - and the gap between houses and condos is worth paying close attention to.

For houses, the market is steady but not exciting. The average sale price sits at $1,580,834, essentially unchanged from last month. Only 2 properties sold, so we are working with a thin slice of data. The predicted market value comes in at $1,777,988, though that number is drifting slightly below its 3-month moving average of $1,793,120 - a small but real signal that house values are cooling off a touch. On the neighbourhood leaderboard, Second Street houses rank 28 out of 35 for growth in Burnaby. That puts us in below-average territory for momentum. The silver lining? Price rank is 13 out of 34, meaning we are still sitting above average in terms of what homes here are actually worth compared to the rest of Burnaby.

Condos are a completely different conversation. The predicted market value is $1,337,980, and it is moving in the right direction - up from a 3-month moving average of $1,258,781. Property values have shifted 15.37% recently, and on the Burnaby neighbourhood leaderboard, Second Street condos rank 1 out of 37 for growth. That is not a typo. Number one. If you own a condo here, that is a serious bragging right right now.

The Numbers at a Glance

• Houses - Average Sale Price: $1,580,834 (essentially unchanged)
• Houses - Price Per Square Foot: $942
• Houses - Predicted Market Value: $1,777,988
• Houses - Estimated Monthly Rent: $6,256 (rental yield 3.83%)
• Houses - Growth Rank in Burnaby: 28 out of 35 (below average)
• Houses - Price Rank in Burnaby: 13 out of 34 (above average)
• Condos - Predicted Market Value: $1,337,980
• Condos - Estimated Monthly Rent: $4,896 (rental yield 2.79%)
• Condos - Recent Value Change: 15.37%
• Condos - Growth Rank in Burnaby: 1 out of 37 (top of the leaderboard)

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here is the thing about your city assessment: it is a snapshot from months ago, built on data that was already old when they printed it. It does not know that condo values on Second Street just jumped 15.37%. It does not know that house values are nudging below their recent moving average. Your tax assessment is basically a history book, and you are trying to make a decision today.

The HonestDoor Price is the real-world check. It updates in real time, pulling in actual market signals - not bureaucratic lag. For Second Street in New Westminster, the average HonestDoor Price is $904,800, down 2.07% from the previous period. That kind of shift matters if you are refinancing, selling, or just trying to understand what your equity actually looks like right now. Do not let a stale government number be the last word on what your home is worth.

The So What - Thinking About Selling This Summer?

If you own a condo on Second Street, this summer is worth a serious conversation with your agent. Ranking first in Burnaby for growth is not something that lasts forever - markets move, and windows open and close. The momentum is real right now. Get your HonestDoor Price, compare it to what similar units sold for, and make a call with current numbers in hand.

If you own a house, the picture is more patient. You are still priced above average for Burnaby, which is a solid foundation. But with growth ranking near the bottom of the leaderboard and the predicted value slipping slightly below its 3-month average, this is not a moment to expect a bidding war. Pricing sharp and presenting well will matter more than it did a year ago. The rental income potential of $6,256 per month also means holding the property is a legitimate option if the sale price does not hit your number.

Either way - house or condo - do not walk into summer negotiations using your last tax assessment as your anchor. Pull your HonestDoor Price first. That is the number that reflects what is actually happening on Second Street 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.