Spening-Broadway, Burnaby - July 2026 Real Estate Report

Spening-Broadway, Burnaby: Your Neighbour Just Got a Surprise on Their Assessment

If you own a home in Spening-Broadway and you haven't checked your HonestDoor Price lately, now is the time. The city's assessment and what your property is actually worth in today's market are two different numbers - and the gap might be bigger than you think.

The Vibe: What's Happening With Houses and Condos Right Now

We're seeing two pretty different stories play out on the same streets, so let's break them down.

Houses - Steady, With Real Value Sitting Underneath

Houses in Spening-Broadway are holding their ground. The average HonestDoor Price for a house sits at $1,733,637 - up 0.42% from last period. That's not a fireworks show, but it's not a slide either. The market is taking a breather, and that's okay.

• Average HonestDoor Price: $1,733,637
• Average Assessed Value: $1,719,654
• HonestDoor Price is 0.81% above the assessed value
• Predicted Market Value: $1,727,117 - up from the 3-month average of $1,699,012
• Average Sale Price: $775,000
• Price per square foot: $549
• Estimated monthly rent: $6,069 with a rental yield of 4.05%
• Airbnb income potential: $301 per month
• Properties sold in 2026: 2
• Neighbourhood growth: -0.05% recently

On the neighbourhood leaderboard, houses here rank 9 out of 36 for growth in Burnaby - that puts us in above-average territory. On price, we rank 32 out of 34, which means we're one of the more affordable house markets in the city. That's actually a compelling combo for buyers, and something sellers should be aware of when pricing.

Compare us to the neighbours: Government Road houses are averaging $2,511,545 - significantly pricier and growing slower. Lake City comes in at $1,147,902. We sit in a sweet spot between the two.

Condos - The Quiet Overachiever

Here's where things get interesting. Condos in Spening-Broadway are quietly putting up some of the best growth numbers in all of Burnaby. The HonestDoor Price for condos is $959,845, and while it dipped 2.82% from last period, the predicted market value has climbed to $987,704 - well above the 3-month moving average of $935,399.

• Average HonestDoor Price: $959,845
• Average Assessed Value: $555,354
• HonestDoor Price is 72.83% above the assessed value
• Predicted Market Value: $987,704
• Average Sale Price: $410,000
• Price per square foot: $597
• Estimated monthly rent: $3,514 with a rental yield of 3.56%
• Airbnb income potential: $175 per month
• Properties sold in 2026: 1
• Recent value change: +6.40%

On the neighbourhood leaderboard, condos here rank 2 out of 37 for growth in Burnaby. That's top-tier. On price, we rank 26 out of 26 - the most affordable condo market in the comparison set. If you own a condo here, that growth rank is worth paying attention to.

Nearby condo markets like Ardingley-Sproff ($747,818) and Lake City ($615,094) are both cheaper - but neither is growing as fast as we are right now.

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

Here's the thing about government assessments - they're a snapshot from the past. The city assessed condos in Spening-Broadway at an average of $555,354. The HonestDoor Price says $959,845. That's a gap of nearly 73%. If you're making any financial decision based on your assessment alone - whether it's refinancing, selling, or just knowing your net worth - you're working with stale data.

The HonestDoor Price pulls from real-time market signals. It's the number that reflects what a buyer would actually put on the table today, not what a government office calculated months ago. For houses, the gap is smaller but still real - $1,733,637 vs. an assessed $1,719,654. Every dollar of that gap is equity you might not know you have.

With 1,930 house properties and 503 condo properties assessed this year in Spening-Broadway, there's a lot of real money sitting in this neighbourhood. Knowing your actual number is just smart ownership.

The So What - Thinking About Selling This Summer?

If you're a house owner considering a summer sale, here's the honest read: the market isn't racing, but it's not retreating either. A predicted value of $1,727,117 trending above the 3-month average is a green light that momentum is on your side. With only 2 houses sold so far in 2026, inventory is tight - which generally works in a seller's favour. You're also priced more accessibly than Government Road, which can attract buyers who've been priced out of that market.

If you own a condo, the story is even more interesting. A 6.40% recent value change and a top-2 growth ranking in Burnaby means you're sitting on a property that the market is actively repricing upward. The gap between the assessed value and the HonestDoor Price is enormous. A buyer won't care what the city thinks your unit is worth - they'll care what the market says. Right now, the market is saying quite a bit.

Bottom line: check your HonestDoor Price before you do anything else. It takes two minutes and it's the most honest number you'll find. Whether you're selling, staying, or just curious - you deserve to know 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.