Suncrest, Burnaby - August 2026 Real Estate Report

Suncrest, Burnaby: Your Home Is Worth Less Than The City Thinks

If you have been glancing at your latest property assessment and feeling pretty good about yourself, hold on. The real-world numbers tell a different story right now - and every Suncrest homeowner should know what that gap actually means for their wallet.

The Vibe: What Is Actually Happening in Suncrest

Let us break it down by property type, because houses and condos are telling two very different stories this season.

Houses: Holding Steady, But Watch the Trend

If you own a house in Suncrest, here is the honest picture. The average sale price is sitting at $1,740,000, with price per square foot around $825. Sales volume is thin - only 1 house sold recently - so we are not exactly in a frenzy. The market is quiet, not crashing, but it is not running hot either.

• Average HonestDoor Price: $1,851,148 (down 0.50% from last period)
• Average Assessed Value: $1,966,955
• The gap between assessment and HonestDoor Price: roughly $115,000
• Average sale price: $1,740,000
• Price per square foot: $825
• Predicted market value: $1,860,528 (down from 3-month average of $1,879,722)
• Estimated monthly rent: $6,474
• Rental yield: 3.78%
• Neighbourhood growth: -0.04% year over year
• Growth rank: 17 out of 36 neighbourhoods in Burnaby - right in the middle of the pack
• Price rank: 9 out of 35 - that means we are in the top tier for home values in Burnaby

The 3-month moving average is drifting down, which tells us momentum is softening. We are not in freefall, but the direction is worth watching if you are thinking about timing a sale.

Condos: A Flicker of Life, But Still Cooling

Condo owners in Suncrest, here is your read. Values ticked up a tiny 0.18% last period, which is a small positive sign. But zoom out and the picture is less encouraging - values have shifted -2.29% recently, and the predicted market value of $763,060 is already below the 3-month moving average of $776,847. That gap is closing in the wrong direction.

• Average HonestDoor Price: $764,460 (up 0.18% from last period)
• Predicted market value: $763,060
• 3-month moving average: $776,847
• Estimated monthly rent: $3,452
• Rental yield: 3.31%
• Airbnb estimate: $171 per night
• Growth rank: 21 out of 37 neighbourhoods - below average for Burnaby condos
• Recent value change: -2.29%

A 3.31% rental yield is moderate - not a slam dunk for investors, but not a disaster either. If you bought your Suncrest condo as a long-term hold, you are not in trouble. If you were counting on quick appreciation, this market is asking you to be patient.

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

Here is the thing about your city assessment. It is a snapshot frozen in time - calculated months ago using data that is even older. It does not know what happened in the market last week. It does not adjust for the fact that Suncrest house values are running about 5.89% below assessed value right now.

That $1,966,955 average assessment sounds great on paper. But the HonestDoor Price - which updates in real time using actual sales data - puts the average house closer to $1,851,148. That is a $115,000 difference. If you are using your assessment to make a financial decision, you could be working with a number that is significantly off.

The HonestDoor Price is the real-world check. It reflects what buyers are actually willing to pay today, not what a government formula calculated last year. For Suncrest homeowners, checking your HonestDoor Price right now is not optional - it is just smart.

The "So What?" - Should You Sell in Suncrest This Summer?

If you are thinking about listing this summer, here is the straight talk.

On the house side, you are still sitting in the top tier of Burnaby for property values - a price rank of 9 out of 35 is nothing to dismiss. But the trend is softening. Values are down from their 3-month average, sales are slow, and growth is essentially flat at -0.04%. Selling now means you are ahead of any further softening, but you need to price to the HonestDoor number, not the assessment. Buyers have access to the same data we do.

Compare us to the neighbours. Sussex-Nelson is running at an average HonestDoor Price of $2,029,380 with a rental estimate of $6,903. Killarney sits at $1,890,274. Suncrest houses at $1,851,148 are competitive in this corridor - but we are not leading the pack on growth right now.

On the condo side, the case for waiting is weaker. With a -2.29% recent value change and a below-average growth rank of 21 out of 37, the market is taking a breather. If you need to sell, price it sharp and move it. If you can hold, the rental yield of 3.31% means your condo can work for you while you wait for conditions to improve.

• Thinking of selling a house this summer? Price at or near the HonestDoor Price of $1,851,148 - not the $1,966,955 assessment
• Thinking of selling a condo? Price aggressively - the trend is not your friend right now
• Thinking of renting instead? A house can pull $6,474 per month - a 3.78% yield that beats a lot of alternatives
• Suncrest Airbnb rank in Burnaby: 13 for houses - a solid short-term rental option if the numbers work for you

Bottom line - Suncrest is still a premium address in Burnaby. But the market is not doing you any favours by sitting still. Know your real number, price it right, and move with the data - not the assessment letter sitting on your kitchen counter.

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.