Suncrest, Burnaby - July 2026 Real Estate Report

Suncrest, Burnaby: Your Assessment Is Lying To You (And It's Costing You)

If you own a home in Suncrest and you've been glancing at your BC Assessment notice feeling pretty good about that $1,966,955 number - hold on. The real-world market is telling a different story, and you need to hear it before you make any big decisions this summer.

The Vibe: What's Actually Happening on Our Streets

Houses

We're in a market that's taking a breather. The average sale price for houses in Suncrest sits at $1,740,000, with price per square foot around $825. Only 1 house sold recently, which makes it hard to read the room - but the numbers we do have point in one direction.

• Average HonestDoor Price: $1,860,528
• Recent sale average: $1,740,000
• Price per sq ft: $825
• 3-month moving average: $1,879,280 (current predicted value of $1,863,625 is trending below this)
• Property values down 2.68% recently
• Rental estimate: $6,474/month
• Rental yield: 3.78%
• Airbnb potential: $322/night - ranked 12th in Burnaby

On the neighbourhood leaderboard, our house growth rate ranks 36 out of 36 in Burnaby. Dead last. That's not a scare tactic - that's the data. The silver lining? Our price rank is 8 out of 34, meaning we're still sitting above average in value compared to most of Burnaby. We're expensive and slow-moving right now. That combination matters if you're thinking about listing.

Condos

Condos in Suncrest are a different conversation. The average HonestDoor Price is $763,060, down 2.29% from last period. The predicted market value sits at $780,960, which is already slipping below the 3-month moving average of $783,093. Values have shifted -0.71% recently.

• Average HonestDoor Price: $763,060 (down 2.29%)
• Predicted market value: $780,960
• 3-month moving average: $783,093
• Rental estimate: $3,452/month
• Rental yield: 3.27%
• Airbnb potential: $171/night - ranked 27th in Burnaby
• Growth rank: 31 out of 37 in Burnaby

One thing worth noting for condo owners - every nearby neighbourhood including Maywood, Sussex-Nelson, and Killarney is pricing significantly higher for condos. That gap is worth understanding before you price your unit.

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

Here's the thing about BC Assessment. That $1,966,955 figure on your notice? It was calculated using data from July 1st of last year. The market has moved since then - and in Suncrest, it has moved down. The HonestDoor Price of $1,860,528 is already 5.41% below that assessed value, and it updates in real time using actual market signals.

That gap between $1,966,955 and $1,860,528 is roughly $106,000. If you're pricing a listing based on your assessment, you could be setting yourself up for a long, frustrating time on market. The HonestDoor Price is your real-world check - it reflects what buyers are actually doing, not what the government calculated 12 months ago.

Neighbourhood growth is down 0.04% year over year across 525 assessed properties. This isn't a crisis - but it is a signal to stop relying on a static number and start watching the live one.

The So What: Thinking About Selling This Summer?

Straight talk - Suncrest is a high-value neighbourhood sitting at the bottom of Burnaby's growth leaderboard right now. That doesn't mean you can't sell well. It means you need to be sharp about pricing.

A few things to keep in mind:

• Pricing at or near your assessed value ($1,966,955) will likely price you out of serious buyer conversations - the market is closer to $1,860,528
• Your neighbours in Sussex-Nelson are seeing HonestDoor Prices around $2,064,853 with the same growth rate - worth knowing if buyers are comparison shopping
• Killarney is cheaper at $1,858,696 but growing at the same pace - buyers looking for value may drift that direction
• With only 1 recent house sale on record, your listing will stand out - for better or worse depending on how it's priced
• If you're a condo owner, the 2.29% drop in HonestDoor Price and a growth rank of 31 out of 37 says: don't wait for the market to come back to you this summer

The bottom line - Suncrest is still a premium address in Burnaby. Price rank of 8 out of 34 for houses proves that. But the window for top-dollar sales gets tighter when values are trending down and growth is lagging. If selling is on your radar, this summer is the time to move with accurate numbers - not last year's assessment.

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.