Suncrest, Burnaby - October 2026 Real Estate Report
Suncrest, Burnaby: Your Home Is Worth Less Than the City Thinks - Here's the Real Number
If you've been glancing at your latest property assessment and feeling pretty good about yourself, pump the brakes for a second. The city says the average Suncrest home is worth $1,966,955. The market says something different. Here's what's actually happening on your street right now.
The Vibe: Houses vs. Condos in Suncrest
Let's split this into two honest conversations, because houses and condos are telling very different stories in our neighbourhood right now.
Houses - Expensive, Steady, But Watch the Gap
We sit at rank 7 out of 35 for price in Burnaby - that means Suncrest houses are among the priciest in the city. But growth? That's a different story. We rank 23 out of 36 for growth, which puts us in below-average territory. The market isn't falling off a cliff, but it's taking a breather.
- Average assessed value: $1,966,955
- Average HonestDoor Price: $1,840,787 (down 1.68% from last period)
- Gap between assessment and real-world price: 6.41% lower than assessed
- Recent average sale price: $1,740,000
- Price per square foot: $825
- Predicted market value: $1,872,227 (up from 3-month average of $1,861,301)
- Estimated monthly rent: $6,504
- Rental yield: 3.77%
- Neighbourhood growth: -0.04% year over year
- Properties assessed this year: 525
The short version: houses here are genuinely expensive, but the momentum is soft. The predicted value of $1,872,227 is creeping up from the 3-month moving average, which is a small positive signal. Don't ignore it, but don't throw a party over it either.
Condos - The Surprise Performer on the Block
Here's something most of us in Suncrest aren't talking about enough. Our condos just ranked 1st out of 37 comparable neighbourhoods in Burnaby for growth. First. That's not a typo.
- Average HonestDoor Price: $780,960 (down 1.77% from last period)
- Predicted market value: $795,060 (up from 3-month average of $774,193)
- Recent value change: 4.00%
- Estimated monthly rent: $3,538
- Rental yield: 3.25%
- Airbnb estimate: $174 per night
- Growth rank: 1 out of 37 in Burnaby
Yes, the HonestDoor Price dipped slightly in the last period. But the 3-month trend is moving up, and that number-one growth ranking tells us the condo market here has real momentum underneath it. If you own a condo in Suncrest, you're sitting in a better spot than most of Burnaby right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment Right Now
Here's the thing about your city assessment - it's a snapshot from the past. It doesn't know what happened in the market last month, last quarter, or even last year in real time. It's a static number set by a formula, not by what a real buyer would actually write a cheque for today.
The HonestDoor Price is the real-world check. It pulls in current market activity and gives you a live estimate of what your property is actually worth right now - not what a government office calculated months ago.
In Suncrest, that gap is not small. The average assessed value for houses sits at $1,966,955. The HonestDoor Price is $1,840,787. That's a difference of over $126,000. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the assessed value is like navigating with an old map. The HonestDoor Price is the GPS update.
For condos, the assessed value data isn't the issue - the momentum is. The HonestDoor Price is climbing toward $795,060, up from a 3-month average of $774,193. That's the kind of real-time signal that a static assessment simply cannot give you.
The "So What?" - Thinking About Selling This Summer?
Straight talk: if you own a house in Suncrest and you're thinking about listing this summer, the market is not your enemy - but it's not your cheerleader either. Here's how to read the room.
- You are in a premium-priced neighbourhood - rank 7 out of 35 in Burnaby. Buyers know that.
- Growth is below average right now at rank 23 out of 36. That means you price smart, not greedy.
- Your nearest comparable - Sussex-Nelson - has an HD Price of $2,057,030 and slightly faster growth. Killarney comes in at $1,827,195. Suncrest sits in a competitive middle ground.
- One house sold recently at $1,740,000. That's your anchor. Price too far above it without a compelling reason and you'll sit.
- The rental angle is strong at $6,504 per month and a 3.77% yield - that's a real selling point for investor buyers.
If you own a condo and you're thinking about selling - the timing conversation is more interesting. You're in the top-ranked growth neighbourhood in Burnaby for condos right now. That's a real marketing advantage. A buyer's agent will know this. Make sure yours does too.
Bottom line: check your HonestDoor Price before you do anything else. The city's number is already out of date. Yours doesn't have to be.
suncrest | 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.