Suncrest, Burnaby - September 2026 Real Estate Report

Suncrest, Burnaby: Your Home Is Worth Less Than The City Thinks - And That Actually Matters

If you've been glancing at your BC Assessment notice and feeling pretty good about yourself, hold on. The real story in Suncrest right now is a gap - a nearly 5% gap - between what the government says your home is worth and what the market is actually doing. That difference has real money attached to it, and it's worth paying attention to before summer hits.

The Vibe: What's Happening With Houses vs. Condos

Let's split this up, because houses and condos are telling two different stories in our neighbourhood right now.

Houses in Suncrest

If you own a house here, you're sitting in a solid spot - but the market is taking a breather. Here's the honest snapshot:

• Average HonestDoor Price: $1,872,227 - up 1.14% from last period
• Average assessed value: $1,966,955 - that's $94,728 higher than what buyers are likely to pay
• Average sale price: $1,740,000
• Price per square foot: around $825
• Predicted market value: $1,851,148
• 3-month moving average: $1,858,434 - values are drifting slightly lower
• Estimated monthly rent: $6,450
• Rental yield: 3.78%
• Airbnb potential: roughly $323 per night
• Year-over-year neighbourhood growth: -0.04%
• Growth rank: 5 out of 36 neighbourhoods in Burnaby - top of the leaderboard
• Price rank: 10 out of 35 in Burnaby - well above average

That growth rank is the number we should be proud of. Fifth out of 36 neighbourhoods means Suncrest houses are holding their ground better than most of Burnaby, even while the broader market cools. The 3-month moving average is edging down slightly, so we're not in rocket-ship territory - but we're not falling either.

Condos in Suncrest

The condo picture is a bit more mixed. Values are moving, but the direction is worth watching closely.

• Average HonestDoor Price: $795,060 - up 4.00% from last period
• Predicted market value: $764,460
• 3-month moving average: $769,493 - also drifting slightly lower
• Estimated monthly rent: $3,450
• Rental yield: 3.31%
• Airbnb potential: roughly $175 per night
• Growth rank: 26 out of 37 neighbourhoods in Burnaby - below average on the leaderboard

That 4% bump in the HonestDoor Price sounds great, but the growth rank of 26 out of 37 tells us condos here are lagging behind most of Burnaby. If you own a condo in Suncrest and you've been waiting for the right moment, this data is worth a serious look right now.

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

Here's the thing about BC Assessment - it's a snapshot from July 1st of the previous year. By the time that notice lands in your mailbox, the data is already six to twelve months old. The market doesn't wait for paperwork.

For houses in Suncrest, the assessed value sits at $1,966,955. The HonestDoor Price is $1,872,227. That's a $94,728 difference. If you're pricing a listing based on your assessment, you could be starting the conversation in the wrong place entirely - and watching buyers walk.

The HonestDoor Price is updated in real time using actual sales data, market shifts, and current comparable activity. It's the real-world check against a number the city calculated when the market looked different. For Suncrest homeowners, checking your HonestDoor Price right now - not next spring, not after the next assessment cycle - is the move that keeps you informed and in control.

The 'So What?': Thinking About Selling This Summer?

Summer is when Burnaby's market typically sees more action - more buyers out on weekends, more families trying to close before September. Here's what the Suncrest data means if you're weighing a sale:

• House sellers: You're in a relatively strong position. A growth rank of 5 out of 36 in Burnaby means demand for Suncrest houses is holding up better than most. But price it to the HonestDoor Price, not the assessment - that $94,728 gap could cost you serious negotiating leverage.
• Condo sellers: The 4% HonestDoor Price increase is encouraging, but the below-average growth rank means competition from other Burnaby neighbourhoods is real. Pricing sharp and moving early in the summer window is the smarter play.
• For everyone: Neighbourhood growth is essentially flat at -0.04% year over year. This isn't a crash - it's a plateau. Sellers who price accurately and move decisively will do better than those waiting for a big upswing that the data isn't currently promising.

Bottom line - Suncrest is a strong address in Burnaby. The house market is punching above its weight on the neighbourhood leaderboard. But the gap between assessed value and real market value is a signal worth acting on, not ignoring. Check your HonestDoor Price, know your real number, and make your summer move with clear eyes.

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.