Sussex-Nelson, Burnaby - September 2026 Real Estate Report

Sussex-Nelson, Burnaby: Your Home Is Worth More Than the City Thinks - Or Is It?

If you live in Sussex-Nelson and you have been glancing at your latest tax assessment, here is the real story. The numbers on that government paper and what your home would actually fetch right now are two different conversations. Let's have the honest one.

The Vibe: What's Actually Happening on Our Streets

Sussex-Nelson sits near the top of Burnaby's price rankings, and that is not an accident. We are talking about one of the pricier pockets in the city. But "expensive" does not automatically mean "moving fast" right now. The neighbourhood posted a growth decline of 0.04% year over year, which means we are taking a breather. Not a crash - just a pause.

Here is the quick snapshot for the whole neighbourhood:

• Average HonestDoor Price: $2,087,261 - up 2.85% from the previous period
• Average Assessed Value: $2,144,432
• Average Rental Estimate: $7,054 per month
• Airbnb Estimate: $350 per night - ranked 4th in all of Burnaby
• Total Transactions in 2026: 10 - ranked 2nd in Burnaby for transaction volume
• Properties Assessed This Year: 2,322

Houses: Solid Prices, Slow Burn

If you own a house in Sussex-Nelson, your property is priced well above the Burnaby average. But the market is telling us to be patient right now.

• Average Sale Price: $1,672,125 - essentially unchanged month over month
• Price Per Square Foot: $863
• Properties Sold Recently: 4 - steady, not spectacular
• Predicted Market Value: $2,029,380
• 3-Month Moving Average: $2,057,689 - values are drifting slightly lower
• Estimated Rent: $6,903 per month
• Rental Yield: 3.71%
• Recent Value Change: -1.72%
• Growth Rank: 23 out of 36 neighbourhoods in Burnaby - below average on the leaderboard
• Price Rank: 11 out of 35 - well above average in price

The honest read here? We have a high-priced neighbourhood where values have nudged down slightly in the short term. The predicted market value is sitting below the 3-month average, which means the momentum is not in the seller's favour right now. That does not mean panic - it means price smart if you are listing.

Condos: A Wild Card Worth Watching

The condo picture in Sussex-Nelson is genuinely interesting - and a little unusual. The assessed value and the HonestDoor Price are telling completely different stories, and that gap is worth understanding before you make any moves.

• Average Assessed Value: $600,722
• Average HonestDoor Price: $2,515,863 - down 2.28% from the previous period
• HonestDoor Price vs. Assessment: 318.81% higher than assessed value
• Average Sale Price: $455,000 - essentially unchanged
• Price Per Square Foot: $735
• Properties Sold Recently: 1
• Predicted Market Value: $2,574,457
• 3-Month Moving Average: $2,519,877 - values are trending upward
• Estimated Rent: $7,890 per month
• Rental Yield: 2.41%
• Recent Value Change: +6.23%
• Growth Rank: 5 out of 37 neighbourhoods in Burnaby - top performers on the leaderboard
• Price Rank: 25 out of 26 - among the most affordable condos in Burnaby

That 318% gap between assessed value and the HonestDoor Price is not a typo. It is a signal that the city's assessment is badly out of step with real-world condo values in this pocket. With only 108 condos assessed and just 1 recent sale, this is a thin market - which means individual sales can swing numbers significantly. The growth rank of 5th in Burnaby is genuinely strong though, and the predicted value is climbing past the 3-month average. That is a good sign for condo owners here.

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

Your BC Assessment number is a snapshot from the past. It is calculated using data that is already months old by the time it lands in your mailbox. In a neighbourhood like Sussex-Nelson - where condo assessed values are sitting nearly $2 million below what the market actually reflects - that government number is not just outdated, it can be genuinely misleading.

The HonestDoor Price pulls from real-time sales data, current market signals, and comparable transactions happening right now. For houses, it is showing $2,087,261 - about $57,000 below the assessed value, which is actually useful information if you are pricing a listing. For condos, the HonestDoor Price of $2,515,863 versus an assessed value of $600,722 is the kind of gap that could cost you serious money if you relied on the wrong number.

Check your HonestDoor Price before you do anything else. It is the real-world check your assessment cannot give you.

The "So What?" - Thinking About Selling This Summer?

Here is the straight talk for Sussex-Nelson homeowners eyeing a summer sale.

For house sellers - you are in a high-price neighbourhood ranked 11th out of 35 in Burnaby for value, which is a strong position. But with a growth rank of 23rd and values down 1.72% recently, you are not in a runaway seller's market. Price it right from day one. Overpricing in a slow-moving market is the fastest way to sit on a listing all summer. With only 4 recent sales and 10 total transactions in 2026, buyers have options and they know it.

For condo sellers - the story is more encouraging. A growth rank of 5th in Burnaby and a predicted value that is climbing past its 3-month average suggests upward momentum. If you have been waiting, the data says the window may be opening. The catch is low transaction volume - just 1 recent sale - so your listing needs to stand out and be priced to reflect the HonestDoor Price, not the assessed value.

Compared to neighbours like Clinton-Glenwood, Suncrest, and Maywood, Sussex-Nelson commands a significant premium. Clinton-Glenwood houses are sitting at $1,682,242 and Maywood at $1,412,483. We are the pricier option on the block, which means buyers choosing Sussex-Nelson are choosing it deliberately. Make sure your listing tells that story.

Bottom line - summer 2025 in Sussex-Nelson rewards sellers who are realistic, well-priced, and armed with current data. Start with your HonestDoor Price. Everything else follows from there.

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.