Westridge, Burnaby - August 2026 Real Estate Report

Westridge, 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 Westridge home is worth $1,783,067. The HonestDoor Price says $1,685,033. That's a $98,000 gap - and that gap matters a lot if you're thinking about selling, refinancing, or just trying to understand where you actually stand.

The Vibe: What's Happening With Houses Right Now

Let's be straight with each other. Our house market is taking a breather. The HonestDoor Price for houses is down 1.80% from last period, and the predicted market value of $1,715,860 is sliding below the 3-month moving average of $1,740,568. That's not a cliff - it's a slow drift downward, and we should all be paying attention to it.

• Average HonestDoor Price (Houses): $1,685,033
• Predicted Market Value: $1,715,860
• 3-Month Moving Average: $1,740,568
• Recent Value Change: -1.42%
• Average Sale Price: $469,900
• Price Per Square Foot: $752
• Estimated Monthly Rent: $6,059
• Rental Yield: 4.09%
• Properties Assessed: 681

On the neighbourhood leaderboard, Westridge houses rank 35 out of 36 for growth and 35 out of 35 for price among comparable Burnaby neighbourhoods. That means we're sitting at the affordable end of the spectrum - which is actually a selling point for buyers, but a heads-up for sellers who were expecting top-dollar offers without any prep work.

Compare us to the neighbours: Lochdale is sitting at a HonestDoor Price of $2,018,333, Capitol Hill at $1,979,118, and Parkcrest-Aubrey at $1,989,618. All three are pricier than us, and all three are also seeing the same -0.03% year-over-year growth. So the whole pocket is moving sideways together - Westridge just happens to be the most affordable seat at the table.

The Vibe: What's Happening With Condos

Here's where things get interesting. Westridge condos are a completely different story. The average HonestDoor Price for condos is $3,887,530 - up 6.46% from last period. That's a real move in the right direction. The predicted market value sits at $3,651,761, which is nudging above the 3-month moving average of $3,645,448. Unlike houses, condos here are showing upward momentum.

• Average HonestDoor Price (Condos): $3,887,530
• Predicted Market Value: $3,651,761
• 3-Month Moving Average: $3,645,448
• Recent Value Change: -4.15%
• Estimated Monthly Rent: $10,603
• Rental Yield: 1.71%
• Airbnb Estimate: $547 per night
• Airbnb Rank in Burnaby: 1st

That Airbnb rank of number 1 in all of Burnaby is worth a second look. If you own a condo in Westridge and you're not at least thinking about short-term rental potential, you're leaving money on the table. At $547 per night, the income ceiling here beats every other condo neighbourhood in the city. Compared to nearby condos - Lochdale at $2,257,625, Capitol Hill at $1,199,220, Parkcrest-Aubrey at $615,624 - Westridge condos are in a completely different price category. Growth rank sits at 33 out of 37, so the condo segment isn't leading the pack on appreciation, but the raw income potential is hard to ignore.

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

Your BC Assessment is a snapshot taken on July 1st of last year. It doesn't know what happened to the market in the last six months. It doesn't adjust for what your neighbour's place actually sold for last week. It's a government estimate built on old data - and right now in Westridge, it's running $98,000 higher than where the real market is sitting.

The HonestDoor Price updates in real time. It pulls from actual sales, current market signals, and live data - not a calendar date from the past. For Westridge homeowners, the HonestDoor Price of $1,685,033 is the real-world check. If you're pricing a listing based on your assessment, you could be setting yourself up for a frustrating few months on market. If you're appealing your property tax, the HonestDoor Price gives you a credible, current number to work with.

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

Here's the honest take for anyone considering listing in Westridge this summer.

• The market is not crashing - but it is soft. A -1.42% recent value change and a downward drift from the 3-month average means pricing sharp from day one is critical.
• Your assessment will likely work against you. Buyers do their homework. If your list price is anchored to a $1,783,067 assessment but the HonestDoor Price says $1,685,033, expect pushback fast.
• One house sold last month. One. That's a thin market, which means your listing needs to stand out - not just sit there hoping for foot traffic.
• The rental story is decent. At $5,978 per month in rental estimate and a 4.09% yield on houses, buyers who are investors will run those numbers. Make sure your listing speaks to that audience.
• If you own a condo here, your timing window looks better. A 6.46% HonestDoor Price increase and the top Airbnb rank in Burnaby give you a stronger story to tell a buyer right now.

Bottom line - Westridge is affordable relative to its neighbours, the house market is moving slowly, and the city's assessment is giving homeowners a rosier picture than the real market supports. Check your HonestDoor Price before you make any moves. That's the number that reflects today, not last July.

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.