Westridge, Burnaby - July 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, hold on. The city says the average Westridge home is worth $1,783,067. The HonestDoor Price says $1,715,860. That's a $67,000 gap - and it matters a lot if you're thinking about listing this summer.

The Vibe: What's Actually Happening in Westridge Right Now

Let's be straight with each other. Westridge is taking a breather. Neighbourhood growth is down 0.03% year over year, and on the neighbourhood leaderboard for Burnaby, our houses rank 31 out of 36 for growth and sit at the very bottom for price - 34 out of 34. That's not a crisis, but it's not a victory lap either. Here's how houses and condos are telling two very different stories right now.

Houses: The Affordable Corner of Burnaby

One house sold recently in Westridge. Just one. That kind of thin volume makes it hard to read the room, but the numbers we do have are worth knowing.

• Average sale price: $469,900 - essentially flat from last month
• Price per square foot: $752
• Predicted market value: $1,740,524 - nudging up from the 3-month average of $1,738,609
• Estimated monthly rent: $6,126
• Rental yield: 4.07%
• Recent value change: -1.40%
• Growth rank: 31 out of 36 neighbourhoods in Burnaby

For context, Capitol Hill houses are selling at an average of $508,500 - about $38,600 more per sale. Our neighbours in Lochdale, Capitol Hill, and Parkcrest-Aubrey all carry higher HonestDoor Prices, ranging from $2,010,322 to $2,028,803. Westridge is genuinely one of the more accessible entry points into Burnaby right now. That's not spin - that's the leaderboard.

Condos: The Wild Card Nobody Is Talking About

Here's where Westridge gets interesting. The condo picture looks completely different from the house market - and it's turning heads.

• Average HonestDoor Price for condos: $3,651,761 - down 4.15% from last period
• Predicted market value: $3,810,018 - up sharply from the 3-month average of $3,482,263
• Recent value change: +9.65%
• Estimated monthly rent: $10,889
• Rental yield: 1.66%
• Airbnb estimate: $527 per night
• Airbnb rank in Burnaby: 1 out of 37
• Growth rank: 1 out of 37 neighbourhoods in Burnaby

Yes, you read that right. Westridge condos rank number one in Burnaby for growth right now. The Airbnb potential here also tops every other neighbourhood in the city. The rental yield of 1.66% is modest, but the appreciation story and the short-term rental ceiling are doing the heavy lifting. Compare that to nearby Parkcrest-Aubrey condos at an average HonestDoor Price of $616,638 - Westridge condos are in a completely different weight class.

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

Your BC Assessment is a snapshot frozen in time - it reflects market conditions from July 1st of the prior year. A lot can shift in 12 to 18 months. The HonestDoor Price updates in real time using current sales data, market trends, and comparable properties. Right now, it's telling Westridge homeowners that the city's assessment is running about 3.77% above what the market is actually doing. That $67,000 difference is not a rounding error - it's the gap between a realistic listing price and a stale number that could cost you negotiating power or leave your home sitting longer than it should.

With 681 properties assessed in Westridge this year, there's enough data to take these signals seriously. Check your HonestDoor Price before you price your home, not after.

The So What: Should You Sell in Westridge This Summer?

Here is the honest answer. If you own a house in Westridge, the market is quiet and values have dipped 1.40% recently. You are not in a bidding war environment. Pricing sharp and close to the HonestDoor Price of $1,715,860 - not the inflated assessment - gives you the best shot at attracting serious buyers. Sitting at the bottom of Burnaby's price rankings actually works in your favour as a seller if you market it as the value play it genuinely is.

If you own a condo in Westridge, the story is more compelling. A 9.65% recent value change and the top growth rank in Burnaby means momentum is on your side. The predicted value of $3,810,018 is climbing past the current HonestDoor Price of $3,651,761. If you have been waiting for a signal, that gap closing is worth paying attention to.

• Average rental income potential: $6,059 per month for houses, $10,603 for condos
• Airbnb nightly potential: $301 for houses, $527 for condos
• Westridge Airbnb rank in Burnaby: 19 for houses, 1 for condos

Bottom line - Westridge is a neighbourhood of two very different conversations depending on what you own. Know your real number before you make a move.

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.