Westridge, Burnaby - October 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 $1,700,697. That's an $82,370 gap - and it matters more than you think heading into summer selling season.
The Vibe: What's Actually Happening in Westridge Right Now
Let's be straight with each other. Our neighbourhood is taking a breather. Year-over-year growth is down 0.03%, and the HonestDoor Price has slipped another 0.59% from last period. That's not a crash - it's a slow exhale. But it does mean we're not in a "list it and watch the offers roll in" market right now.
Here's how houses and condos are telling two very different stories:
Houses in Westridge
The house market here is quiet - one sale last month, essentially unchanged from the month before. That low volume makes every data point a bit wobbly, so take the averages with some context. That said, here's what the numbers are showing us:
- Average sale price: $469,900
- Price per square foot: $752
- Predicted market value: $1,710,822
- 3-month moving average: $1,703,905 - and the trend is ticking upward
- Estimated monthly rent: $6,046
- Rental yield: 4.10%
- Recent value change: up 1.53%
- Growth rank: 17 out of 36 neighbourhoods in Burnaby - above average
- Price rank: 35 out of 35 - among the most affordable in Burnaby
That price rank is the headline for houses. We are the most affordable option in Burnaby right now. For a buyer who wants into this city, Westridge is the entry point. That's actually a selling point - not a knock. And with the predicted value creeping above the 3-month average, the short-term direction for houses is pointing up, not down.
One thing worth noting - Capitol Hill houses are selling at an average of $508,500, which is higher than our $469,900. If you're a Westridge homeowner, that gap is something to watch. It could close, and that's upside for us.
Condos in Westridge
The condo picture here is a different animal entirely - and honestly, a bit of a head-scratcher. The average HonestDoor Price for a Westridge condo sits at $3,861,771, up 3.61% from last period. That's a serious number. For context, condos in nearby Lochdale average $2,276,230, Capitol Hill sits at $1,125,976, and Parkcrest-Aubrey is at $610,404. Westridge condos are in a league of their own in this corner of Burnaby.
- Average HonestDoor Price: $3,861,771 (up 3.61%)
- Predicted market value: $3,727,274
- 3-month moving average: $3,755,521 - and the trend is dipping
- Estimated monthly rent: $10,736
- Rental yield: 1.68%
- Airbnb estimate: $544 per night - ranked 1st in all of Burnaby
- Recent value change: -4.12%
- Growth rank: 35 out of 37 neighbourhoods in Burnaby - bottom of the pack
That -4.12% recent change and a bottom-tier growth rank tell us the condo segment here is under pressure right now. The predicted value is already sitting below the 3-month average, which means the short-term momentum is working against condo owners. The one bright spot? That Airbnb ranking of number one in Burnaby is real. If you own a condo here and you're not thinking about short-term rental income, you're leaving money on the table.
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 previous year. A lot has changed since then. The HonestDoor Price pulls in real-time sales data, current market signals, and live neighbourhood trends to give you a number that reflects what a buyer would actually pay today - not what they might have paid 12 months ago.
In Westridge right now, the city's assessment is running 4.62% higher than the HonestDoor Price. That gap is not in your favour if you're pricing a listing based on your assessment. A buyer's agent will know the real number. You should too - before you sit down at the negotiating table.
The HonestDoor Price for Westridge houses is $1,700,697. That is your real-world anchor. Use it.
The "So What?" - Thinking About Selling This Summer?
Here's the honest take for anyone in Westridge weighing a summer sale:
- If you own a house - you're in the most affordable price bracket in Burnaby, growth is ranked above average at 17 out of 36, and the short-term value trend is moving up. Summer is not a bad window. Price it sharp, price it at the HonestDoor number, and you have a story to tell buyers who've been priced out of Lochdale ($2,009,041) and Parkcrest-Aubrey ($2,001,571).
- If you own a condo - the recent -4.12% value change and a growth rank of 35 out of 37 are signals worth taking seriously. The market is soft right now. If you need to sell, price it to move. If you can wait, the Airbnb income potential at $544 per night - the best in Burnaby - gives you a real option to generate cash while you hold.
- For everyone - stop relying on your assessment as a pricing guide. Check your HonestDoor Price first. That $82,370 gap between the city's number and the real-world number for houses is exactly the kind of thing that derails a deal when it surprises you mid-negotiation.
Westridge is not the flashiest neighbourhood on the Burnaby leaderboard right now. But for houses, it is one of the most accessible - and that is a genuine advantage in a market where buyers are stretched. Know your number, price it right, and you have a real shot this summer.
westridge | 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.