Westridge, Burnaby - September 2026 Real Estate Report

Westridge, Burnaby: Your Neighbour Just Got a Reality Check on Their Home Value

If you own a home in Westridge and you've been glancing at your BC Assessment notice feeling pretty good about yourself, hold on. The real-world numbers tell a slightly different story - and knowing the difference could matter a lot if you're thinking about making a move this summer.

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

Let's split this into two very different conversations, because houses and condos in Westridge are living in completely separate realities right now.

Houses: Affordable for Burnaby, But Watch the Trend

Here's the honest picture for houses in our corner of Burnaby. The average assessed value sits at $1,783,067, but the HonestDoor Price - the number that actually tracks what buyers are paying today - comes in at $1,710,822. That's a $72,000 gap. The city's assessment is running hot compared to where the market is right now.

• Average Assessed Value: $1,783,067
• HonestDoor Price: $1,710,822 (up 1.53% from last period)
• Predicted Market Value: $1,685,033
• 3-Month Moving Average: $1,713,806 (values are drifting down from here)
• Recent Price Change: -1.80%
• Average Sale Price: $469,900
• Price Per Square Foot: $752
• Estimated Monthly Rent: $5,978
• Rental Yield: 4.11%
• 681 properties assessed this year

On the neighbourhood leaderboard, Westridge houses rank 24 out of 36 for growth - that's below average for Burnaby. For price, we sit at 35 out of 35, which makes us one of the most affordable spots in the city. That's not a bad thing if you're a buyer. If you're a seller, it means you're competing hard on price.

One sale went through last month. Just one. That's a thin market, and thin markets can swing prices fast in either direction. For context, Capitol Hill houses are moving at an average of $508,500 - about $38,600 more than what we're seeing here. Our neighbours in Lochdale ($2,037,130 HD Price), Capitol Hill ($1,980,004), and Parkcrest-Aubrey ($2,013,793) are all priced higher, though they're all seeing the same -0.03% year-over-year growth we are. Nobody's running away from us - we're all taking a breather together.

Condos: A Wild Card Worth Watching

Condos in Westridge are a completely different animal. We're talking about a small, high-value segment that's moving in its own direction.

• HonestDoor Price: $3,727,274 (down 4.12% from last period)
• Predicted Market Value: $3,887,530
• 3-Month Moving Average: $3,783,103 (predicted value is climbing above this - a positive signal)
• Recent Price Change: +6.46%
• Estimated Monthly Rent: $11,006
• Rental Yield: 1.64%
• Airbnb Estimate: $533 per night
• Airbnb Rank in Burnaby: 1st

That Airbnb ranking is worth a double-take. Westridge condos rank number 1 in all of Burnaby for short-term rental potential. If you own a condo here and you're not thinking about that angle, you might be leaving money on the table. The growth rank for condos sits at 3 out of 37 neighbourhoods - that puts us firmly in the top performers category for Burnaby. The HonestDoor Price dipped 4.12% recently, but the predicted value is now sitting above the 3-month average, which suggests that dip may be stabilizing.

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

Your BC Assessment is a snapshot taken on July 1st of the previous year. By the time it lands in your mailbox, it's already six-plus months old. The market doesn't care about that date.

For Westridge houses, the assessed value of $1,783,067 is running about 4.05% higher than the HonestDoor Price of $1,710,822. That gap is your reality check. If you price your home based on the assessment alone, you risk sitting on the market longer than you need to. The HonestDoor Price pulls from current sales data and adjusts in real time - it's the number that reflects what a buyer will actually write on an offer today, not what the government thought your home was worth last summer.

With the predicted market value for houses now at $1,685,033 - sitting below even the HonestDoor Price - the trend is worth watching closely. Waiting for the next assessment cycle to get a clearer picture means waiting another year. That's too long.

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

If you're a Westridge homeowner eyeing a summer sale, here's the straight talk.

For house owners - the market is quiet. One sale last month tells you competition among buyers is low right now. You're priced as one of the most affordable options in Burnaby, which is actually a selling point, but you need to be sharp on your number. Pricing at or near your assessment could leave you overpriced relative to where buyers are actually landing deals. The HonestDoor Price of $1,710,822 is your anchor. The predicted value of $1,685,033 is your floor to think about. List smart, not optimistic.

For condo owners - the story is more interesting. A 6.46% recent price change and a top-3 growth rank in Burnaby means there's momentum here. The short-term rental appeal (number 1 in Burnaby for Airbnb potential) gives your property a story to tell buyers who are thinking about income. That's a real advantage in a slower market.

Either way, the move right now is to check your HonestDoor Price before you do anything else. It's free, it's current, and it's the number that actually reflects today's Westridge market - not last July's.

• Neighbourhood growth (overall): -0.03% year over year
• House growth rank: 24 out of 36 in Burnaby (below average)
• Condo growth rank: 3 out of 37 in Burnaby (top performers)
• Average rental estimate (all properties): $6,046 per month
• Average Airbnb estimate (all properties): $300 per night
• Airbnb rank in Burnaby (overall): 19th
• Assessed value rank in Burnaby: 18th

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.