Willingdon Heights, Burnaby - October 2026 Real Estate Report
Willingdon Heights, Burnaby: Your Home Is Worth More Than The City Thinks - Or Is It?
If you've been watching the "For Sale" signs in Willingdon Heights lately, here's what's actually happening. The market is sending mixed signals depending on whether you own a house or a condo - and the city's assessment number on your tax notice is not the whole story.
The Vibe: Houses vs. Condos in Willingdon Heights
Let's break it down for us locals, because these two property types are telling very different stories right now.
Houses
The city assessed the average house here at $1,870,362. But the HonestDoor Price - the real-world, right-now number - sits at $1,782,760. That's 4.68% below the assessed value, and it has dipped another 1.53% from the previous period. The market is taking a breather on the house side.
- Average HonestDoor Price: $1,782,760
- Average Assessed Value: $1,870,362
- Recent price change: -1.53%
- Average sale price (2026): $875,000
- Price per square foot: $801
- Estimated monthly rent: $6,260
- Airbnb potential: $311 per night
- Transactions in 2026: 5
- Neighbourhood growth rank: 10 out of 36 in Burnaby - above average
- Price rank: 31 out of 35 - among the most affordable houses in Burnaby
Here's the interesting part. The predicted market value for houses is $1,810,422, and that number is actually climbing above the 3-month moving average of $1,797,461. So while the short-term trend dipped, the forward-looking signal is pointing up. The rental yield sits at 3.84% - moderate, but steady. With only 5 transactions recorded in 2026, this is a low-volume market, which means each sale carries a lot of weight in setting the price floor for the whole neighbourhood.
Condos
This is where Willingdon Heights gets genuinely interesting for us condo owners. The city assessed the average condo at $755,910. The HonestDoor Price? $953,107. That's 26.09% higher than the assessed value - and it's still ticking up, gaining 1.00% from the previous period.
- Average HonestDoor Price: $953,107
- Average Assessed Value: $755,910
- Recent price change: +1.00%
- Average sale price (2026): $707,333
- Price per square foot: $904
- Estimated monthly rent: $3,928
- Airbnb potential: $195 per night
- Transactions in 2026: 28
- Neighbourhood growth rank: 15 out of 37 in Burnaby - above average
- Price rank: 4 out of 26 - among the most expensive condos in Burnaby
With 28 transactions already in 2026 and a price rank of 4th most expensive in all of Burnaby, condos here are punching well above their weight. The predicted value of $943,670 is slightly off the 3-month moving average of $947,140, so there's a small softening in the short run - but the gap between what the city thinks your condo is worth and what buyers are actually paying is enormous. Compared to nearby Brentwood ($638,877) and West Central Valley ($760,512), Willingdon Heights condos are leading the pack.
The Secret Sauce: Why You Should Check Your HonestDoor Price Today
Your BC Assessment notice arrives once a year. It reflects a snapshot from July 1st of the previous year. A lot changes in 12 months. The HonestDoor Price updates in real time, pulling in actual market activity to give you a current read on what your property is worth right now - not what it was worth last summer.
For condo owners in Willingdon Heights, this gap is not small. We're talking about a $197,197 difference between the assessed value and the HonestDoor Price. If you're making any financial decision - refinancing, selling, even just understanding your net worth - using the city's number alone is leaving serious information on the table.
For house owners, the story flips. The HonestDoor Price is running $87,602 below the assessed value. That matters too. If you're pricing a listing based on your tax assessment, you could be setting expectations that the current market won't support.
With 2,104 houses and 2,847 condos assessed in the neighbourhood this year, there's a deep pool of data behind these numbers. The HonestDoor Price is your real-world check against a static government figure.
The "So What?" - Thinking About Selling This Summer?
Here's the straight talk if you're weighing a summer sale in Willingdon Heights.
If you own a condo, the conditions are about as good as they get in Burnaby right now. You're sitting in the 4th most expensive condo market in the city. Buyers are paying a premium here compared to Brentwood and West Central Valley. Activity is real - 28 transactions in 2026 already. The short-term predicted value is nudging down slightly, so waiting too long into the fall could mean chasing a softening curve rather than riding the current one.
If you own a house, be realistic about pricing. The HonestDoor Price at $1,782,760 is the number that reflects what buyers are willing to pay today - not the $1,870,362 on your assessment. The good news is that the forward-looking predicted value of $1,810,422 is trending upward from the 3-month average, which suggests some recovery momentum. The neighbourhood ranks 10th out of 36 for growth in Burnaby - that's a solid leaderboard position to have in your back pocket when you're negotiating.
Bottom line: summer 2026 is a window, not a guarantee. Check your HonestDoor Price, compare it honestly to what's actually selling around you, and make your move with real numbers - not last year's tax notice.
willingdon heights | 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.