Willingdon Heights, Burnaby - September 2026 Real Estate Report

Willingdon Heights, Burnaby: Your Home Is Probably Worth Less Than The City Thinks

If you have been glancing at your latest BC Assessment notice and feeling pretty good about yourself, hold on. The real numbers on the ground tell a slightly different story - and knowing the difference could save you from a costly mistake this summer.

The Vibe: What Is Actually Happening With Houses and Condos Right Now

Let us break this down by property type, because houses and condos are moving in completely opposite directions in our neighbourhood.

Houses - Taking a Breather

The house market in Willingdon Heights is quiet. We are talking 1 sale this month, with an average sale price sitting at $875,000 and a price per square foot of around $801. That sale price is holding steady compared to last month, and it does beat nearby West Central Valley where houses are moving at $750,556 - so we are not the cheapest option on the block.

The bigger picture, though, is worth paying attention to. The predicted market value for houses here sits at $1,769,767, and that number is sliding - it is down from the 3-month moving average of $1,805,501. Property values have shifted by -2.34% recently.

• Predicted market value: $1,769,767
• 3-month moving average: $1,805,501 (values are trending down)
• Average sale price: $875,000
• Price per square foot: $801
• Estimated monthly rent: $6,225
• Rental yield: 3.87%
• Neighbourhood growth rank: 30 out of 36 in Burnaby
• Price rank: 31 out of 35 in Burnaby

That growth rank is the number to watch. Sitting at 30 out of 36 puts Willingdon Heights houses near the bottom of the Burnaby leaderboard right now. It does not mean panic - it means awareness.

Condos - The Brighter Spot

Condos are a different conversation entirely. Three sales went through this month, and while the average sale price of $707,333 is down 15.8% from last month, the longer-term predicted value tells a more optimistic story. The HonestDoor Price for condos here is $943,670 - and that number is actually ticking up, sitting above the 3-month moving average of $953,764.

Here is the stat that should turn heads: the average condo assessed value is $755,910, but the HonestDoor Price is $943,670. That is a 24.84% gap. If you own a condo here and you are basing any financial decision on your BC Assessment, you are working with an incomplete picture.

• Average HonestDoor Price (condos): $943,670
• Average assessed value (condos): $755,910
• Gap: 24.84% higher than assessment
• Average sale price: $707,333
• Price per square foot: $904
• Estimated monthly rent: $3,943
• Rental yield: 3.24%
• Recent value change: +1.76%
• Growth rank: 18 out of 37 in Burnaby - above average
• Price rank: 7 out of 26 in Burnaby - among the pricier options

Compared to every nearby neighbourhood - Brentwood, West Central Valley, Dawson-Delta - our condos are commanding higher prices and growing faster. That is a real competitive edge.

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

BC Assessment snapshots your property value on July 1st of the previous year. By the time that notice hits your mailbox, the market has already moved on. In a neighbourhood like ours where condo values are running nearly 25% above assessment and house values are shifting month to month, that government number is basically a history lesson.

The HonestDoor Price updates in real time. It pulls from actual transaction data, current market conditions, and comparable sales happening right now - not 12 months ago. For houses, the HonestDoor Price of $1,810,422 is actually 3.20% below the assessed value of $1,870,362. That gap matters. If you price your house based on the assessment, you might be starting a conversation at the wrong number.

For condo owners, the opposite is true - your real-world value is likely well above what the city has on file. Knowing that before you list, refinance, or even just plan your next move is worth something.

The So What - Should You Sell in Willingdon Heights This Summer?

Here is the straight answer, split by what you own.

If you own a house: the market is soft right now. Values are drifting down from recent highs, transaction volume is thin, and our growth rank puts us near the back of the Burnaby pack. That does not mean you cannot sell - it means you need sharp pricing and realistic expectations. Leaning on your 2025 assessment to set your list price is a mistake. Check your HonestDoor Price first, because the market has moved below that assessment number.

If you own a condo: the story is more encouraging. Values are holding, the HonestDoor Price is trending up, and we rank above average in Burnaby for condo growth. With 28 transactions already recorded in 2026 and a price rank of 7 out of 26 neighbourhoods, there is genuine buyer interest here. If you have been sitting on the fence, this summer is a reasonable window to have that conversation.

Either way, the starting point is the same - get your HonestDoor Price, compare it to your assessment, and make decisions based on what the market is actually doing today.

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.