If you have been watching the "For Sale" signs in Windsor and wondering what is actually going on with prices, here is the straight answer: the market is taking a breather. Values are softer than the city's official numbers suggest, and if you are making any decisions based on your tax assessment alone, you are working with stale data.
Let's break down what we are actually seeing on the ground for each property type.
We are sitting in premium territory. Windsor houses rank 5th out of 35 neighbourhoods in Burnaby for price - that puts us near the top of the city's most expensive addresses. The average sale price is holding at $1,780,000, and price per square foot is around $1,266. Sales activity is quiet with 1 transaction this month, but that is not unusual for a high-price pocket where homes do not turn over fast.
The forward-looking number is encouraging. The predicted market value for houses sits at $1,835,514, which is climbing above the 3-month moving average of $1,813,956. Property values have moved up 2.60% recently, and that growth ranks 8th out of 36 comparable neighbourhoods in Burnaby - solidly above average on the neighbourhood leaderboard.
The condo story is a bit different. Windsor condos are among the more affordable options in Burnaby - ranked 22nd out of 26 neighbourhoods for price. The average sale price came in at $430,000, which is actually below the HonestDoor Price of $570,869. That gap is worth paying attention to. The predicted value is also dipping slightly below the 3-month moving average of $573,027, so the short-term trend is softening.
Here is the silver lining though: on the growth leaderboard, Windsor condos rank 6th out of 37 neighbourhoods in Burnaby. That puts us in the top performers category for growth, even if the absolute price point is modest. For investors or first-time buyers, that combination - affordable entry price plus above-average growth ranking - is worth a second look.
Here is the thing about your BC Assessment notice. It is a snapshot from July 1st of the previous year. The market has moved since then - and in Windsor, it has moved down from where the city pegged it.
For houses, the average assessed value is $1,911,365. The average HonestDoor Price is $1,794,616. That is a gap of over $116,000 - and the HonestDoor Price has already pulled back 2.23% from the previous period. The city's number is 6.11% higher than what the real-world market is signalling right now.
For condos, the assessed value averages $603,475. The HonestDoor Price is $567,037 - again, about 6% lower than what the city has on record. If you are pricing a listing, negotiating a purchase, or just trying to understand your net worth, the HonestDoor Price is the real-world check. It updates continuously. Your assessment does not.
If you are a Windsor homeowner eyeing a summer sale, here is what the numbers are telling you.
For house sellers, the predicted value of $1,835,514 is trending upward from the moving average, and your growth rank of 8th in Burnaby gives you a solid story to tell buyers. The market is not on fire, but it is not falling apart either. Pricing sharp and close to the HonestDoor Price - not the inflated assessment - is how you attract serious offers instead of sitting on the market.
For condo sellers, the picture calls for more care. The predicted value is softening slightly, and nearby neighbourhoods like Kingsway-Beresford and Clinton-Glenwood are carrying higher condo prices. That means buyers have options. Your edge is that Windsor condos are genuinely affordable relative to Burnaby, and that top-10 growth ranking gives motivated buyers a reason to choose here over a pricier postal code.
Bottom line: do not let a high assessment give you false confidence on your listing price. Pull your HonestDoor Price first. That is the number that reflects what buyers are actually paying in today's market - not what the city guessed last July.
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.