Best Neighborhoods in Burnaby for First-Time Home Buyers

Finding the Right Neighborhood for First-Time Home Buyers

When searching for a home in Burnaby, first-time buyers should prioritize several key factors to ensure they choose the right neighborhood. Start by considering your budget, since the average home price is around $1,479,693. Look for neighborhoods that offer properties within your price range without compromising on essential amenities. Proximity to public transportation and schools is important, especially if you plan on commuting or have children. Walkability is another crucial factor; neighborhoods with nearby parks, shops, and restaurants can enhance your quality of life. Finally, consider the community vibe and future development plans that might affect property values in the long run.

Neighborhood #1: Brentwood Park

Brentwood Park is one of the top choices for first-time home buyers in Burnaby. This vibrant neighborhood is known for its modern amenities, proximity to the SkyTrain, and a variety of shopping options.

• Average Home Prices: Condos range from $600,000 to $1,200,000; townhouses from $1,000,000 to $1,700,000.
• Transit Score: 85 (Excellent Transit)
• Key Amenities: Brentwood Town Centre, parks, and schools.
• Unique Selling Point: The rapidly developing area features new high-rises and a youthful atmosphere.

Pros: Excellent public transit, vibrant community, and a mix of shopping and dining options.
Cons: Increasing property prices due to development may push some buyers out.

Neighborhood #2: Metrotown

Metrotown is the largest shopping district in Burnaby, making it an attractive option for first-time buyers who appreciate convenience and urban life.

• Average Home Prices: Condos from $500,000 to $1,000,000; single-family homes from $1,200,000 to $2,000,000.
• Transit Score: 90 (Rider's Paradise)
• Key Amenities: Metropolis at Metrotown, Central Park, and numerous restaurants.
• Unique Selling Point: The largest mall in British Columbia is right at your doorstep.

Pros: High walkability, fantastic shopping and dining options, and strong investment potential.
Cons: Can be crowded and noisy, especially on weekends.

Neighborhood #3: South Burnaby

South Burnaby is a family-friendly neighborhood that offers a suburban feel with easy access to urban amenities, making it a great choice for first-time home buyers.

• Average Home Prices: Single-family homes range from $1,300,000 to $2,500,000; condos from $550,000 to $900,000.
• Transit Score: 75 (Good Transit)
• Key Amenities: Schools, parks, and local shops.
• Unique Selling Point: A peaceful atmosphere with a strong sense of community.

Pros: Great for families, quieter streets, and good schools.
Cons: Limited nightlife and entertainment options compared to more urban areas.

Neighborhood #4: Lougheed

Lougheed is an up-and-coming area that is undergoing significant development and is a fantastic option for first-time buyers looking for value.

• Average Home Prices: Condos priced between $400,000 and $800,000; townhouses from $800,000 to $1,500,000.
• Transit Score: 80 (Excellent Transit)
• Key Amenities: Lougheed Town Centre, parks, and schools.
• Unique Selling Point: Strong potential for future appreciation as the area develops.

Pros: Affordable options, excellent transit access, and family-friendly amenities.
Cons: Ongoing construction and development may be disruptive.

Neighborhood #5: Edmonds

Edmonds offers a blend of affordability and comfort, making it an ideal choice for first-time home buyers looking for a laid-back lifestyle.

• Average Home Prices: Condos range from $400,000 to $800,000; single-family homes from $1,000,000 to $1,800,000.
• Transit Score: 78 (Good Transit)
• Key Amenities: Highgate Village, parks, and community centers.
• Unique Selling Point: A strong community vibe with local events and activities.

Pros: Affordable home prices, community-oriented, and good schools.
Cons: Some areas may lack certain urban amenities.

Neighborhoods to Avoid

While Burnaby has many appealing neighborhoods, some may not be well-suited for first-time home buyers. Areas like Burnaby Lake and parts of North Burnaby can have higher crime rates, limited amenities, and longer commutes to the downtown core. These neighborhoods may also have fewer shopping and dining options, making them less attractive for young families or those wanting a vibrant community atmosphere. Always consider the long-term investment potential and quality of life when choosing a neighborhood.

How to Choose

Choosing the right neighborhood involves weighing various factors. Begin by defining your budget, then research neighborhoods that meet your financial criteria. Consider lifestyle preferences—do you prioritize walkability, access to transit, or family-friendly amenities? Make a list of must-have features, and visit potential neighborhoods at different times of the day to get a sense of the atmosphere. Additionally, consult with local real estate agents to gain insights on market trends and property values. Lastly, envision your long-term plans; ensure the neighborhood aligns with your future goals, whether that’s starting a family or pursuing career opportunities.

FAQ

1. What is the average price of homes in Burnaby?
The average home price in Burnaby is around $1,479,693 as of 2026.

2. Are there affordable neighborhoods in Burnaby?
Yes, neighborhoods like Lougheed and Edmonds offer more affordable options for first-time buyers.

3. How is public transportation in Burnaby?
Burnaby has excellent public transit, with several SkyTrain lines and bus routes connecting to Vancouver and surrounding areas.

4. What should I consider when buying my first home?
Consider your budget, preferred amenities, commute times, and the community vibe to find the right fit for your lifestyle.