Burnaby Real Estate Market Report - March 2026

Burnaby's Real Estate Market: High Average Prices Amidst Sparse Townhouses

In March 2026, Burnaby's real estate market showcases an average property price of $1,441,570, a figure that significantly overshadows the median price of $889,950. This disparity indicates a market skewed by high-value properties, with the price range extending from $1,200 to a staggering $95,000,000. Notably, the absence of townhouses in the active listings further shapes the market dynamics.

Price Breakdown by Property Type

Implications for Buyers

With 1,686 active listings, including 1,129 condos, buyers have a broad selection in the condo market. The skewed average price suggests opportunities for buyers to capitalize on lower median-priced properties, particularly condos. New listings within the last 30 days total 578, providing fresh options. Buyers should focus on properties below the median to maximize value, especially given the absence of townhouses, which limits competition in that segment.

Implications for Sellers

Sellers of houses in Burnaby can leverage the high average price of $1,441,570 to position their properties at the higher end of the market. With only 402 houses listed, scarcity could drive competitive bidding, particularly for well-maintained properties. Condo sellers, with 1,129 listings, should consider pricing strategies that highlight value, especially in a market where new listings are frequent. The lack of townhouses presents a unique opportunity for sellers to potentially develop or market similar properties to fill this gap.

30-Second Takeaway

• Burnaby's average property price stands at $1,441,570, with a notable absence of townhouses in the listings.
• Buyers should target properties below the median price of $889,950, focusing on the abundant condo market.
• Sellers, particularly of houses, can benefit from the high average prices and limited competition.
• The market presents opportunities for townhouse development to meet potential demand.