Burnaby Real Estate Market Report
Executive Summary
Brian SuicoLocal expert · BurnabyThe Burnaby, British Columbia real estate market is currently classified as a balanced market. The median asking price is $875K, down 2.6% over the past 30 days.
There are currently 1,951 active listings. Inventory has increased 35.3% compared to last month.
Currently, the average price per square foot is $836.
Detached properties make up the largest share of the Burnaby market at 30% of active listings with an average price of $2.3M. Condo listings follow at 70% (avg $862K).
Sales Activity & Absorption
Volume
Market Signals
Greater Vancouver REALTORS (HPI) reported 297 sales this period, 506 new listings appeared in the past month.
Market Balance
Demand moderately exceeds supply — conditions favor sellers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Metrotown | 351 | $970K |
| Brentwood Park | 330 | $962K |
| Forest Glen BS | 113 | $1.2M |
| Simon Fraser Univer. | 105 | $814K |
| Edmonds BE | 97 | $1.0M |
| South Slope | 97 | $1.4M |
| Highgate | 94 | $976K |
| Capitol Hill BN | 68 | $1.7M |
| Sullivan Heights | 67 | $775K |
| Government Road | 53 | $2.5M |
| East Burnaby | 46 | $1.9M |
| Sperling-Duthie | 45 | $2.1M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Burnaby market currently has 1,951 active listings with a median price of $875K.
- Prices declining (-2.6% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $836
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily. Prepared by Brian Suico with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.