Burnaby
Burnaby
Real Estate
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Burnaby North has many types of homes available for all sorts of Homeseekers.
Listings
2021
Two-year trend.
Recently, listings have dipped in Burnaby, and currently hover near 1,400. This high level of inventory may mean that buyers are in a better position to negotiate. It also indicates increasing levels of densification.
Listing volume
Two-year trend
Featured Listings
Single-family
Single-family homes are still a large portion of Burnaby's housing stock.
Condo
Condos are increasingly becoming one of Burnaby's largest market segments.
Townhome
Burnaby will see more townhomes in the future as the area’s community plans are implemented.
Multi-family
Duplexes, triplexes and multi-family homes will likely come onto the market as well due to recent provincial legislation changes.
Buying in Burnaby North
Top three questions
How would you describe Burnaby to a potential buyer?
I would describe it as a pretty central location where it’s close to everything, accessible by transit, SkyTrain, or drive. It's a growing community so there’s still so much potential; [it’s a] safe neighbourhood, whether you’re young or a growing family.
What is your overall impression or opinion of the market in Burnaby?
I think that it is strong, during the hot market it peaks, but in the down market, it holds its value very well. There’s lots of development, lots of businesses also that open up from restaurants, shops, clinics to sports facilities. It has everything and you never have to leave it.
How has the property market in Burnaby changed over recent years?
Just from my short experience since I started I think that there are definitely more homes that are being built. It’s attracting young crowds and people, professionals, all sorts of backgrounds. More and more people are considering it if you’re coming from Vancouver and want more space. It will keep growing and rising (in value and in the height of the buildings). It’s like a Downtown 2.0!
Quote
16/10/2024
“More and more people are considering [Burnaby North] if you’re coming from Vancouver and want more space. It will keep growing and rising (in value and in the height of the buildings). It’s like a Downtown 2.0!
Russell Dela CruzRE/MAX Crest Realty
Quote
10/03/2025
“Metrotown is now the Downtown of Burnaby. This is the core of Burnaby. We have a diversity of people of all cultures here."
Doris Gee
Quote
10/03/2025
“[Government Road] is where you're going to find the larger lots and [an] established community.”
Phil Moore
Listing prices
Two-year trend
In recent years, the median list price in Burnaby has hovered just below $1 million. This is good news for buyers, because homes that sell for more than $1.5 million have implications in terms of down payments and income requirements. For those looking to invest in Burnaby, it is notable that the average list price is above $1 million, likely indicating that the reason median list prices are below this level is due to the addition of inventory. As a result, homes in Burnaby will likely appreciate in value over time.
Burnaby
The ultimate
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