Burnaby North

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.

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.

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!

In the next five to ten years I suspect that again it will be like Downtown Vancouver, more tech hubs, office spaces and just an ecosystem, where you live, work and do everything in Burnaby.

There’s, I would say, 20% – 30% detached, 40% – 50% condos and the rest are townhomes. That is what I suspect.

Yes it is. Anything is negotiable. It’s definitely better to do it on a cooler or more balanced market.

Accessibility for condos, being close to everything. And if it’s a house then as long as it’s structurally sound close to good schools.

If it’s a [detached] house then yes [it’ll be difficult], because price points are in the $2 million.

Very satisfied. From my experience when I follow up with my clients they are happy and even tell more stuff that I didn’t know about before or how the community is changing or evolving. I think that they should treat it as their home versus a stock, but I believe if you have long term plans like five to ten years or more then you should see the value go up.

When buying a detached or townhome, neighbourhood, location, safety, proximity to school and for condos I think [consider] the builder’s reputation, how well the strata has been keeping up with the maintenance, accessibility and also future growth in the area.

Amazing Brentwood towers, Gilmore Place, South Yards by Anthem and Solo District; I think will bring in a new crowd to the area in Brentwood Burnaby.

I think young professionals, or growing families. I think other families and friends, when they start seeing some of their friends relocate or move out, there's no big necessity to stay in Vancouver. They think, “oh, you know, I've heard from my friend, or they've been living there for quite a few years now, and I think that it's a good location to be in.” Or maybe some people already have family out there, so maybe they want to get close to their parents or other family members, and then they also see that there's quite a lot of progress happening in the city. So there's new stores coming out, new there's always something new. And also, I think a lot of the change in work environment doesn't require you to be in the office as much or in the city as much. It could be more of a hybrid role. So I'm seeing that with my clients.

Yes, BC's new zoning rules are driving a trend of redeveloping single-family lots into multi-family dwellings to address housing shortages and affordability, particularly in urban areas. This shift will likely accelerate in coming years, increasing density and housing options.

In Burnaby North, densification around Hastings Street will lead to more mid-rise apartments and mixed-use developments, creating a more urbanized feel. This could result in taller buildings and more people living near shops, services and public transit. The change around Hastings will make it busier and more vibrant hub.