Metro Vancouver’s real estate market continues to be scorching hot, and Burnaby North is no exception. The benchmark home price in Burnaby North is $706,000 according to the just-released April statistics from Greater Vancouver Real Estate Board, and Burnaby was one of the top three areas in BC to see the sharpest rise in property values in 2016. Encompassing more than a dozen smaller communities, including Capitol Hill, Government Road, SFU and Vancouver Heights, Burnaby North is one of our most-searched locations on REW.ca.
The desirability of this area is clear in the skyrocketing real estate prices over the past year – condos rose $70,000, townhomes by $250,000 and detached houses by a staggering $465,000. The neighbourhoods feature a mix of the three types of homes, with townhomes and single family houses selling the most quickly at just 11 days on the market for each type of dwelling. The median days on the market for condos by contrast was 17. Surprisingly, though townhomes in the area are the hardest property type to come by, they provide the best value per square foot at $381 per square foot, beating out event condos.
To learn out all about what’s been happening in Burnaby North real estate over the past year, see our handy infographic below.
To find your perfect Burnaby North home, check out our Burnaby North listings.
If you like this infographic, be sure to check out the previous segments in our Neighbourhood Focus series: