Burnaby, BC
Burnaby: A Closer Look
Demographics
Total Population
249,125
Median Household Income
$83,000
Median Age
40.4
Burnaby Living: Is It for Me?
Area overview
Burnaby sits just east of Vancouver, giving you the best of both worlds – urban living with a more relaxed vibe. It’s got tons of parks and green spaces, including the beautiful Burnaby Mountain with amazing views. You’ll find great shopping at Metropolis at Metrotown (BC’s biggest mall) and lots of tasty restaurants scattered around town.
Getting around is a breeze in Burnaby. The SkyTrain runs right through it, with several stations connecting you to Vancouver and beyond. Buses are plentiful too. If you’re commuting to downtown Vancouver, it usually takes about 20-30 minutes by SkyTrain or 30-45 minutes by car, depending on traffic and where in Burnaby you start.
Burnaby’s got everything you need – good schools, libraries, community centers, and sports facilities. It’s a diverse, family-friendly place with a mix of quiet neighbourhoods and bustling urban areas. Whether you’re after a house with a yard or a sleek condo, Burnaby’s got options to fit different lifestyles and budgets.
Move to Burnaby for its perfect mix of urban convenience, natural beauty, top-notch amenities, and quick access to Vancouver.
Avg. Prices as of Jan. 2025
Condo $774,819 | Townhouse: $986,234 | House $2,186,097
Burnaby's HPI Benchmark Prices
January 2025 Typical Housing Prices
The MLS® HPI Benchmark Prices represent the expected sales price for a typical or “Benchmark” home in a given neighbourhood. Click the link for more details.
Condo
$801,000
Townhouse
$989,900
House
$2,170,500
Neighbourhood Guide
Explore Burnaby's neighbourhoods and find the one that feels like home.
Type of market indicator. The sales-to-active listings ratio measures supply and demand by comparing the total supply of homes for sale to sales during the month. Click the link for more details.
Burnaby’s Top 5 Neighborhoods
Insider's January 2025 Picks
Find out where homes sell fastest in Burnaby. See how often buyers bid over the asking price and compare average selling prices across neighbourhoods.
| Rank | Subarea | % Sold Above List | % Sold Under 10 Days | $ Avg. Sale Price |
|---|---|---|---|---|
| 1 | Buckingham Heights | 0 | 100 | 3100000 |
| 2 | Capitol Hill | 33 | 67 | 1300000 |
| 3 | Simon Fraser Hills | 43 | 57 | 671000 |
| 4 | Willingdon Heights | 21 | 64 | 1400000 |
| 5 | Forest Hills | 13 | 63 | 1000000 |
Burnaby's Prices vs. Time on Market
3-year Retrospective
The data shows how quickly homes sold and their prices changed over the last three years.
Burnaby real estate listings
- Newest MLS® listings (last 7 days)
- Recently sold MLS® listings (last 90 days)
- Property price history
- Local market trends & insights
Listings current as of January 21, 2025
Burnaby Real Estate Market
If you can’t find the answer you need, don’t worry – ask us! We’re here and happy to help you out!
What is MLS® HPI benchmark price?
The MLS® HPI Benchmark Prices represent the expected sales price for a typical or “Benchmark” home in a given neighbourhood.
The MLS® HPI considers what averages and medians do not: lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or benchmark property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.
What does sales to active listings ratio mean?
The sales-to-active listings ratio measures supply and demand by comparing the total supply of homes for sale to sales during the month.
The terms buyers’ markets, sellers’ markets, and balanced markets describe the state of the real estate market in terms of the pressure it puts on home prices. A buyers’ market occurs when the sales-to-active listings ratio falls below 12%, indicating that more homes are available than buyers are looking for. On the other hand, a sellers’ market occurs when this ratio exceeds 20% for a sustained period, indicating more buyers than homes available. Finally, a balanced market occurs when the ratio falls between these two values, indicating that the market is relatively stable and has a roughly equal number of homes and buyers.