Burnaby Real Estate

Listings last updated 01/24/2021
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Real estate roundup: Burnaby, BC housing market overview

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There are 624 houses for sale in Burnaby, BC.

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With a population of approximately 223,000 people, Burnaby is the third-largest city in British Columbia. Burnaby’s combination of modern urban living surrounded by the breathtaking naturistic views of British Columbia makes Burnaby one of the most liveable cities in Western Canada.

Burnaby occupies 38.07 square miles and is located in the geographical centre of the Metro Vancouver area. It is home to many commercial and industrial companies as there’s an abundance of young professionals and families living in Burnaby who commute to Vancouver on a daily basis.

Since Burnaby is the third-largest city in British Columbia, its real estate market is growing rapidly in bustling neighbourhoods which are attractive for young professionals, families, and retirees who are looking to settle down in this beautiful city.

The economy consists of various firms setting up camp in Burnaby including information technology, education, new media, and wireless companies.

Burnaby is also home to stable industrial sectors such as agriculture, heavy and light industries.

Burnaby’s School Board has been offering quality education to thousands of students in each community and has established 41 elementary schools and 8 secondary schools.

As for transportation, Burnaby has an efficient transit system that includes Sky Trains, Sea Buses, and buses to make it convenient to travel to and from Vancouver and neighbouring cities New Westminster and Coquitlam.

Lastly, the real estate economy is booming in Burnaby and attracts young professionals’ new families, and retirees as there is a variety of new condominiums, single family homes, and detached and semi-detached homes up for sale.


Burnaby, British Columbia

Burnaby, British Columbia
  • Country: Canada

  • Province: British Columbia

  • Nickname(s): -

  • Population: 223,218 

  • Area:

    City: 90.61 km2 


Since Burnaby is an urban city, the majority of residents commute to work and school from their homes into Vancouver. Its infrastructure is built on an efficient transit system, so Sky Trains, Sea Buses, and buses make it easy to travel to and from Vancouver and neighbouring cities Coquitlam and New Westminster. The Vancouver International Airport is also a short distance away by car and bus.


Real Estate Market

Looking to buy a home in Burnaby, British Columbia? You’re in luck because Burnaby’s real estate market is growing rapidly in bustling neighbourhoods filled with new condominiums and single-family homes being built as we speak!

Burnaby consists of thirteen urban villages and four town centres – Metrotown, Edmonds, Lougheed, and Brentwood.

Burnaby homes for sale are located in family-friendly suburban areas like West Newton and North Burnaby. Since Burnaby is ideal for young professionals and new families, there is a range of condominiums, single family homes, townhouses, detached and semi-detached family homes up for sale.

Burnaby also attracts retirees, so there are many luxury estates that offer commercial and residential properties, while new communities are being built along the convenient transit lines.

Burnaby’s location is ideal for nature lovers because the new areas of Renfrew Heights overlook the views of the North Shore Mountains. Renowned neighbourhoods of Deer Lake and Buckingham Heights offer luxury homes and plenty of lots where you can build your own dream home!

With the famous MetroTown Mall, Deer Lake Park, and Burnaby Mountain, Burnaby is a beautiful and safe place to call home and raise a family.

  • Average Home Price: $858,200
  • Average Rent Price: $1,150.00 
  • Average Condo Price: $549,500
  • Average Detached Home Price: $1,250,000
Home Style Average Price
2 storey $1,407,401
Bungalow $1,309,181
Condo $422,177

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major British Columbia and Canadian centres.



Burnaby is internationally recognised as a Canadian educational hub that offers access educational opportunities at all levels. Every year, thousands of international students attend Burnaby’s public schools and two post-secondary institutions, Simon Fraser University and BCIT. Since 1906, Burnaby’s School Board has been offering quality education to thousands of students in each community. To think the school board began with a combination of one-room schoolhouses in the 20th century, and has now established 41 elementary schools and 8 secondary schools.

The Burnaby School Board enrols 24,000 students from kindergarten to Grade 12 and has over 4,000 teachers and employees who provide all students with high-quality programs that motivates student achievements in areas such as academics, athletics, visual and performing arts, trades training, teamwork, and social responsibility.


Economic Development

Vibrant and buzzing with opportunities, Burnaby’s economic development makes it the best place to conduct business in British Columbia’s Lower Mainland. As the third largest city in B.C, Burnaby has a diversified economy that is home to many businesses including: Information Technology
• Wireless
• Biotechnology
• New Media
• Education
• Environmental Technology
• Tourism

Burnaby also has stable industrial sectors that include:
• Agriculture
• Heavy Industry
• Light Industry
• Not-For-Profits
• Warehousing/Distribution

So if you’re thinking of relocating to Burnaby, the business and economic forecast is on the rise making it a great place to live and build a successful career.

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