Last updated: May 2026 (using April 2026 REBGV data)
The Burnaby Market Right Now
Burnaby is one of the most active real estate markets in Metro Vancouver, and April 2026 confirmed it. Total transactions hit 257 units across the city, with Burnaby East posting a 25% month-over-month gain in sales (the strongest single-pocket performance in the region). The market is firming up faster here than in most surrounding cities.
The story in Burnaby is two markets running side by side. The Brentwood, Lougheed, and Metrotown high-rise condo corridor moves on its own rhythm: tight inventory, fast sales, and buyers competing for SkyTrain-accessible units. Meanwhile, the detached home market in Burnaby Heights, Capitol Hill, and Deer Lake is slower, with longer days on market and more negotiation room. If you're buying or selling here, the strategy depends entirely on which Burnaby you're in.
Burnaby Market Stats (April 2026)
| Property Type |
Sales (April) |
Market Activity |
| Detached Homes |
53 sales |
Slower, more negotiable |
| Townhouses |
43 sales |
Balanced, family-driven |
| Condos |
161 sales |
Active, fast-moving |
| All Property Types |
257 sales |
Strong overall |
Key indicators:
- Average House Price: $971,131 (across all property types)
- Median Days on Market: 28 days
- New Listings (last 28 days): 643
- Burnaby East MoM Sales Gain: +25%
- Greater Vancouver Detached Benchmark: $1,840,700 (down 8.3% YoY)
- Greater Vancouver Townhouse Benchmark: $1,043,400 (down 5.1% YoY)
- Greater Vancouver Condo Benchmark: $703,000 (down 7.9% YoY)
Data sourced from Greater Vancouver REALTORS® (GVR) MLS® reports.
What's Actually Happening Behind the Numbers
Burnaby's condo market is the strongest performer this spring. 161 condo sales in April makes it one of the busiest apartment markets in the Lower Mainland. The new high-rises along Lougheed and Brentwood are absorbing demand from young professionals, downsizers from West Vancouver and Vancouver West Side, and investors looking for SkyTrain-adjacent rentals. Cap rates in Burnaby condos are still beating most of Vancouver.
The detached market is where opportunity sits. Year-over-year prices are down meaningfully (the detached benchmark across Greater Vancouver dropped 8.3%), and Burnaby Heights, Capitol Hill, and Buckingham Heights are all seeing extended days on market. If you're a buyer with a flexible timeline and you're tired of being outbid in Coquitlam or New West, Burnaby detached is worth a serious look right now.
Townhouses in South Slope, Highgate, and Edmonds are moving quickly. Family buyers who can't stretch to detached at $1.6M+ are landing on Burnaby townhomes around $1M to $1.2M, and inventory in good school catchments is tight.
Selling in Burnaby? Here's What to Know
Burnaby is not one market, it's at least three. A Brentwood high-rise condo sells in 14 days. A Capitol Hill detached can sit for 90+. Knowing what's actually happening in your specific pocket (and your specific building, if you're selling a condo) is the difference between a fast sale and a price reduction.
Selling with a traditional commission structure on a $1.5M Burnaby home costs you a lot more than most people realize. With One Percent Realty, that money stays in your pocket. Run the actual numbers:
Calculate My Commission Savings →
Explore Burnaby Neighbourhoods
Burnaby covers a huge area with very different price points and lifestyles. Here are the neighbourhood guides, grouped by area:
North Burnaby
East Burnaby
South Burnaby
Frequently Asked Questions
What's the average home price in Burnaby?
As of April 2026, the average sold home price in Burnaby is $971,131 across all property types. Detached homes average around $1.95M, townhouses sit around $1M, and condos average roughly $664K to $700K depending on the neighbourhood and building.
Is Burnaby a buyer's or seller's market in 2026?
It depends on the property type and neighbourhood. The condo market in Brentwood, Metrotown, and Lougheed is firmly active with fast sales. Detached homes in north and east Burnaby are softer, with more leverage for buyers. Townhouses sit in the middle with balanced conditions.
Which Burnaby neighbourhood is best for families?
Brentwood, Burnaby Heights, South Slope, and Deer Lake are all strong family picks. Good schools, parks, and quieter residential streets while still being well-connected to transit and amenities.
Is Burnaby cheaper than Vancouver?
Yes. Burnaby detached homes typically run $200K to $500K less than equivalent Vancouver West Side homes. Condos in Burnaby are roughly 8 to 15% less than comparable Vancouver units, while offering similar SkyTrain access and amenities.
Are Burnaby condos a good investment?
Strong fundamentals. Burnaby has heavy rental demand from SFU students, Vancouver commuters, and tech workers, plus ongoing transit-oriented development that supports long-term appreciation. Cap rates in Burnaby tend to beat Vancouver and stay competitive with the Tri-Cities.
How much can I save selling with One Percent Realty in Burnaby?
Savings scale with your home's price. On a $1.5M Burnaby home, sellers often keep tens of thousands of dollars in equity that would otherwise go to commission. Use the calculator above to run your specific numbers.
Thinking About Buying or Selling in Burnaby?
I'm Michael Bortolin, a 1% commission REALTOR® with One Percent Realty. I work all over Burnaby (Brentwood condos, Metrotown high-rises, Capitol Hill detached, Edmonds townhomes) and I'll give you honest, neighbourhood-specific advice instead of a generic pitch.
