Burnaby BC Real Estate Market Overview

As of June 2026, there are 347 active property listings in Burnaby, British Columbia. Located in Metro Vancouver, Burnaby is renowned for its diverse neighbourhoods, extensive parks, and excellent transit connections, including the SkyTrain network. The city’s proximity to Vancouver’s core, access to Burnaby Mountain, and vibrant commercial centres make it a highly desirable location for both buyers and investors. Whether you're exploring single-family homes near Deer Lake, modern condos along Metrotown, or townhouses in Burnaby Heights, the area offers a wide range of options suited to various lifestyles. The city’s growth is supported by a robust local economy in technology, film, port logistics, and education, making Burnaby an attractive place to call home or invest in. With the region's strong amenities and scenic views, Burnaby continues to draw residents seeking convenience, culture, and natural beauty.

Burnaby Market Summary

The Burnaby real estate market currently has 347 active listings. The median home price is $899,000, with properties ranging from $155,000 to $4,388,888.

  • For sale: 347
  • For rent: 0
  • New construction: 0
  • Avg. bedrooms: 2.8
  • Active agents: 273

Market Snapshot

347
Active Listings
$899,000
Median Price
347
For Sale

Market Overview

Price Range

Minimum$155,000
Median$899,000
Maximum$4,388,888

Listing Breakdown

Total Active Listings347
For Sale347
For Rent0
New Construction0

Property Types Available

Property Details Average

2.8

Avg. Bedrooms

2.3

Avg. Bathrooms

273

Active Agents

Market Insights

In June 2026, Burnaby's median home price stands at CAD $899,000, with 347 active listings across the city. The market reflects a highly competitive environment typical of Metro Vancouver, with a broad mix of properties from condos to family homes. Local demand is driven by Burnaby’s strategic location, transit accessibility, and strong employment sectors like technology and education. The city’s diverse neighbourhoods, combined with ongoing development, support stable property values and opportunities for both buyers and sellers. As the third-largest metro area in Canada, Burnaby remains a key market in British Columbia, with consistent activity influenced by provincial policies and regional economic trends.

Frequently Asked Questions

In British Columbia, the Property Transfer Tax (PTT) is 1% on the first CAD $200,000, 2% on the amount from CAD $200,001 to CAD $2,000,000, and 3% above CAD $2,000,000. Burnaby, as part of Metro Vancouver, follows these provincial rates. First-time buyers may qualify for exemptions up to a certain threshold, reducing the tax payable and making homeownership more accessible.

The Home Buyer Rescission Period in BC is three (3) business days following accepted offer, allowing buyers to reconsider their purchase without penalty. This applies to most residential property transactions in Burnaby, providing a safeguard during the purchasing process. Sellers should be aware of this window as part of their transaction timeline.

Yes, most condos and townhouses in Burnaby are governed by the BC Strata Property Act, which includes strata fees. These fees cover maintenance, insurance, and reserve funds, and are detailed in the strata corporation’s bylaws and depreciation reports. Buyers should review these aspects before purchasing to understand ongoing costs.

Burnaby is subject to the BC Speculation and Vacancy Tax, which applies to certain urban properties deemed vacant or speculative. This tax aims to increase housing availability and affordability in the region. Property owners should check if their property qualifies and plan accordingly.

The sale-to-list ratio in Metro Vancouver typically hovers around 50% to 60%, indicating a balanced market with steady sales activity. In Burnaby, this ratio reflects ongoing demand for diverse property types, supporting a stable market environment that benefits both buyers and sellers.
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