Burnaby Housing Market & Real Estate Trends
The Burnaby Housing Market includes high-rise and mid-rise communities around Metrotown, Brentwood, Lougheed and Edmonds as well as established detached-home neighbourhoods across the city. These Burnaby Market Statistics track Burnaby Home Prices, sales, inventory, new listings and sales-to-active-listings ratios by property type so buyers and sellers can see how the Burnaby Real Estate Market is changing.
Burnaby Real Estate Prices can move differently for detached homes, townhouses and condos because each segment has different inventory, price ranges and buyer demand. Use the charts below to compare current Burnaby Housing Prices and longer-term trends, then explore Burnaby Homes for Sale to compare active listings with the broader market data.
How to Read Burnaby Market Charts
Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.
MLS® HPI Price: Indicates the current sale price of a “representative” house, condo or townhouse. The exact number isn’t what’s important here – look at the trends to assess how the market is moving relative to the past three years.
Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).
Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.
New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.
Sales: The total number of homes that successfully sold during the month. The stronger the market, the greater the number of sales!
Sales to Active Ratio: This ratio is widely used by industry insiders to quantify the strength of the market. It represents the percentage of the available inventory that is sold each month. Generally speaking, a ratio of below 0.12 indicates a slow market (“a buyer’s market”), while a ratio of over 0.20 indicates a hot market (“a seller’s market”), with many more buyers than sellers and intense competition for properties. A ratio between 0.12 and 0.20 reflects a “balanced” market, where the number of sellers and the number of buyers are roughly balanced.
Find more in depth reports below.
Where These Burnaby Stats Come From
Greater Vancouver REALTORS® (GVR) compiles and publishes the market data used in the Burnaby Housing Market charts on this page. The charts track Burnaby Home Prices through HPI benchmark and median sale-price measures, along with inventory, new listings, sales and sales-to-active-listings ratios for detached homes, townhouses and condos.
These Burnaby Real Estate Statistics are updated as new monthly data becomes available. Reviewing several months of Burnaby Market Statistics provides better context than relying on a single month, especially when Burnaby Real Estate Prices are moving differently across property types. For broader regional comparisons, see our Market Statistics page for Greater Vancouver and Fraser Valley data.