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Burnaby Housing Market Update
East Burnaby, Government Road, Deer Lake, Capitol Hill BN, South Slope and all the sub-areas of Burnaby Real Estate Market Update Report.

Current:  Burnaby's Residential Detached housing market is in a Buyer's Market with 7 %SOLD rate.
                (This means 7 homes out of 100 sold last month  with an average $95,000 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have  14.8 %SOLD rate
Least Active Range: Homes  above $3.5 mill. have 1.6 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $243,275.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices  decreased $168,101.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 426 homes are for sale and with the 7 %SOLD monthly rate gives us a ~14 months of inventory. 10% of the active listings have reduced their price by $115,142  on average or $100,000 median. We project Burnaby now in Buyer's market.

Greater Vancouver May 2026: 

The Metro Vancouver housing market nosedived in May. Detached home prices dropped by an average of $12,351. This is a much bigger drop than April, when prices only went down $745. Right now, in what is normally one of our stronger spring market months, 76% of detached-home markets are declining. 

Condo prices also fell, by an average of $2,047. About 61% of condo markets are still decreasing, but townhomes are doing better this month. Prices went up by an average of $888. Even better, 63% of townhome markets are rising. Last month, only 18% were going up. This shows more buyers are interested in townhomes. The June forecast for is that detached homes and condos will stay under strong downward pressure, while townhomes could remain stable.

It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.

Fraser Valley May 2026: 

The Fraser Valley housing market slowed down in May. Detached home prices dropped by an average of $8,452. This is a bigger drop than April, when prices went down $3,825. Right now, that is not good for what is normally one of our stronger spring market months, with 83% of detached-home markets declining.

Condo prices were the bright spot. Prices went up by an average of $1,212, bouncing back from April, when prices went down $815. Right now, 67% of condo markets are rising. Last month, only 50% were going up. This shows more buyers are interested in condos again.

Townhomes are still under pressure. Prices fell by an average of $4,062. Right now, 75% of townhome markets are declining, the same as last month. This means the townhouse market could be under even more pressure next month.

The June forecast is that detached homes and townhouses will stay under strong downward pressure. Condos, as the most affordable choice, could continue to improve or stabilize.

It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.

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  Vancouver and FV Market Reports and Forecasts

  Developers, Investors, Realtors or Financial Advisers.

• Now you can be informed of the market changes as they happen.
  • Now you can receive bi-monthly updates.=
     
• Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.

   Membership   Free,                 (Sponsored Realtors  Click here )

This is a free service to over 5 million viewers today!!! (