Blogs
Posts By Date
Categories

Blog & News: Vancouver Real Estate Market

Back to Blog

Officially Government Road is bounded by Lougheed Highway to the north, Brighton Avenue to the east, Burnaby Lake to the south and Sperling Avenue to the west. The Government Road area is a neighbourhood consisting primarily of single detached houses on large estate size lots. Luxury homes are common. From a real estate perspective however the Real Estate Board of Greater Vancouver extends the eastern boundary past Brighton Ave all the way to the intersection of Government St and Lougheed Highway. This eastern extension is predominately a multifamily area consisting of both condo and townhouse type developments.

Government road, Burnaby

The City of Burnaby's Goverment Road Neighbourhood Profile is a great resource for key local demograhic data.

 

Number of Homes: 2818 which includes all houses, townhouses and condos.

 

Age of Area: Homes date back to the 1940's.

 

Active New Construction: Yes the majority of new construction consists of infill single family homes.

 

Approximate Size of Houses: The average house size is around 3700sqft.

 

Approximate Lot Sizes: +/- 10,000sqft

 

Schools:


To locate a school for a particular address click here.


More information on School District 41.

 

Location of the Government Road area


Sales Data (last 30 days)

Recent Sales: Condos=9; Townhomes=3; Houses=4

 

Average Sales Price: Condos=$286,000; Townhomes=$492,000; Houses=$1,198,000

 

Average Days on Market: Condos=18 Days; Townhomes=44 Days; Houses=62 Days

 

Number of Homes on the Market Today: Condos=19; Townhomes=11; Houses=10

 

For the latest real estate market information in the Government Road area call at 604.939.6666


This Government Road Burnaby real estate report was prepared by on Feb 18th, 2014.



Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above: