Burnaby Real Estate

Burnaby is a bustling city in the Greater Vancouver area that offers a blend of urban convenience and natural beauty. With its thriving economy, growing population, and attractive lifestyle options, Burnaby has become one of the most sought-after destinations for real estate investment in the region. If you are thinking about buying or selling real estate in Burnaby, please reach out to us today. Whether you're a first-time buyer, a family moving up, a group needing land assembly or strata wind-up services, a seasoned investor looking for their next presale opportunity, a developer or anyone in between, you deserve to work with a team of real estate professionals that have the knowledge and experience to negotiate the very best terms for you! As Burnaby REALTORS® we know the area well and have the local real estate knowledge needed to ensure your home buying or home selling process is a success.

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Burnaby Real Estate Market Overview

The Burnaby real estate market is currently experiencing a high level of demand, with prices rising steadily in recent years. As of 2021, the average price of a single-family home in Burnaby was $1.3 million, while the average price of a condo was around $630,000. Despite the pandemic and its impact on the global economy, the Burnaby real estate market has remained resilient, with low inventory levels and high demand driving prices up.

One of the most notable trends in the Burnaby real estate market is the increasing popularity of condos and townhomes, which are becoming an increasingly attractive option for both buyers and renters. With the trend towards more compact and sustainable living, condos and townhomes offer a convenient and affordable alternative to single-family homes. As a result, the market for these attached homes in Burnaby is growing, with prices expected to continue rising in the coming years.

Investment Opportunities

The Burnaby real estate market offers a number of investment opportunities for both local and international investors. One of the key attractions of Burnaby for real estate investment is its growing population and thriving economy. With a strong and diversified economy, Burnaby is expected to continue growing, which in turn will maintain upward pressure on real estate prices in the coming years.

Another attraction of Burnaby for real estate investment is its relative central location within the Greater Vancouver Area and is a great option for those who want to be close to the action but still have a peaceful and quiet place to call home.

The Burnaby real estate market is a thriving and dynamic market that offers a variety of opportunities for buyers and sellers. With its convenient location, attractive lifestyle options, and growing economy, Burnaby is an excellent destination for those looking for a great place to live and invest. Whether you're looking to buy your first home, invest in real estate, or sell your current property, reach out to us today! We are here to help!

Burnaby occupies 98.60 square kilometres and is located at the geographical centre of the Greater Vancouver Regional District. Situated between the City of Vancouver on the west and Port Moody, Coquitlam and New Westminster on the east, the City is further bounded by the Burrard Inlet and the Fraser River on the North and South respectively.

Demographics

The latest demographic information for Burnaby, comes from the results of the 2021 Census of Population conducted by Statistics Canada. According to the 2021 Census, Burnaby has a population of approximately 255,218 people.

In terms of ethnic background, the primary groups include Chinese (40.9%), Caucasian (26.0%), South Asian (14.3%), Filipino (6.3%) and Korean (3.9%).

In terms of language, the most commonly spoken languages in Burnaby is English (52.7%) followed by Chinese (34.9%), Punjabi (4.4%), Tagalog (2.7%) and Korean (1.7%).

The median age in Burnaby is 41 years.

Schools

The Burnaby School District (School District 41) administers 41 elementary schools and 8 secondary schools. The District also offers numerous specialized programs including Community & Continuing Education, International Education, French Immersion, Burnaby Online, Soccer Academy, Hockey Academy and Learning Through the Arts. Served by more than 4,000 staff, Burnaby School District enrolls almost 24,000 students (K-12) and provides programs and services to more than 16,000 adult learners.

The Burnaby School District also provides educational support and services for provincial resource programs within the district. These resources, which serve students from across the province include the BC Provincial School for the Deaf (elementary and secondary), the Provincial Outreach Program, the Provincial Oral Program for the Deaf & Hard of Hearing Students, Fraser Park Secondary Program and Maples Secondary Program.

Major post-secondary institutions include the main campuses of Simon Fraser University (atop Burnaby Mountain) and the British Columbia Institute of Technology.

Transit

TransLink, the company responsible for public transportation within Metro Vancouver, provides a bus service and an automated rapid transit service called SkyTrain.

Parks

Major parklands and waterways in Burnaby include Burnaby Lake, Still Creek, the Brunette River, Central Park, Deer Lake, Squint Lake, Robert Burnaby Park, Kensington Park, and Burnaby Mountain.

Browse Burnaby Real Estate:

(A complete list of MLS® House Listings by neighbourhood)

Latest Burnaby Real Estate Statistics

Every month we compile the latest real estate statistics on Burnaby to keep you informed on the real estate market. For the latest Burnaby Real Estate Stats click here.

Thinking of buying or selling real estate in Burnaby? Are you looking for a top Burnaby REALTOR® to help you reach your real estate goals? If so, reach out to us today to find out how we can help!

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Burnaby Real Estate