Burnaby Real Estate Market Report - July 2026

Burnaby Real Estate Market: July 2026 Insight

The most striking data point this month is the average property price in Burnaby, which has reached $1,266,441, significantly higher than the median price of $898,000. This disparity highlights a market with a wide range of property values, from $38,800 to $8,140,950.

Price Breakdown by Property Type

Implications for Buyers

With 2,032 active listings and 1,221 new listings in the past 30 days, buyers have a considerable inventory to choose from. However, the high average price indicates competition, particularly for premium properties. Buyers should focus on properties closer to the median price of $898,000 to potentially secure better value. Condos, with 52 listings, offer the most choice, suggesting opportunities for negotiation.

• Consider properties priced near the median for better value.
• Explore condo options due to higher availability and potential negotiation leverage.
• Act swiftly on new listings, as fresh inventory is substantial but may move quickly.

Implications for Sellers

Sellers in Burnaby are in a favorable position with the average price pushing above $1.26 million. This suggests strong demand, especially for higher-end properties. With only 22 houses and 5 townhouses available, sellers in these categories may experience heightened interest. Pricing competitively near the median can attract more buyers, increasing the likelihood of multiple offers.

• Capitalize on the high average price by highlighting premium features.
• Consider pricing near the median to attract a larger buyer pool.
• Leverage the limited supply of houses and townhouses to drive competitive offers.

30-Second Takeaway

Burnaby's real estate market in July 2026 is characterized by a high average property price of $1,266,441 amidst a wide range of listings, from $38,800 to $8,140,950. With 2,032 active listings and a significant influx of new properties, buyers have options but face high competition, especially for premium homes. Sellers can benefit from the current market dynamics by strategically pricing their properties to attract multiple offers. Condos present the most opportunities for buyers, while sellers of houses and townhouses should leverage the limited supply to their advantage.