Burnaby Real Estate Market Report - May 2026

Burnaby's Real Estate Market Sees Zero Houses, Condos, and Townhouses for Sale

In May 2026, Burnaby's real estate market presents a striking scenario with no active listings for houses, condos, or townhouses. This anomaly is reflected in the average property price reaching $1,498,460, while the median price stands at $999,000. The price range spans from $359,900 to an extraordinary $8,140,950.

Price Breakdown by Property Type

Implications for Buyers

With the market showing zero available houses, condos, or townhouses, buyers face a challenging environment. The absence of active listings suggests an ultra-competitive market, likely driving prices higher. Buyers should be prepared to act swiftly when new listings appear, given the 231 new listings in the past 30 days, which were quickly absorbed. Securing pre-approval for financing and maintaining flexibility on property types and neighborhoods will be crucial in navigating this market.

Implications for Sellers

Sellers in Burnaby are in a favorable position with zero competition in the market. The high average price of $1,498,460 indicates strong demand. Sellers should consider listing their properties promptly to capitalize on the current scarcity. With 231 properties newly listed in the last month, sellers can expect quick transactions if they position their properties attractively in terms of pricing and presentation. Engaging with experienced real estate agents to strategize on market timing and pricing will be advantageous.

30-Second Takeaway

• Burnaby's market shows no active listings for houses, condos, or townhouses.
• The average price is at $1,498,460, with a range from $359,900 to $8,140,950.
• Buyers need to be agile and well-prepared to compete.
• Sellers benefit from high demand and minimal competition.

Related: Explore the Living in Burnaby blog post, Check out the Burnaby real estate market report for Surrey, Use our Mortgage Calculator, Find out more about the Maple Ridge market, Visit our Affordability Calculator