Burnaby Real Estate Market Report - October 2026
The latest real estate market report for Burnaby, British Columbia. Average prices, listings data, and insights for buyers and sellers.
Burnaby's Housing Market: An Abundance of Active Listings
Burnaby currently has 1,935 active listings, a significant inventory level that suggests a competitive market environment. With 650 new listings in the past 30 days, the market is dynamic, offering a wide range of options for prospective buyers.
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Price Breakdown by Property Type
| Property Type | Number of Listings | Price Range |
|---|---|---|
| Houses | 10 | $38,800 – $8,140,950 |
| Condos | 16 | $38,800 – $8,140,950 |
| Townhouses | 2 | $38,800 – $8,140,950 |
Implications for Buyers
With 650 new listings in the last month, buyers have a robust selection to choose from. This influx of new properties can lead to more favorable negotiation conditions. Buyers should act swiftly, focusing on properties that meet their criteria, as the market's competitiveness could lead to quick sales. It's advisable to have financing pre-approved to expedite the purchasing process.
Implications for Sellers
For sellers, the high number of active listings means increased competition. To stand out, consider strategic pricing and enhancing property appeal through staging and minor renovations. With only 10 houses and 16 condos available, sellers in these categories might find niche demand. However, pricing should reflect the wide range from $38,800 to $8,140,950 to attract serious buyers.
30-Second Takeaway
- Burnaby's real estate market is highly active with 1,935 listings.
- 650 new listings in 30 days suggest a fluid and competitive environment.
- Buyers have a broad range of choices; quick action and pre-approval are crucial.
- Sellers face competition; pricing and presentation are key to attracting buyers.
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