Living in Burnaby 2026: Complete Guide to Life, Cost & Real Estate

Why Burnaby?

Burnaby, located just east of Vancouver, is a vibrant city known for its lush parks, diverse cultural scene, and convenient urban amenities. The city boasts a mix of bustling commercial areas like Metrotown and quiet residential neighborhoods such as Deer Lake. Central Park, with its scenic trails and sports facilities, offers a green oasis in the heart of the city. Burnaby Mountain, home to Simon Fraser University, provides stunning views and outdoor activities. Streets like Hastings and Kingsway are lined with an eclectic mix of restaurants and shops, reflecting the city’s multicultural heritage.

Cost of Living

According to Greater Vancouver REALTORS, there were 297 MLS® sales in June 2026, with an inventory of 1,962 active listings, including 17 houses, 37 condos, and 5 townhouses. Housing costs in Burnaby are competitive within the Greater Vancouver area, offering a range of options from high-rise condos to single-family homes. While property prices can be high compared to national averages, the city's diverse housing stock provides options for various budgets. Other living expenses such as utilities, groceries, and transit costs are generally in line with urban centers across Canada. Public transportation is efficient, helping to offset some commuting expenses, while grocery and utility costs remain slightly above the national average due to the city’s proximity to Vancouver.

Best Neighborhoods

Metrotown

Metrotown is a bustling hub with a modern, urban vibe, centered around the Metropolis at Metrotown shopping center. It is relatively affordable for young professionals and offers a mix of high-rise condos and rental apartments. Ideal for those who thrive in a lively environment.

Brentwood

Brentwood is undergoing rapid development, with new condos and amenities attracting families and young professionals. It offers a balance of affordability and accessibility, with a community-oriented atmosphere and proximity to the SkyTrain.

Deer Lake

Deer Lake is a tranquil neighborhood with a suburban feel, featuring heritage homes and access to natural beauty. It is more expensive, appealing to families and retirees seeking a peaceful setting near cultural landmarks like the Burnaby Village Museum.

Capitol Hill

Capitol Hill offers stunning views and a close-knit community vibe. It is moderately priced, attracting artists and academics. The neighborhood is known for its unique character homes and proximity to educational institutions.

Burnaby Housing Market 2026

The Burnaby housing market in 2026, as reported by Greater Vancouver REALTORS, shows 297 MLS® sales in June with an active inventory of 1,962 listings, including 17 houses, 37 condos, and 5 townhouses. This data suggests a balanced market, with a moderate level of competition among buyers and sellers. The limited number of houses and townhouses indicates a tighter market for these property types, while the higher number of condos provides more options for potential buyers. Overall, the market conditions favor neither buyers nor sellers distinctly, offering a stable environment for real estate transactions.

Lifestyle

Burnaby offers a rich lifestyle with a variety of dining, recreational, and cultural options. Enjoy authentic Italian cuisine at Anton's Pasta Bar on Hastings Street or explore the flavors of Asia at Saffron Indian Cuisine on Kingsway. Outdoor enthusiasts can explore the trails of Burnaby Mountain or relax at Deer Lake Park, which hosts events like the Burnaby Blues and Roots Festival. For a cultural experience, visit the Shadbolt Centre for the Arts, which offers performances and workshops throughout the year. These diverse offerings make Burnaby a dynamic place to live.

Getting Around

Burnaby is well-connected through the SkyTrain system, with the Expo and Millennium Lines providing quick access to downtown Vancouver in approximately 30 minutes. The city's bike infrastructure, including dedicated lanes and paths, supports an active lifestyle. Bus routes complement the rail network, ensuring comprehensive coverage across the city. The TransLink system offers reliable and efficient public transportation, making commuting and exploring the city convenient for residents.

The Honest Take

• Pro: Excellent public transportation with quick access to Vancouver.
• Pro: Diverse dining and cultural experiences reflecting the city's multicultural population.
• Pro: Abundant green spaces and outdoor activities for nature lovers.
• Con: High property prices compared to national averages.
• Con: Traffic congestion during peak hours, especially near commercial centers.
• Con: Limited availability of single-family homes in certain neighborhoods.