Government Road Market Trends
MLS® Home Price Index benchmark prices in Burnaby North, Greater Vancouver
Government Road at a glance
The benchmark price of a home in Government Road was $897,300 in July 2026, down 10.5% from a year earlier. That trails the Burnaby North area average (-8.2% year over year) by 2.3 points. Since July 2023 the benchmark price has fallen 3.4% ($928,600 → $897,300), with the period high of $1,026,800 in June 2024.
Benchmark price trend
Benchmark price, Aug 2023 – Jul 2026. Hover a month for the exact value.
Government Road vs Burnaby North
Benchmark price indexed to 100 at Aug 2023. Since then, Government Road is down 3.2% vs −12.3% for Burnaby North overall.
Benchmark price levels by property type
| Property type | Jul 2026 | Jul 2025 | 1-yr change |
|---|---|---|---|
| Composite (all types) | $897,300 | $1,002,500 | -10.5% |
| Detached | $2,002,900 | $2,333,100 | -14.2% |
| Townhouse / attached | $1,016,200 | $1,089,000 | -6.7% |
| Apartment / condo | $516,400 | $569,500 | -9.3% |
More in Burnaby North
Source: Greater Vancouver REALTORS via MLS® Home Price Index benchmark prices (board-published)
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.