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 $892,000 in August 2026, down 9.8% from a year earlier. That trails the Burnaby North area average (-7.8% year over year) by 2.0 points. Since July 2023 the benchmark price has fallen 3.9% ($928,600 → $892,000), with the period high of $1,026,800 in June 2024.
Benchmark price trend
Benchmark price, Sep 2023 – Aug 2026. Hover a month for the exact value.
Government Road vs Burnaby North
Benchmark price indexed to 100 at Sep 2023. Since then, Government Road is down 2.1% vs −12.7% for Burnaby North overall.
Benchmark price levels by property type
| Property type | Aug 2026 | Aug 2025 | 1-yr change |
|---|---|---|---|
| Composite (all types) | $892,000 | $989,200 | -9.8% |
| Detached | $1,897,000 | $2,230,700 | -15.0% |
| Townhouse / attached | $1,025,700 | $1,057,200 | -3.0% |
| Apartment / condo | $512,300 | $568,100 | -9.8% |
More in Burnaby North
Source: Greater Vancouver REALTORS via MLS® Home Price Index benchmark prices (board-published)
Period: August 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.