Montecito Market Trends
MLS® Home Price Index benchmark prices in Burnaby North, Greater Vancouver
Montecito at a glance
The benchmark price of a home in Montecito was $1,346,900 in August 2026, down 16.5% from a year earlier. That trails the Burnaby North area average (-7.8% year over year) by 8.7 points. Since July 2023 the benchmark price has fallen 6.5% ($1,441,200 → $1,346,900), with the period high of $1,635,800 in July 2025.
Benchmark price trend
Benchmark price, Sep 2023 – Aug 2026. Hover a month for the exact value.
Montecito vs Burnaby North
Benchmark price indexed to 100 at Sep 2023. Since then, Montecito is down 7.8% 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) | $1,346,900 | $1,614,300 | -16.6% |
| Detached | $1,728,600 | $2,019,100 | -14.4% |
| Townhouse / attached | $792,700 | $816,500 | -2.9% |
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.