Photo: Zacharycmango · CC BY-SA 4.0Apartments make up 53% of the homes in Burnaby, where British Columbia’s towns have 12%
Going by owners’ own estimates in 2021, the typical home is worth $980,000, the average one $1,175,000. Statistics Canada counted 7,270 buyers in 2023, paying a median $761,000. The 2024 property assessment puts the median residential property at $939,000.
What Burnaby’s homes are worth, three ways
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch.
median, owners’ estimate
- Average
- $1.18M
- Owners
- 61,185
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $950K
- ÷ buyers’ income
- 6.2×
- Buyers
- 7,270
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Burnaby’s houses sit at 2.6 times British Columbia’s towns
The 2024 assessment roll counts 87,280 homes in Burnaby, condos 51% of them.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
42% of Burnaby’s homes are condos, where British Columbia’s towns have 10%
The 2021 census counted 101,135 occupied homes in Burnaby. At least half predate 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Burnaby | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 42% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 10% | 4% | 3% |
| Households in core housing need | 19% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Building ahead of British Columbia’s towns: 38.9 new homes a year per 1,000 in Burnaby, against 18.1
Some 4,359 homes a year: 26,151 in all were permitted in Burnaby from 2018 to 2023. Very few were houses: under 1% in single-unit buildings (British Columbia’s towns: 27%).
The busiest year: 2022, with 6,578 new homes
New homes a year per 1,000 homes
26,358 new homes in the 12 months to August 2026, down 11% on the year before
Source area for monthly permits: the Vancouver metro area
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Burnaby is dearer than most of British Columbia’s towns: 36% above their $720,000 median
The census values of British Columbia’s towns, 254 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Burnaby: Metrotown
Next to Burnaby: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Burnaby | $980K | $1.18M | 61% | |
| Deer Lake | $1.3M | $1.36M | 67% | 0.6 |
| Buckingham Heights | $1.6M | $1.86M | 78% | 2 |
| Garden Village | $1.7M | $1.74M | 64% | 2.4 |
| Holdom | $1.6M | $1.43M | 66% | 2.5 |
| Metrotown | $750K | $838K | 49% | 2.5 |
| Bainbridge | $1.8M | $1.7M | 72% | 2.5 |
Census 2021 values; km.
Questions about property prices in Burnaby
How many households in Burnaby are in core housing need?
Above the norm for British Columbia’s towns (10%): 19% in Burnaby, counting the households whose home falls short on cost, size or repair.
Is Burnaby expensive for British Columbia?
Dearer than the middle: British Columbia’s towns come to $720,000, Burnaby to more.
What is the average house price in Burnaby?
The average sale was $950,000 in 2023, and at the median, buyers paid 6.2 times their income.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).