Photo: ChrisStubbs · CC BY-SA 3.0An apartment town: 76% of Lougheed’s homes, against 12% across British Columbia’s towns
The middle home was worth $500,000 at the 2021 census, the average $655,097. No sale stands behind these values: owners named them at the census of May 2021. Statistics Canada counted 7,270 buyers in 2023, paying a median $761,000. Lougheed shares its sale prices, assessed values, values by property type and building permits numbers with the rest of the city of Burnaby.
Three ways to price a home in Lougheed
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $655K
- Owners
- 4,015
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale, wider area
- 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).
Houses in Burnaby carry 2.6 times the assessment of the median for 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.
Condominiums are 61% of Lougheed’s homes, against 10% for British Columbia’s towns
The 2021 census counted 7,010 occupied homes in Lougheed. Half or more were standing by 1980. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Lougheed | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 61% | 10% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | 11% | 4% | 3% |
| Households in core housing need | 21% | 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
Burnaby issued permits for 26,151 new homes from 2018 to 2023, or about 4,359 a year. 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
Slowing: 26,358 new homes in the 12 months to August 2026, 11% fewer
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.
Lougheed is cheaper than most of British Columbia’s towns: 31% under 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.
Lougheed’s neighbours by home value
Next to Lougheed: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lougheed | $500K | $655K | 57% | |
| Lake City | $1.8M | $2.01M | 85% | 2.8 |
| Burnaby Mountain | $600K | $810K | 53% | 3 |
| East Burnaby | $1.5M | $1.46M | 65% | 3.2 |
| Bainbridge | $1.8M | $1.7M | 72% | 3.9 |
| Montecito | $1.7M | $1.53M | 62% | 4.4 |
| New Westminster | $700K | $862K | 55% | 5.1 |
Census 2021 values; km.
Questions about property prices in Lougheed
How many households in Lougheed are in core housing need?
In Lougheed, 21% of households are in core housing need, against 10% for British Columbia’s towns: their home costs too much, is too small or needs major repairs, and nothing suitable nearby costs under 30% of their income.
Is Lougheed expensive for British Columbia?
Below the norm for British Columbia’s towns, whose median home is worth $720,000; Lougheed’s is worth less.
Can I see individual sales or prices by street?
No. Canada has no open register of individual sales; Statistics Canada publishes medians and averages by town only.
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).