Photo: Darren Kirby Darren Kirby · CC BY-SA 2.0An apartment town: 90% of Metrotown’s homes, against 12% across British Columbia’s towns
Asked in 2021, owners gave a median value of $750,000; averaged, their homes came to $838,384. The census figure is the owner’s own reckoning of value in May 2021; actual sale prices may differ. Sales are published too: 7,270 buyers in 2023, at a median $761,000. Figures for sale prices, assessed values, values by property type and building permits are published for the city of Burnaby as a whole, not for Metrotown alone.
What Metrotown’s homes are worth, three ways
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $838K
- Owners
- 8,710
- 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).
Burnaby’s detached houses are assessed at 2.6 times the median of British Columbia’s towns
Condos account for 51% of the 87,280 properties on Burnaby’s 2024 roll.
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 65% of Metrotown’s homes, against 10% for British Columbia’s towns
At the 2021 census, Metrotown had 17,805 homes with someone living in them. Half or more were standing by 2000. 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
| Metrotown | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 65% | 10% | 8% |
| Needing major repairs | 9% | 6% | 6% |
| Too small for the household | 17% | 4% | 3% |
| Households in core housing need | 28% | 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.
Burnaby permitted 38.9 new homes a year per 1,000, above the 18.1 of British Columbia’s towns
From 2018 to 2023, permits in Burnaby created 26,151 homes, about 4,359 a year. Only under 1% went into single-unit buildings, beside 27% for British Columbia’s towns.
Most in 2022: 6,578 new homes
New homes a year per 1,000 homes
Down 11%: 26,358 new homes in the year to August 2026
Monthly permits for 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.
Metrotown sits near the middle of British Columbia’s towns ($720,000)
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 Metrotown: Collingwood
Next to Metrotown: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Metrotown | $750K | $838K | 49% | |
| Garden Village | $1.7M | $1.74M | 64% | 1.4 |
| Royal Oak | $1.2M | $1.24M | 67% | 1.7 |
| South Slope | $1.6M | $1.65M | 66% | 2 |
| Collingwood | $560K | $961K | 54% | 2.4 |
| Killarney | $850K | $1.23M | 57% | 2.7 |
| Deer Lake | $1.3M | $1.36M | 67% | 2.7 |
Census 2021 values; km.
Questions about property prices in Metrotown
How many households in Metrotown are in core housing need?
Above the norm for British Columbia’s towns (10%): 28% in Metrotown, counting the households whose home falls short on cost, size or repair.
Is Metrotown expensive for British Columbia?
In the middle: British Columbia’s towns come to $720,000, and so, near enough, does Metrotown.
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
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).