Montecito’s home values run 2.4 times those of the middle of British Columbia’s towns
The census median was $1,700,000 in 2021, against $720,000 for British Columbia’s towns. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. In 2023, 7,270 homes changed hands at a median price of $761,000, by Statistics Canada’s count. Montecito shares its sale prices, assessed values, values by property type and building permits numbers with the rest of the city of Burnaby.
Montecito’s homes, by three sources
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $1.53M
- Owners
- 2,485
- 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
Of Burnaby’s 87,280 residential properties on the 2024 roll, 51% are condos.
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.
More apartments than most: 36% of the homes in Montecito (British Columbia’s towns: 12%)
People lived in 3,995 homes in Montecito at the 2021 census. The older half dates from before 1981. 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
| Montecito | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 15% | 10% | 8% |
| Needing major repairs | 6% | 6% | 6% |
| Too small for the household | 5% | 4% | 3% |
| Households in core housing need | 15% | 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.
Permits in Burnaby ran at 38.9 homes a year per 1,000, where British Columbia’s towns ran at 18.1
Building permits added 26,151 homes in Burnaby between 2018 and 2023: some 4,359 a year. Multi-unit buildings took most: single-unit ones were just under 1%, where British Columbia’s towns built 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
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. · Not measured by town: monthly permits (the Vancouver metro area)
Montecito is 136% above the $720,000 median of British Columbia’s towns
254 of British Columbia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Montecito: Lochdale, Holdom and Deer Lake
Next to Montecito: 2021 census values and the share of owners.
Questions about property prices in Montecito
Is Montecito expensive for British Columbia?
On census values, Montecito ranks among the dearer of British Columbia’s towns (median $720,000).
How many households in Montecito are in core housing need?
Statistics Canada puts 15% of Montecito’s households in core housing need, a higher share than the 10% of British Columbia’s towns.
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).