Photo: Northwest · CC BY-SA 4.0Homes in Royal Oak are worth 67% more than the median of British Columbia’s towns
At the 2021 census the median home was worth $1,200,000, where British Columbia’s towns sit at $720,000. Sales are published too: 7,270 buyers in 2023, at a median $761,000. Behind sale prices, assessed values, values by property type and building permits sits data gathered across the city of Burnaby, with Royal Oak one part of it.
What Royal Oak’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. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since.
median, owners’ estimate
- Average
- $1.24M
- Owners
- 4,670
- 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.
Apartments are 41% of Royal Oak’s homes, against 12% for British Columbia’s towns
Royal Oak had 6,960 occupied homes at the 2021 census. Half or more were standing by 2000. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Royal Oak | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 41% | 10% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 11% | 4% | 3% |
| Households in core housing need | 16% | 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
Building permits added 26,151 homes in Burnaby between 2018 and 2023: some 4,359 a year. Only under 1% went into single-unit buildings, beside 27% for British Columbia’s towns.
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
Area-wide: monthly permits, counted over 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.
Royal Oak is 67% above the $720,000 median of British Columbia’s towns
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 Royal Oak: Metrotown and Edmonds
The places around Royal Oak at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Royal Oak | $1.2M | $1.24M | 67% | |
| Buckingham Heights | $1.6M | $1.86M | 78% | 1.7 |
| Metrotown | $750K | $838K | 49% | 1.7 |
| South Slope | $1.6M | $1.65M | 66% | 1.9 |
| Edmonds | $685K | $849K | 57% | 1.9 |
| Garden Village | $1.7M | $1.74M | 64% | 2.9 |
| Deer Lake | $1.3M | $1.36M | 67% | 3.1 |
Census 2021 values; km.
Questions about property prices in Royal Oak
Is Royal Oak expensive for British Columbia?
Dearer than the middle: British Columbia’s towns come to $720,000, Royal Oak to more.
How many households in Royal Oak are in core housing need?
More than most: 16% of households in Royal Oak, where British Columbia’s towns sit at 10%.
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).