August 2026 Market Report — Burnaby

In August 2026, 213 homes sold in Burnaby at an average price of $1,004,846, with properties spending an average of 53 days on the market at $399,126 per square foot. Increased supply gave buyers more options and negotiating leverage.

Burnaby has a sales-to-active listings ratio (SALR) of 5.8%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.

Buyers in Burnaby during August 2026 were in a favourable position, with more listings to choose from and less pressure to bid over asking. This is an opportunity to take time, conduct thorough due diligence, and negotiate on price, conditions, and possession dates. A good agent can help identify motivated sellers and well-priced properties.

In August 2026, Burnaby sellers faced a more challenging environment with more competing listings and buyers who were less urgently motivated. Pricing sharply and investing in presentation (staging, professional photography) were key differentiators. Sellers who priced to market saw reasonable activity; those who held firm above market value saw extended days on market.

Compared to July 2026, sales volume in Burnaby was down 21% (271 vs 213 homes sold) and the average sold price was up 1% to $1,004,846. Days on market increased from 40 to 53 days.