Question 1

Is Highgate a buyer's or seller's market right now?

Accepted Answer

Highgate is currently a buyer's market. There are 6 homes sold in the last 30 days across all property types. The current absorption rate of 14.5 months of supply favours buyers.

Question 2

What is the average home price in Highgate?

Accepted Answer

The average sold price across all property types in Highgate is currently $630,883, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Burnaby agent for a current, property-specific estimate.

Question 3

Have home prices come down in Highgate?

Accepted Answer

Overall home prices in Highgate are down 34.7% compared to the same period last year, with detached houses averaging $1,260,000; condos averaging $505,060. This creates an opportunity for buyers to enter the market at a lower price point than a year ago — sellers should price competitively to attract offers.

Question 4

How long do homes stay on the market in Highgate?

Accepted Answer

Homes in Highgate are currently selling in an average of 72 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.

Question 5

What does the absorption rate mean for Highgate?

Accepted Answer

Highgate has a sales-to-active listings ratio (SALR) of 6.9%, 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.

Question 6

What is the average price of each property type in Highgate?

Accepted Answer

Detached houses average $1,260,000; condos average $505,060. These figures reflect sold prices over the past 30 days from MLS® records and are updated regularly.

Question 7

What property types are available in Highgate?

Accepted Answer

Highgate offers a mix of condos, townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.

Question 8

How can I get a home evaluation in Highgate?

Accepted Answer

You can request a free, no-obligation home evaluation through a local Burnaby real estate agent. They will research recent comparable sales in Highgate and provide you with an accurate market valuation — typically within 24 hours.

Metric	Sep · Last 30 days	Aug	Sep (LY)
Homes Sold	7-50.0%	14	11
Avg Sold Price	$659K-12.0%	$749K	$1.01M
Avg Days on Market	62d+26.5%	49d	24d

Type	1 Bed	2 Bed	3 Bed	4+ Bed
Apartment	$548K $820/ft² 41 sold	$698K $752/ft² 63 sold	$889K $721/ft² 18 sold	$1.12M $690/ft² 5 sold
Townhouse	$699K $698/ft² 8 sold	$879K $672/ft² 31 sold	$1.08M $645/ft² 44 sold	$1.25M $612/ft² 14 sold
House	—	$1.19M $580/ft² 6 sold	$1.49M $558/ft² 22 sold	$2.25M $498/ft² 18 sold

Type	Avg Sold Price	Sold (30d)	Active	Avg DOM	Condition
Condos	$505K	5	53	74d	Buyer's Market	View Condos →
Townhouses	—	0	15	—	Buyer's Market	View Townhouses →
Houses	$1.26M	1	8	57d	Balanced Market	View Houses →

Highgate Real Estate Market

How Have Prices Trended in Highgate?

Month-over-Month Comparison

Last 30 Days — By Property Type

What Does Each Home Cost?

What Does Each Property Type Cost in Highgate?

What Did Homes Sell for in Highgate Recently?

Frequently Asked Questions — Highgate Market