Real Estate Market

Burnaby Lake Real Estate Market

Live stats and monthly reports across Burnaby Lake Saeed serves — updated every 5 minutes from MLS® data.

OverviewLive stats, charts & KPIsMonthly ArchiveHistorical monthly reports
All Areas1927Brentwood Park375Metrotown362Edmonds BE105Simon Fraser Univer.102Forest Glen BS96South Slope87Highgate85Sullivan Heights68Capitol Hill BN64East Burnaby50Sperling-Duthie47Government Road44Vancouver Heights40Central BN39Montecito36Central Park BS36Willingdon Heights32Parkcrest26Upper Deer Lake26Burnaby Lake26Cariboo23The Crest23Westridge BN21Burnaby Hospital18Deer Lake13Buckingham Heights12Simon Fraser Hills12Garden Village12Deer Lake Place10Oaklands9Big Bend9Forest Hills BN8Suncrest6Greentree Village5
Buyer's Market8.7 mo supply — Buyer's

In Sep, 3 homes sold across Burnaby Lake at an average price of $1,325,500 — up 28.7% from the prior month. Properties averaged 50 days on market.

Browse Homes For Sale →
$1.33M↑avg price · last month
Apr6-month avg price trend · MLS®Sep
3
Homes Sold
last 30 days
$1.33M
Avg Sold Price
last 30 days · sold properties
50d
Avg Days on Market
last 30 days · listed to sold
26
Active Inventory
live MLS · updated every 5 min
8.7 mo
Months of Supply
current absorption rate
View Homes For SaleRecently SoldFree Home EvaluationMonthly Reports →
3-Year Price Trend
$1.3M
Avg sold price by type · last 36 months · MLS® data

Benchmark Prices by Property Type

Burnaby Lake · Last 30 days
Property TypeAvg Sold PriceAvg $/sqftYoY ChangeCondition
Houses$1.5M$426,188-25.1%Buyer's Market
Townhouses$975K$975,000+2.6%Seller's Market
Market Insight

Townhouses are the most accessible entry point in Burnaby Lake, currently averaging $975,000 — well below the cost of a detached home.

Townhouses have appreciated the most over the past year at +2.6%, while Houses saw the weakest movement at -25.1%.

Price growth across all types has been steady — Burnaby Lake remains a stable market for both owner-occupiers and investors.

Last 30 Days — By Property Type

Sold properties only

Duplex:Buyer's Market
House:Buyer's Market
Other:Buyer's Market
Townhouse:Seller's Market

What Does Each Home Cost?

By bedrooms & property type · Last 30 days sold

Type1 Bed2 Bed3 Bed4+ 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

Studio = 0 bedrooms. 4+ Bed includes all homes with 4 or more bedrooms.

How does this period compare?

MetricSep · Last 30 daysAugJul (LY)
Homes Sold3+0.0%33
Avg Sold Price$1.33M+28.7%$1.03M$1.65M
Avg Days on Market50d+0.0%50d49d

By Property Type

All property types
Property Type
TypeSold (30d)Avg SoldAvg DOMActiveMarket
Duplex0N/A0d5Buyer's Market
House2$1,500,75034d17Buyer's Market
Other0N/A0d1Buyer's Market
Townhouse1$975,00083d3Seller's Market

Recently Sold

7822 ROSEWOOD STREET
SOLD
House
$1.4MSign In
7822 ROSEWOOD STREET
Sep 20 · Burnaby Lake
3 bd3 ba800 ft²
7965 BURNFIELD CRESCENT
SOLD
House
$1.8MSign In
7965 BURNFIELD CRESCENT
Sep 7 · Burnaby Lake
4 bd3 ba2,385 ft²
5 5142 CANADA WAY
SOLD
Townhouse
$999KSign In
5 5142 CANADA WAY
Sep 7 · Burnaby Lake
4 bd3 ba1,299 ft²
7740 ALLMAN STREET
SOLD
House
$1.8MSign In
7740 ALLMAN STREET
Aug 17 · Burnaby Lake
5 bd3 ba2,687 ft²
13 5132 CANADA WAY
SOLD
Townhouse
$425KSign In
13 5132 CANADA WAY
Aug 5 · Burnaby Lake
1 bd1 ba412 ft²
5837 MAYVIEW CIRCLE
SOLD
Townhouse
$1000KSign In
5837 MAYVIEW CIRCLE
Aug 2 · Burnaby Lake
3 bd3 ba1,903 ft²
7793 7795 ALLMAN STREET
SOLD
House
$2.3MSign In
7793 7795 ALLMAN STREET
Jul 27 · Burnaby Lake
14 bd8 ba7,294 ft²
7943 ROSEWOOD STREET
SOLD
House
$2.05MSign In
7943 ROSEWOOD STREET
Jul 24 · Burnaby Lake
6 bd6 ba4,800 ft²
6730 6TH STREET
SOLD
House
$1.43MSign In
6730 6TH STREET
Jul 19 · Burnaby Lake
4 bd2 ba2,320 ft²
Sign in free to see all sold prices.Sign In

Deep Breakdown

Age, bathrooms, storeys, and lot size — how each factor shapes the sale price in Burnaby Lake.

Age of Home — Does Year Built Affect Price?

Avg Sold Price & Days on Market by Year Built · Last 30 Days · Sold Properties

Insight: Pre-1980 homes command the highest avg price at $1,500,750 in Burnaby Lake. Pre-1980 homes sell the fastest — avg 34 days on market. Prices fell 35% from Pre-1980 to 2010s.
Avg Sold PriceAvg Days on Market
$1,500,750$975,00034d83dPre-19802010s
2 sold1 sold

By Bathroom Count

Avg Sold Price by Bathrooms · Last 30 Days · Sold Properties

3 baths3 sold
50d$1,325,500

Storey Count

Avg Sold Price by Storeys · Detached Houses · Last 30 Days · Sold Properties

2 Storey1 sold
6d$1,300,000
3 Storey1 sold
61d$1,701,500

Lot Size

How Lot Size Affects Price · Detached Houses · Last 30 Days · Sold Properties

Insight: Homes on larger lots (8,000+ sqft) command a 31% price premium vs. the smallest lots — averaging $1,701,500 vs. $1,300,000.
6,000-8,000 sqft1 sold
61d$1,701,500
8,000+ sqft1 sold
6d$1,300,000

Frequently Asked Questions — Burnaby Lake Market

Is Burnaby Lake a buyer's or seller's market right now?+
Burnaby Lake is currently a buyer's market. The absorption rate — the pace at which active listings are being absorbed by buyers — points to more supply than demand, giving buyers more negotiating room. There are 26 active listings and 3 homes sold in the last 30 days.
What is the average home price in Burnaby Lake?+
The average sold price in Burnaby Lake is currently $1,325,500, based on sales over the past 30 days. Prices vary significantly by property type — condominiums and townhouses typically start lower, while detached homes command a premium.
What does the absorption rate mean for Burnaby Lake?+
Burnaby Lake has a sales-to-active listings ratio (SALR) of 11.5%, 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.
How long do homes stay on the market in Burnaby Lake?+
Homes in Burnaby Lake are selling in an average of 50 days on market. Properties that are priced correctly and presented well tend to attract offers faster, sometimes within the first week of listing.
What types of properties sell fastest in Burnaby Lake?+
Among all property types tracked, House properties are currently selling fastest in Burnaby Lake with an average of 34 days on market. House listings also represent some of the strongest demand, with 2 sales in the last 30 days.
What is the average price of a house, townhouse, and condo in Burnaby Lake?+
Detached houses in Burnaby Lake average $1,500,750. Townhouses average $975,000. These figures reflect sold prices over the past 30 days from MLS® records and are updated monthly. Prices vary by neighbourhood, size, and condition — contact Saeed for a personalised estimate.
Which property type has appreciated the most in Burnaby Lake?+
Based on MLS® data, townhouses have shown the strongest year-over-year price movement in Burnaby Lake at +2.6% compared to the same period last year. Price growth has been moderate overall — buyers should evaluate value on a property-by-property basis. Consult a local agent for current conditions before making investment decisions.
How many homes sold in Burnaby Lake last month?+
3 homes sold in Burnaby Lake over the past 30 days. Tracking monthly sales volume is one of the best indicators of market momentum — rising sales generally signal growing buyer confidence, while declining volume can signal hesitancy or seasonal slowdown.
What does "months of supply" mean in Burnaby Lake?+
Months of supply measures how long it would take to sell all current active listings at the current pace of sales. Under 4 months is a seller's market; 4–6 months is balanced; over 6 months favours buyers. In Burnaby Lake, the current absorption rate of 8.7 months reflects a buyer's market.
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