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Government Road

Buyer's MarketBurnaby · 49 active listings
TypeAvg Sold PriceSold (30d)Avg DOMActiveCondition
Condos—0—20Buyer's Market
Townhouses—0—6Buyer's Market
Houses$2M148d23Buyer's Market

Government Road is currently a buyer's market. 2.0% sales-to-active listings ratio — homes selling in an average of 48 days, at an average sold price of $2,000,000 — well-priced properties are attracting strong demand.

$2M
Avg Sold Price
1
Homes Sold (30d)
49
Homes For Sale
48
Avg Days on Market
2.0% SALR

Neighbourhood Pulse

Based on 90-day sold data

Market Activity
1/10Quiet
QuietModerateActiveHigh Demand
Fastest Selling
Houses
Sales (90d)
3
Avg DOM
38d
Avg Sold Price
$2M
$1K/sqft avg
Townhouses
Sales (90d)
1
Avg DOM
26d
Avg Sold Price
$1.04M
$1K/sqft avg
Most SalesBest Value (price/sqft)
Condos
Sales (90d)
6
Avg DOM
57d
Avg Sold Price
$465K
$0K/sqft avg
Houses are selling fastest in Government Road, with an average of 38 days on market over the past 90 days.
The Government Road market is relatively quiet right now, giving buyers more time to evaluate their options and negotiate conditions.
Average sold prices in Government Road have eased approximately 37% over the past three months, offering buyers improved affordability relative to earlier in the year.
Showing 12 active homes in Government RoadView all listings →
808 3970 CARRIGAN COURT
Apartment
$510K
808 3970 CARRIGAN COURT
Burnaby, Government Road
2 bd2 ba966 ft²
7969 BURNLAKE DRIVE
House
$1.99M
7969 BURNLAKE DRIVE
Burnaby, Government Road
5 bd3 ba2,641 ft²
T1801 3970 CARRIGAN COURT
Townhouse
$719K
T1801 3970 CARRIGAN COURT
Burnaby, Government Road
3 bd2 ba1,136 ft²
3381 LEALAND COURT
House
$2.35M
3381 LEALAND COURT
Burnaby, Government Road
3 bd0 ba2,558 ft²
303 9098 HALSTON COURT
Apartment
$615K
303 9098 HALSTON COURT
Burnaby, Government Road
2 bd2 ba885 ft²
8285 BURNLAKE DRIVE
House
$1.8M
8285 BURNLAKE DRIVE
Burnaby, Government Road
3 bd2 ba1,412 ft²
3635 LYNNDALE CRESCENT
House
$2.38M
3635 LYNNDALE CRESCENT
Burnaby, Government Road
4 bd4 ba4,054 ft²
210 9202 HORNE STREET
Apartment
$600K
210 9202 HORNE STREET
Burnaby, Government Road
3 bd2 ba1,160 ft²
2007 3980 CARRIGAN COURT
Apartment
$679K
2007 3980 CARRIGAN COURT
Burnaby, Government Road
2 bd2 ba1,266 ft²
106 9233 GOVERNMENT STREET
Apartment
$599K
106 9233 GOVERNMENT STREET
Burnaby, Government Road
2 bd2 ba887 ft²
407 3970 CARRIGAN COURT
Apartment
$499K
407 3970 CARRIGAN COURT
Burnaby, Government Road
2 bd2 ba925 ft²
207 3901 CARRIGAN COURT
Apartment
$510K
207 3901 CARRIGAN COURT
Burnaby, Government Road
2 bd1 ba925 ft²
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24-Month Market Trends — Government Road

24-month trend · Updated monthly

Over the past 24 months, the average sold price in Government Road has trended lower — a 6.0% shift — with the most recent period averaging $1,071,017. Sales volume has remained relatively steady, with 125 homes sold recently and 124 in the earlier part of the period. With an average of 46 days on market, buyers have more time to consider their options, favouring careful negotiation over rush decisions. Current absorption suggests a seller-leaning market, with inventory moving at a brisk pace — roughly 1.2 months of supply.

Neighbourhood Guide
Living in Government Road

Schools, lifestyle, walkability and what makes this neighbourhood unique — an in-depth local guide.

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Frequently Asked Questions

What is the average home price in Government Road?+
The average sold price in Government Road is currently $2,000,000, based on recent sales. Prices vary by property type — condos and townhouses typically start lower, while detached homes command a premium.
Is Government Road a buyer's or seller's market right now?+
Government Road is currently a buyer's market. There are 49 active homes for sale and 1 home sold in the last 30 days.
How long do homes stay on the market in Government Road?+
Homes in Government Road sell in an average of 48 days on market. In a seller's market this can be shorter; homes priced well and in move-in condition typically attract offers quickly.
What types of properties are available in Government Road?+
Government Road offers a mix of detached homes, townhouses, and condominium units. The area is popular with families looking for detached homes and with buyers seeking lower-maintenance strata properties.
How do I get a free home evaluation in Government Road?+
You can request a free, no-obligation home evaluation directly on this page. A local Burnaby agent will research comparable recent sales and provide you with an accurate market valuation within 6 hours.
How much inventory is available in Government Road?+
There is currently 49.0 months of supply in Government Road, meaning it would take about 49.0 months to sell all active listings at the current pace. Under 3–4 months generally favours sellers; over 6 months tends to favour buyers.

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Saeed Farahani
Re/Max Crest Realty
778-883-3264
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Saeed Farahani
Re/Max Crest Realty
778-883-3264
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For Buyers
Thinking of buying in Government Road?

Learn what to look for, how to make a strong offer, and what the buying process looks like in BC.

Buyer's Guide →
For Sellers
Thinking of selling in Government Road?

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