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Government Road

Buyer's MarketBurnaby · 44 active listings
TypeAvg Sold PriceSold (30d)Avg DOMActiveCondition
Condos$380K141d15Buyer's Market
Townhouses—0—7Buyer's Market
Houses$2.14M113d22Buyer's Market

Government Road is currently a buyer's market. 4.5% sales-to-active listings ratio — homes selling in an average of 27 days, at an average sold price of $1,259,000 — well-priced properties are attracting strong demand.

$1.26M
Avg Sold Price
2
Homes Sold (30d)
44
Homes For Sale
27
Avg Days on Market
4.5% SALR

Neighbourhood Pulse

Based on 90-day sold data

Market Activity
2/10Quiet
QuietModerateActiveHigh Demand
Houses
Sales (90d)
4
Avg DOM
138d
Avg Sold Price
$2.17M
$1K/sqft avg
Fastest Selling
Townhouses
Sales (90d)
3
Avg DOM
16d
Avg Sold Price
$873K
$1K/sqft avg
Most SalesBest Value (price/sqft)
Condos
Sales (90d)
7
Avg DOM
41d
Avg Sold Price
$470K
$1K/sqft avg
Townhouses are selling fastest in Government Road, with an average of 16 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 risen approximately 111% over the past three months, pointing to upward price pressure.
Showing 12 active homes in Government RoadView all listings →
324 9101 HORNE STREET
Apartment
$475K
324 9101 HORNE STREET
Burnaby, Government Road
2 bd1 ba943 ft²
87 9088 HALSTON COURT
Townhouse
$1.05M
87 9088 HALSTON COURT
Burnaby, Government Road
3 bd3 ba1,424 ft²
225 9101 HORNE STREET
Apartment
$579K
225 9101 HORNE STREET
Burnaby, Government Road
3 bd2 ba1,122 ft²
8865 HORNE STREET
Townhouse
$689K
8865 HORNE STREET
Burnaby, Government Road
3 bd3 ba1,547 ft²
306 9283 GOVERNMENT STREET
Apartment
$585K
306 9283 GOVERNMENT STREET
Burnaby, Government Road
2 bd2 ba866 ft²
8029 WESTLAKE STREET
House
$2.27M
8029 WESTLAKE STREET
Burnaby, Government Road
5 bd3 ba2,917 ft²
8108 WESTLAKE STREET
House
$2.79M
8108 WESTLAKE STREET
Burnaby, Government Road
7 bd6 ba5,618 ft²
1205 3970 CARRIGAN COURT
Apartment
$429K
1205 3970 CARRIGAN COURT
Burnaby, Government Road
1 bd1 ba778 ft²
108 9233 GOVERNMENT STREET
Apartment
$660K
108 9233 GOVERNMENT STREET
Burnaby, Government Road
2 bd2 ba987 ft²
216 9202 HORNE STREET
Apartment
$450K
216 9202 HORNE STREET
Burnaby, Government Road
2 bd1 ba925 ft²
16 9088 HALSTON COURT
Townhouse
$1.05M
16 9088 HALSTON COURT
Burnaby, Government Road
3 bd3 ba1,448 ft²
112 3901 CARRIGAN COURT
Apartment
$500K
112 3901 CARRIGAN COURT
Burnaby, Government Road
3 bd2 ba1,186 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 6.3% shift — with the most recent period averaging $1,076,886. Sales volume has remained relatively steady, with 129 homes sold recently and 128 in the earlier part of the period. With an average of 50 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 1.1 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 $1,259,000, 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 44 active homes for sale and 2 homes 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 27 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 22.0 months of supply in Government Road, meaning it would take about 22.0 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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Re/Max Crest Realty
778-883-3264
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For Buyers
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