Burnaby Housing Market – (2026)
Burnaby’s real estate market in 2026 is best described as buyer-leaning, with pockets of stability, especially in detached homes.
The Burnaby Housing Market has shifted due to higher inventory, slower sales, and longer selling times.
📊 Prices (Latest Estimates)
Average home price: about $950K – $960K
Benchmark price (Burnaby overall): about $981K
Year-over-year change: roughly -7% to -11% down, depending on property type
👉 Detached homes still sit around $1.7M – $2.3M+ 👉 Condos are typically $600K – $950K 👉 Townhouses often fall around $950K – $1.4M
📉 Market Conditions
1. Buyer’s market overall
Sales-to-listing ratios are low across Metro Vancouver
More listings than buyers in most segments
Buyers have negotiation power again
2. Inventory is elevated
Roughly 11–12+ months of inventory in some reports
Homes are taking ~26–27 days or longer to sell
3. Price pressure varies by property type
Condos: weakest segment (more investor + supply pressure)
Townhomes: stable but soft
Detached homes: more resilient, still selling if priced right
🧭 Key Trends Driving The Burnaby Housing Market
💰 1. Higher interest rates
Borrowing costs are still limiting buying power, especially for move-up buyers.
🏗️ 2. High supply in condo-heavy areas
Brentwood, Metrotown, and Edmonds continue to see new condo inventory.
👨👩👧 3. Detached homes are holding better
Family demand keeps detached homes relatively stronger, especially in North Burnaby and South Slope.
⏳ 4. Longer selling timelines
Sellers must price realistically or expect extended days on market.
🧠 What does this mean if you’re buying or selling
Buyers:
More room to negotiate
Better selection than the past 2021–2022 peak market
Conditions, price reductions, and inspection clauses are common again
Sellers:
Pricing correctly is critical
Overpriced listings sit
Detached homes still perform best if well presented and strategic
🧾 Bottom line
Burnaby in 2026 is no longer a frenzied market. It’s a balanced-to-buyer-leaning market with:
Lower prices than in the peak years
Higher inventory
Stronger buyer leverage
Selective demand (best properties still move quickly)