Burnaby Real Estate Market Update — September 2025

A full breakdown of East, North, and South Burnaby

The Burnaby housing market in September quietly came back to life.
After a summer slowdown, both buyers and sellers are cautiously re-engaging.
The best way to describe it? — “A market that moves when the price is right.”

🔍 1. Burnaby at a Glance — September Snapshot

→ Overall, Burnaby is entering a calm recovery phase.
Activity that stalled through summer is picking up again as prices stabilize and interest rates steady.

🌇 2. Area-by-Area Breakdown

Burnaby East — Recovery after a price correction

• Detached: HPI $1,877,400 (-5.3% YoY)

• Condo: HPI $750,800 (-4.6% YoY)

• Townhome: HPI $898,700 (±0.0% YoY)

• SAR: Detached 15.5% / Condo 19.6% / Townhome 11.1%

📖 Storyline
After a quiet summer, sales in East Burnaby clearly rebounded in September.
Activity concentrated in Edmonds and The Crest, where convenient, transit-accessible condo living appeals to end-users.
Detached homes are selling again — but only when pricing is realistic.
Townhome values have stabilized, signaling that the bottom may be in.

Burnaby North — The most balanced and resilient area

• Detached: HPI $2,032,800 (-4.7% YoY)

• Condo: HPI $715,400 (-3.7% YoY)

• Townhome: HPI $923,500 (-2.9% YoY)

• SAR: Detached 10.5% / Condo 16.7% / Townhome 24.2%

📖 Storyline
Burnaby North continues to show the most balanced performance among the three sub-markets.
Townhomes are leading the way, driven by family buyers who value space, schools, and convenience.
Condos remain active but highly selective — build quality, management, and outlook matter more than ever in areas like Brentwood and SFU.
Detached homes are moving mainly in the $2.0M–$2.4M range, where lot size and condition align with value.

Burnaby South — A slow but steady market

• Detached: HPI $2,143,800 (-0.5% YoY)

• Condo: HPI $801,400 (-3.7% YoY)

• Townhome: HPI $1,044,700 (+2.3% YoY)

• SAR: Detached 6.6% / Condo 12.6% / Townhome 13.3%

📖 Storyline
Metrotown and surrounding areas remain competitive, with high inventory keeping prices level.
However, townhomes are the standout performer — the only segment with year-over-year price growth.
They hit the “sweet spot” for both end-users and investors, balancing livability and rental potential.
Detached homes are still slow unless they sit in prime pockets like Deer Lake or Upper Metrotown.

📊 3. Three Key Themes Shaping the Market

1️⃣ “If it’s priced right, it moves.”

Buyers are selective. Properties that align with fair market value are selling; overpriced ones sit.
This is no longer an emotional market — it’s data-driven and value-driven.

2️⃣ “Back to the fundamentals.”

Gone are the speculative days.
Buyers are focusing on location, maintenance history, livability, and strata health.
In condos especially, sunlight, noise, and management quality often outweigh square footage.

3️⃣ “Stabilizing rates, recovering confidence.”

With interest rates finally leveling off, confidence is returning.
The market isn’t surging — but it’s quietly healing.

🧭 4. What This Means for You

🏡 For Buyers

• Now is a rare window to compare.
  Inventory is high enough to evaluate multiple properties side-by-side — by view, exposure, noise, or management.

• Get pre-approved early.
  Sellers respond faster to prepared buyers in this climate.

• Condos and townhomes offer room to negotiate.
  Focus on total ownership cost — mortgage + maintenance + utilities — not just sticker price.

🏠 For Sellers

• Success today hinges on “right pricing and presentation.”
  Homes listed at realistic prices still attract offers within the first two weeks.

• Refresh old listings.
  New photos, updated descriptions, and a competitive price reset can reignite buyer interest.

• Remember: Pricing slightly below the market can net you more than chasing an unrealistic number.

💼 For Investors

• Townhomes are the most stable asset class.
  Rental demand remains strong with low vacancy and increasing rents.

• Condos require selectivity.
  Choose strata with solid reserves, proactive management, and low ongoing costs — particularly in high-supply hubs like Brentwood and Metrotown.

• Detached homes: patience may pay off.
  Price corrections continue, so watch for land-value opportunities without over-leveraging.

💬 5. The Takeaway — “A Quiet Season of Preparation”

September marked the transition from uncertainty to cautious optimism.
Burnaby’s market is recalibrating — not retreating.

• Condos are steady and need-based.

• Townhomes are balanced and resilient.

• Detached homes depend entirely on strategic pricing.

As fall unfolds, we’ll likely see clearer trends:
Will rate cuts spark another surge, or will stability define this cycle?
Either way, this autumn is an ideal time to gather data, evaluate options, and prepare for your next move.

📚 Sources:
REBGV REALTOR® Reports (September 2025)

• Burnaby East

• Burnaby North

• Burnaby South