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Burnaby Market Update
East Burnaby, Government Road, Deer Lake, Capitol Hill BN, South Slope and all the sub-areas of Burnaby Real Estate Market Update Report.

Current:  Burnaby's Residential Detached housing market is in a Buyer's Market with 7 %SOLD rate.
                (This means 7 homes out of 100 sold last month  with an average $57,000 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have 23.1 %SOLD rate
Least Active Range: Homes between $2.5 mill. - $3.0 mill. have  3.1 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $66,983.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices decreased $9,051.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 416 homes are for sale and with the 7 %SOLD monthly rate gives us a ~14 months of inventory. 11% of the active listings have reduced their price by $115,077 on average or $89,000 median. We project Burnaby now in Buyer's market.

Greater Vancouver July 2025: 

In July, 62% of single-family homes dropped in value, with an average price dip of $10,078. Still, that’s an improvement from June, when prices fell even harder—by $17,208. With plenty of homes for sale and many buyers and sellers waiting for clearer trade news, Metro Vancouver is still a buyer’s market.

Condos had an even tougher month, with 78% losing value and an average price drop of $2,755. Townhomes values stayed the same at $12,434loss in July. With trade talks and tariffs still making headlines, condo and townhouse prices may stay flat or even fall further.

The good news? Right now is a strong time for buyers. Sellers, though, need a smart game plan to get top value.

Curious which markets are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for fresh updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.

Fraser Valley July 2025: 

In July, 89% of single-family homes lost value, dropping prices by an average of $17,997. That’s a bigger decline compared to June, when prices fell by $4,025. With many homes still for sale and both buyers and sellers are waiting for clearer trade news, the Fraser Valley remains a buyer’s market.

Condos also struggled—83% dropped in value, with an average loss of $4,892. Townhomes saw an even steeper decline, shifting from a $4,819 drop in June to a $10,640 loss in July. With trade talks and tariffs still in the spotlight, condo and townhouse prices may stay flat or even fall further. Bottom line: Buyers continue to hold the advantage, while sellers need a solid strategy to succeed.

The takeaway? This is a great time for buyers to step in. Sellers, however, need a sharp strategy to secure the best deal.

Curious which areas are heating up—or cooling down? Visit VancouverMarketReports.com every Saturday at noon for the latest updates. 📞 Want expert advice or a free Home Market Analysis? Call Bill Coughlin and the Coughlin Team at 778-374-3744—we’ll help you make the right move.

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