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Market Report

Burnaby

June 2024

Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable as of the Report Date. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained herein, and the same is submitted subject to errors and omissions, without any obligation to up date or correct.

Summary

Klein Reports 2024
Residential City Market Reports
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Agents
Overview
Houses
Townhomes
Condos
Neighbourhoods Statistics
Account Benefits

Burnaby Specialists

Burnaby Overview

Sales-to-Active Ratio

Single Family Houses


16%

Buyers Market

Single Family Townhouses


21%

Sellers Market

Single Family Condos


16%

Buyers Market

HPI Benchmark Price (Average Price)

Houses

$2,259,117

-1.4%
Lower Than Last Month
May 2024
9.4%
Higher Than Last Year
June 2023

Townhomes

$991,814

-3.4%
Lower Than Last Month
May 2024
6.3%
Higher Than Last Year
June 2023

Condominiums

$740,798

1.5%
Higher Than Last Month
May 2024
-2.1%
Lower Than Last Year
June 2023

Market Share

This Month

19.3%
Single Family Houses
12.0%
Single Family Townhouses
68.7%
Single Family Condos

Last Month

21.3%
Single Family Houses
13.1%
Single Family Townhouses
65.5%
Single Family Condos

Last 12 Months

22.9%
Single Family Houses
14.1%
Single Family Townhouses
62.9%
Single Family Condos

Single Family Houses

5 Year Trend

Market Status

Buyers Market

Burnaby is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
16%

Buyer's Market

Balanced Market

Seller's Market

16%

Of Single Family 
House Listings Sold
IN PAST 30 DAYS

361

Active Single Family 
House Listings
IN PAST 30 DAYS

58

Single Family 
House Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-1%

Lower Than
Last Month
May 2024

9%

Higher Than
Last Year
June 2023

Summary of Sales Volume Change

-17%

Lower Than
Last Month
May 2024

-26%

Lower Than
Last Year
June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Townhomes

5 Year Trend

Market Status

Sellers Market

Burnaby is currently a Sellers Market. This means that >more than 20% of listings are sold within 30 days. Sellers may have a slight advantage when negotiating prices.
21%

Buyer's Market

Balanced Market

Seller's Market

21%

Of Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

172

Active Single Family 
Townhouse Listings
IN PAST 30 DAYS

36

Single Family 
Townhouse Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

-3%

Lower Than
Last Month
May 2024

6%

Higher Than
Last Year
June 2023

Summary of Sales Volume Change

-16%

Lower Than
Last Month
May 2024

-25%

Lower Than
Last Year
June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Condos

5 Year Trend

Market Status

Buyers Market

Burnaby is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.
16%

Buyer's Market

Balanced Market

Seller's Market

16%

Of Single Family 
Condo Listings Sold
IN PAST 30 DAYS

1,283

Active Single Family 
Condo Listings
IN PAST 30 DAYS

206

Single Family 
Condo Listings Sold
IN PAST 30 DAYS

Summary of Sales Price Change

2%

Higher Than
Last Month
May 2024

-2%

Lower Than
Last Year
June 2023

Summary of Sales Volume Change

-4%

Lower Than
Last Month
May 2024

-4%

Lower Than
Last Year
June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

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Head Office

O 604 684 8844
T 866 352 9311
F 1 855 684 8844

201 - 2468 Scotia Street
Vancouver, BC
Canada V5T 1W5

Head Office

O 604 684 8844
T 866 352 9311
F 1 855 684 8844

201 - 2468 Scotia Street
Vancouver, BC
Canada V5T 1W5

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
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