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Burnaby Real Estate

BC's third-largest city and Metro Vancouver's middle ground — SFU on the mountain, Metrotown in the valley, SkyTrain threading it all together, and a breadth of neighbourhoods that makes Burnaby one of the lower mainland's most livable addresses.

View Listings About Burnaby
~250,000
Population
~$1.1M
Avg Property Price
City
Municipality
Metro Vancouver
Region

About Burnaby

Burnaby is Metro Vancouver's middle city in every meaningful sense — geographically between Vancouver and the Tri-Cities, in price between the Vancouver premium and the relative affordability of Coquitlam, and in character between downtown density and suburban depth. It is also, quietly, one of the most important cities in BC: Simon Fraser University sits at the top of Burnaby Mountain, producing graduates who drive the province's technology and business sectors; the Metrotown corridor is one of Canada's most active retail and residential densification zones; and the city's SkyTrain network coverage remains among the best in the lower mainland.

Burnaby Heights in the north retains a neighbourhood character that feels distinct from Metro Vancouver's larger pressures — Italian-heritage bakeries, a walkable main street, and older homes on mature tree-lined streets that hold their appeal despite the density pressure surrounding them. Brentwood has transformed dramatically, with towers and retail replacing the old shopping mall in a development that has become a blueprint for suburban transit-oriented intensification. Throughout the city, the transit coverage is exceptional: multiple Expo and Millennium Line stations mean that getting to Vancouver, Coquitlam, or Surrey without a car is genuinely practical.

For buyers, Burnaby occupies an interesting position: properties tend to track slightly below comparable Vancouver addresses while offering equivalent or better transit access. The condo market in the Metrotown and Brentwood towers draws investors and young professionals; the established single-family neighbourhoods in north and east Burnaby draw families; and the Burnaby Mountain / SFU area draws a specific buyer who wants the views and the university community without being fully in Vancouver. It's a city of options — which is exactly what Metro Vancouver buyers often need most.

Single Family Home

Burnaby detached homes in established neighbourhoods — Burnaby Heights, Capitol Hill, Sullivan Heights, and south Burnaby at Metro Vancouver prices slightly below Vancouver proper.

$1,400,000 – $2,800,000+

Metro Vancouver · SkyTrain access · BC's third-largest city

Condo / High-Rise

Burnaby condos in Metrotown, Brentwood, and SkyTrain-adjacent towers — Metro Vancouver high-rise living at the region's transit hub.

$550,000 – $1,300,000

Metrotown · Brentwood · Lougheed · SkyTrain connected

Townhome

Burnaby townhomes — family-scale attached housing in south and east Burnaby neighbourhoods between the SkyTrain corridors.

$850,000 – $1,400,000

Attached townhome · South/East Burnaby · Metro Vancouver

Burnaby Real Estate — FAQ

Why do people choose Burnaby over Vancouver?

Burnaby offers full Metro Vancouver SkyTrain connectivity, excellent schools, and diverse neighbourhoods at prices that tend to run slightly below comparable Vancouver addresses. Areas like Brentwood, Metrotown, and Lougheed have undergone major urban renewal with new towers, retail, and transit hub amenities that rival anything in Vancouver proper.

What are the main neighbourhoods in Burnaby?

Burnaby's main residential areas include Burnaby Heights (North Burnaby, walkable, Italian heritage), Capitol Hill (elevated views), Metrotown (dense urban core, SkyTrain), Brentwood (rapidly redeveloping), Sullivan Heights (family suburban east Burnaby), and Edmonds (South Burnaby near New Westminster).

What types of properties are available in Burnaby?

Burnaby offers older single-family homes in established north and east Burnaby, pre-sale and resale condos in the Metrotown and Brentwood towers, townhomes in suburban south Burnaby, and excellent high-rise living along the Expo and Millennium SkyTrain lines. Average prices around $1.1M reflect the full mix.

Is Burnaby well-served by transit?

Burnaby has outstanding SkyTrain coverage with multiple stations on both the Expo Line (through Metrotown to Edmonds) and the Millennium Line (Brentwood, Holdom, Sperling-Burnaby Lake, Lake City). Transit connectivity makes car-free living genuinely viable in large parts of the city.

What is Simon Fraser University's relationship to Burnaby?

SFU sits atop Burnaby Mountain — one of Canada's most dramatically situated campuses, with views of Metro Vancouver and the mountains. SFU drives significant rental and purchase demand in surrounding Burnaby neighbourhoods, and the UniverCity community on the mountain has become its own planned residential development.

What is the BC Property Transfer Tax?

BC charges a Property Transfer Tax (PTT) on all real estate purchases: 1% on the first $200,000, 2% on $200,001 to $2,000,000, and 3% on the portion over $2,000,000. First-time buyers purchasing a home under $500,000 may qualify for a full PTT exemption.

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