Burnaby Real Estate Market Update

December 2025 | Burnaby North, South and East

If you are watching Burnaby prices and wondering whether this is your year to move, you are not alone. December closed out a year of higher inventory, softer prices and a calmer pace in most neighbourhoods. Our job is to translate the numbers into real choices for you.

All stats in this post come from the Real Estate Board of Greater Vancouver’s December 2025 reports for Burnaby North, South and East.

---

The big picture: what changed in December

Across Burnaby, three themes stand out.

• Prices are lower than last year.
  • Detached benchmark prices are approx 8% lower year over year in all three sub-areas.
  • Condos are down approx 5–8% depending on neighbourhood.
  • Townhomes are closer to flat, with Burnaby North up approx 0.7%, East nearly unchanged, and South down approx 3%.
• There is more inventory to choose from.
  • Detached listings are up approx 32–42% in North and South and flat in East.
  • Townhome inventory is up approx 5–50%.
  • Condo supply is mixed: higher in East and South, slightly lower in North.
• Sales-to-active ratios sit in the “balanced” range, with a few hotter pockets.
  • Roughly: 11–16% for most segments, with North condos and townhomes in the low 20% range, which gives sellers there a modest edge.

In plain language: buyers have more choice and a bit more negotiating room, and sellers need accurate pricing and a solid plan, but well-presented homes are still selling.

---

Burnaby North: townhomes leading the pack

What the numbers say

• Detached
  • Benchmark price: approx $1,930,400
  • 1-year change: approx -7.8%
  • Sales-to-active ratio: approx 12% (balanced, slightly slower)
• Condos
  • Benchmark price: approx $699,400
  • 1-year change: approx -4.9%
  • Sales-to-active ratio: approx 20% (busy, buyers have less leverage)
• Townhomes
  • Benchmark price: approx $927,900
  • 1-year change: approx +0.7%
  • Sales-to-active ratio: approx 22% (clear seller edge)

Table: Burnaby North at a glance

Property type	Benchmark price (Dec 2025)	1-year change	Market feel
Detached	approx $1,930,400	approx -7.8%	Balanced, slower than peak
Condo	approx $699,400	approx -4.9%	Busier, modest seller edge
Townhome	approx $927,900	approx +0.7%	Stronger segment for sellers

How it feels on the ground

If you own a townhome in Brentwood, Government Road, or nearby areas, this is one of the stronger micro-markets in Burnaby. Detached owners are seeing more competition and softer prices than a year ago, but homes that show well and are priced to match current reality are still moving. Buyers in North Burnaby condos and townhomes should expect more competition and move quickly on the right fit.

---

Burnaby South: balanced condo and townhome market, softer detached

What the numbers say

• Detached
  • Benchmark price: approx $2,022,300
  • 1-year change: approx -8.8%
  • Sales-to-active ratio: approx 11% (leaning softer for sellers)
• Condos
  • Benchmark price: approx $765,900
  • 1-year change: approx -7.6%
  • Sales-to-active ratio: approx 16% (balanced)
• Townhomes
  • Benchmark price: approx $987,300
  • 1-year change: approx -3.0%
  • Sales-to-active ratio: approx 17% (balanced)

Table: Burnaby South at a glance

Property type	Benchmark price (Dec 2025)	1-year change	Market feel
Detached	approx $2,022,300	approx -8.8%	Softer for sellers, more choice for buyers
Condo	approx $765,900	approx -7.6%	Balanced with patient buyers
Townhome	approx $987,300	approx -3.0%	Balanced, still moving with good prep

How it feels on the ground

In areas like Metrotown, Highgate and South Slope, buyers have more properties to compare and more time to think. Detached sellers need to be careful about overpricing; buyers can often negotiate on homes that have been sitting. Condo and townhome sellers who prepare well and price accurately are still getting solid interest.

---

Burnaby East: quiet condo market, steady townhome prices

What the numbers say

• Detached
  • Benchmark price: approx $1,791,800
  • 1-year change: approx -7.8%
  • Sales-to-active ratio: approx 16% (balanced)
• Condos
  • Benchmark price: approx $750,100
  • 1-year change: approx -4.9%
  • Sales-to-active ratio: approx 9% (quieter, more buyer-friendly)
• Townhomes
  • Benchmark price: approx $877,500
  • 1-year change: approx -0.1%
  • Sales-to-active ratio: approx 14% (balanced)

Table: Burnaby East at a glance

Property type	Benchmark price (Dec 2025)	1-year change	Market feel
Detached	approx $1,791,800	approx -7.8%	Balanced with selective buyers
Condo	approx $750,100	approx -4.9%	Quieter, more room to negotiate
Townhome	approx $877,500	approx -0.1%	Stable prices, steady activity

How it feels on the ground

In Edmonds, East Burnaby and The Crest, buyers are taking advantage of softer condo activity to negotiate on price or dates. Townhome prices are holding relatively steady. For sellers, accurate pricing and patience matter more than ever, especially if your home is competing with newer product nearby.

---

What this means if you own in Burnaby

If you are a homeowner, here is how we would look at these numbers together:

• Expect today’s pricing to reflect 2023 levels, not 2024 peaks.
  Detached and condo benchmark values are roughly 5–10% under where they were a year ago in most segments.
• More listings mean more competition.
  If you are selling, you are not the only option. The homes that win are the ones that are easy to understand, easy to show and clearly priced.
• Time on market matters.
  When days on market start to climb, buyers assume there is room to negotiate. In several segments, average days have stretched compared to last year, especially for condos and townhomes in South and East Burnaby.

If you are thinking about listing this year, a realistic pricing strategy and a clear prep plan will do more for you than trying to chase yesterday’s high.

---

What this means if you are planning to buy

If you are a first-time buyer or planning a move within Burnaby:

• You have more options and more data.
  Inventory is higher in many segments, and prices are down from last year. That combination gives you space to compare and negotiate.
• You can be selective, but not casual.
  In segments like North townhomes and condos, good listings still move quickly. In others, you may have more time, but pre-approval and clear criteria matter.
• Your best leverage is clarity.
  If we know your budget, property type and top three priorities, we can target the pockets where numbers favour you most, instead of “bargain hunting” everywhere.

If we were advising a close friend, we would say: use this period to buy the right home at a fair price, rather than trying to perfectly time the bottom.

---