If you’re watching Burnaby and trying to make sense of mixed signals… you’re not alone.
More listings are coming online. Some homes are sitting longer. Others are still moving quickly.
Here’s the shift Michelle is seeing:
Burnaby hasn’t slowed evenly. It’s splitting by property type.
What the numbers are showing (March 2026)
- Detached homes
- Benchmark price: $1,699,600 (↓ 8.5% year-over-year)
- Days on market: 46 days (up 24.3%)
- Condos
- Benchmark price: $669,700 (↓ 4.8%)
- Sales: down 14.3% year-over-year
- Townhomes
- Benchmark price: $1,044,000 (↓ 9.1%)
- Inventory: up 36.0% year-over-year
What stands out
- Detached homes are taking longer to sell
- Townhome inventory has increased significantly
- Condo pricing is holding more stable relative to other segments
Burnaby is still active. But it’s no longer forgiving.
What this means in real terms
If you’re buying
- You have more options than earlier this year
- You can negotiate more confidently on homes that have been sitting
- But well-priced homes still attract attention quickly
If you’re selling
- Buyers are comparing across more listings than before
- Pricing above the market doesn’t “test” the market anymore, it delays it
- Presentation and positioning are doing more of the work than timing
The plan (how Michelle is advising clients)
- Study active competition first
Today’s buyer is choosing between current listings, not last month’s sales - Prepare for a longer timeline
Especially in detached and townhome segments - Be strategic with pricing from day one
Early momentum matters more than ever
What I’d watch for right now
- Risk: Entering the market above comparable active listings
- Safeguard: Review both sold and current inventory before pricing
- Question to ask: “Why would a buyer choose my home over the one down the street?”
The takeaway
Two things can be true.
There’s more inventory, and there’s still demand.
Burnaby continues to offer strong fundamentals. But success right now comes down to how well a property is positioned within its immediate competition.
If this is you
- Upsizing within Burnaby: aligning your sale and purchase timing is key
- First-time buyer: this may be one of the better windows for selection and negotiation
- Seller testing the market: strategy will matter more than exposure alone
Market conditions can vary by property type and micro-location, so decisions should always be based on current comparable listings, not just headline trends.
Contact Michelle Legaspi realtor directly for a more targeted consultation tailored to your timeline and goals.
Michelle Legaspi
604-354-8158