Burnaby Housing 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 sellers Market with 30 %SOLD rate. (This means 30 homes out of 100 sold last month  with an average $50,000  Discount  from  the original price) Lesson

Most Active Range: Homes below $1.2 mill. have 50.0 %SOLD rate
Least Active Range: Homes above $2.5 mill. have 16.9 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $88,711.
The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $74,432.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 194 homes are for sale and with the 30 %SOLD monthly rate gives us a ~3 months of inventory. 7% of the active listings have reduced their price by 74,181 on average or $72,000 median. We project Burnaby to be a continued sellers market.

May's Real Estate Statistics show ALL 97 Markets are in a Strong Sellers Market and by most accounts, exceeding the 2016 Market Furious Activity Levels. This Consumer Confidence is largely due in part to an increased demand from a Large Local Investor Component and Lower Inventory Levels. Overall, Single Family Homes in Metro Vancouver experienced an Average Monthly Price Increase of $40,337, which is a dramatic increase over the $23,408 increase that we saw in April and Single Family Homes in the Fraser Valley experienced an Average Monthly Price Increase of $25,106,​ which is a decrease from the $32,589 increase that we saw in April.

Currently 100% of the Attached Markets are increasing at a fast pace in Greater Vancouver's 58 Markets. Last year our Emotionally Charged Single Family Markets peaked in June/July and this year we are forecasting a prolonged Sellers Market across all Markets. We continue to analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighbourhood.

  Vancouver and FV Market Reports and Forecasts

  Developers, Investors, Realtors or Financial Advisers.

• Now you can be informed of the market changes as they happen.
  • Now you can receive bi-monthly updates.=
     
• Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.

   Membership   $89/mnth,                 (Sponsored Realtors  Click here ) (

  Vancouver and FV Market Reports and Forecasts

  Developers, Investors, Realtors or Financial Advisers.

• Now you can be informed of the market changes as they happen.
  • Now you can receive bi-monthly updates.=
     
• Each month we analyze the Real Estate Supply and Demand for 22 cities in the lower mainland: Vancouver to Chilliwack and we make the forecasts for the following month or more.

   Membership   $89/mnth,                 (Sponsored Realtors  Click here ) (