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Current: New West & E. Burnaby's Residential Detached housing is in a Stable Market with 11 %SOLD rate.
(meaning 11 homes out of 100 sold last month with an average $49,000 decrease from the original list price)
Most Active Range: Homes between $1.4 mill.- $1.7 mill. have 22.7 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 0.0 %SOLD rate.
History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices decreased $41,287.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $115,871.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: New Westminster- East Burnaby has an average Listing Supply; 202 homes are for sale and with the 11 %SOLD Monthly Rate giving us a ~9 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Buyer Market. 13% of the Active Listings have Reduced their Price by $88,754 on Average and $84,450 on Median for the last month.
Greater Vancouver May 2026:
The Metro Vancouver housing market nosedived in May. Detached home prices dropped by an average of $12,351. This is a much bigger drop than April, when prices only went down $745. Right now, in what is normally one of our stronger spring market months, 76% of detached-home markets are declining.
Condo prices also fell, by an average of $2,047. About 61% of condo markets are still decreasing, but townhomes are doing better this month. Prices went up by an average of $888. Even better, 63% of townhome markets are rising. Last month, only 18% were going up. This shows more buyers are interested in townhomes. The June forecast for is that detached homes and condos will stay under strong downward pressure, while townhomes could remain stable.
It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.
Fraser Valley May 2026:
The Fraser Valley housing market slowed down in May. Detached home prices dropped by an average of $8,452. This is a bigger drop than April, when prices went down $3,825. Right now, that is not good for what is normally one of our stronger spring market months, with 83% of detached-home markets declining.
Condo prices were the bright spot. Prices went up by an average of $1,212, bouncing back from April, when prices went down $815. Right now, 67% of condo markets are rising. Last month, only 50% were going up. This shows more buyers are interested in condos again.
Townhomes are still under pressure. Prices fell by an average of $4,062. Right now, 75% of townhome markets are declining, the same as last month. This means the townhouse market could be under even more pressure next month.
The June forecast is that detached homes and townhouses will stay under strong downward pressure. Condos, as the most affordable choice, could continue to improve or stabilize.
It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.
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