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New Westminster - Burnaby E. RE/MAX Reports Market Update

Hi , your free RE/MAX Market Share Reports Plus many Advanced Market Reports.

Question? Do you know when 's market will switch to a Buyers Market, in advance?

Bottom-line if you are not using our Advanced Market Reports you have lost 25% of your profits.

Our Advanced Reports and the Stats Boot Camp Course empower Agents to get shaper prices;higher sell-through rates and to be able to show their clients the actual market trends.

Many of these Advanced Reports will probably look like gibberish until you take a lesson. Once empowered with your own personalized reports, then you can really understand the market trends to protect your clients and make you more money. Standing by to help you :) Bill Coughlin 778-374-3744 eXp Realty

Now even Condominiums eked small gains in most communities this year!

Would like to to see the Condos Low & the Townhouse Changes too? Note: All of these Home Price Changes are complied from the most accurate VMR Home Price Index (paired) HPIp

, if you do not want any future RE/MAX Market Reports Please reply Remove Me and you will be sorely missed! :) Bill Coughlin

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New Westminster - Burnaby E.

Oct 1, 2026

Current: New West & E. Burnaby's Residential Detached housing is in a Buyer Market with 6 %SOLD rate.
(meaning 6 homes out of 100 sold last month with an average $99,000 decrease from the original list price)

Most Active Range: Homes between $1.3 mill.-$1.5 have 12.5 %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 $62,819.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $131,117.
*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; 216 homes are for sale and with the 6 %SOLD Monthly Rate giving us a ~17 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Buyer Market. 12% of the Active Listings have Reduced their Price by $63,096 on Average and $50,000 on Median for the last month.

Greater Vancouver September 2026:

Home Prices Are Still Falling! But There’s Some Good News!

Greater Vancouver detached home prices dropped an average of $16,504 in September, compared to $22,911 in August. That's a 28% smaller drop! However, 81% of detached home markets are still declining. Condo prices fell $4,797, with 78% of markets dropping. Townhomes took an even bigger hit, falling an average of $8,593, with 87% of markets declining! Canadian consumer confidence is extremely weak. American tariffs are forcing Canadian businesses to close, lay off staff, or move south. We forecast more job losses next month = more downward pressure on home prices! But this market could turn around! If Canada & the US reach a trade agreement with lower tariffs, businesses could regain confidence & start hiring again. If interest rates dropped 1.5%, banks made financing easier & governments offered buyer incentives, sales could recover! EG: FOR 6 MONTHS, remove GST on new homes & property transfer taxes on all sales. This would encourage buyers to step back into the market! Bottom Line: Restore jobs, lower interest rates & reduce buying costs = more buyers, more sales & a stronger housing market!

Want to know how your neighbourhood is performing? Visit VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates across all 17 cities. For expert advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We’re here to help you understand the market and make the best move.

Fraser Valley September 2026:

Good News! Detached Home Prices Are Falling Slower!

Fraser Valley detached home prices dropped an average of $5,589, compared to $10,687 in August. However, 56% of detached markets are still declining. Condos fell $3,717, with 83% of markets declining. Townhomes took the biggest hit, dropping $9,208, with 92% of markets falling! Bottom Line: Detached homes are showing improvement, but condos & townhomes remain under pressure. Buyers have stronger bargaining power! Sellers need competitive prices to attract serious offers. Canadian consumer confidence is extremely weak. American tariffs are forcing Canadian businesses to close, lay off staff, or move south. We forecast more job losses next month = more downward pressure on home prices! But this market could turn around! If Canada & the US reach a trade agreement with lower tariffs, businesses could regain confidence & start hiring again. If interest rates dropped 1.5%, banks made financing easier & governments offered buyer incentives, sales could recover! EG: FOR 6 MONTHS, remove GST on new homes & property transfer taxes on all sales. This would encourage buyers to step back into the market! Bottom Line: Restore jobs, lower interest rates & reduce buying costs = more buyers, more sales & a stronger housing market!