Burnaby 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 Stable Market with 12 %SOLD rate.
                (This means 12 homes out of 100 sold last month  with an average $126,400 decrease from the original price) Lesson

Most Active Range: Homes below $1.7 mill. have 24.2%SOLD rate
Least Active Range: Homes between $3.0 mill.- $3.5 mill. have 5.0 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $133,117.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $35,470.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 138 homes are for sale and with the 12 %SOLD monthly rate gives us a ~8 months of inventory. 7% of the active listings have reduced their price by $80,778 on average or $75,000 median. We project Burnaby now in Stable market.

Greater Vancouver December 2022:

The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December!  We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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 Neighborhood.

Fraser Valley December 2022

In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average.  We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. 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 Neighborhood.

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