Vancouver Real Estate Market Update Reports / North Burnaby Real Estate Market Update Forecast Report

   Burnaby Housing Market Trends

 


  Burnaby Real Estate Market Reports and Forecasts   Previous Report

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.

      What are Burnaby's Best and Worst Investments?

Feb 1, 2025

gas gauge

Current:  Burnaby's Residential Detached housing market is in a Stable Market with 10  %SOLD rate.
                (This means 10 homes out of 100 sold last month  with an average $78,499 decrease from the original price) Lesson

Most Active Range: Homes between $1.7 mill. - $1.9 mill. have 20.0 %SOLD rate
Least Active Range: Homes above $3.5 mill. have  1.7 %SOLD rate.

History: The Burnaby Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $50,797.
               The Burnaby Home PriceIndexHPIp (Lower 50%) Year-To-Date shows that prices increased $68,069.
                   *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Burnaby has a normal Listing supply; 215 homes are for sale and with the 10 %SOLD monthly rate gives us a ~10 months of inventory. 8% of the active listings have reduced their price by $113,105 on average or $90,550 median. We project Burnaby now in Stable market.

Greater Vancouver December 2024:

In December 2024, about half of detached homes in Greater Vancouver increased in value, but on average single-family homes dropped $7,510. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

Condo and townhouse prices also fell, by $11,005 and $6,523 on average. These markets are expected to be Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. Get insights on which areas in the Lower Mainland are gaining or losing value. For detailed reports and advice about your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley December 2024:

In December 2024, more than half of detached homes in Fraser Valley saw an increase in value, with single-family homes rising by an average of $736. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

The average price for condos rose by $2,127, while townhouses dropped by $1,630. We expect these markets to remain Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. We provide insights on areas in the Lower Mainland that are gaining or losing value. For a full report and neighborhood details, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

We thank Bill Coughlin for his support of these Burnaby Real Estate Updates which include sub-areas such as East Burnaby, Capitol Hill BN, South Slope, Government Road, Deer Lake etc. Contact Bill as the Local Expert.... more details.

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Burnaby Real Estate Market updates for Deer lake, Goverment road and all other sub areas

Download the full BurnabyMarketupdatereport.PDF

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc. sub areas updates for Burnaby

This Burnaby Real Estate Market update includes the sub areas Government Road, Deer Lake, East Burnaby, Capitol Hill BN, South Slope etc.

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

   Burnaby , East Burnaby and NewWest 

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Burnaby , NewWest Real Estate Adsorption Reports Nov 23 2011

Diclaimer: Market predictions are exactly that: predictions. Market conditions are changing dail and you should consult with your local expert to confirm facts before making any decisions.

Study Criteria: Sq.ft. 2000 to 3500, Frontage: Maximum 69, Bedroom: 3 to 6, Age: 3 to 65 years. As per Study area Map

Previous underpriced homes data

Why we study the market changes

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

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