Burnaby Real Estate
You'll find stunning British Columbia real estate situated just east of Vancouver within Burnaby. As the third-largest city in BC, the Burnaby area is home to 249,197 residents. Oddly enough, the area was only granted city status in 1992, one hundred years after it was incorporated.
Burnaby real estate is very popular for those who commute to work, as it's bordered by the city of Vancouver on the west and Burrard Inlet and the Fraser River further bound port Moody, Coquitlam, and New Westminster on the east.
There are many ways to commute to Vancouver; it's only fifteen minutes away! Burnaby, located within the centre of Metro Vancouver, is accessible by 11 Skytrain stops, nine freeway exits, as well as plenty of highway and transit access to surrounding neighbourhoods. Vancouver airport is located close to Burnaby, as well as two major cycling routes that run through the city. It takes about 25 minutes by car or by transit to get to downtown Vancouver.
Burnaby has allocated 25% of its land as green space and has over 130 parks and green areas. Favourite parks include Barnet Marine Park, Central Park, Burnaby Lake Regional Park and Confederation Park.
Burnaby's Major Employers include the Brentwood Town Centre, the British Columbia Institute of Technology, Simon Fraser University, the Burnaby School Board, Lougheed Town Centre, Metropolis at Metrotown and Electronic Arts.
The city implemented a "Crime Reduction Strategy" in November 2009, and police are seeing a notable reduction in all crime types year after year. According to a survey conducted by Maclean's magazine within the same year the Crime Strategy was implemented, Burnaby was named Canada's best run city.
As Burnaby is the third-largest city in British Columbia, there's no surprise that its real estate market is growing rapidly, attracting young professionals, families, and retirees. Homes for sale in Burnaby range from condos and townhouses to detached and semi-detached family homes. There are also many luxury estates within the area for sale too, and plenty of areas to build. Thanks to the mix of commercial and residential properties popping up in the region, newer communities are flourishing within recent years.
The area also attracts young families looking to settle in more of a suburban environment that marries the leafy green atmosphere BC is notorious for, as well as new modern amenities and easy transportation access to Vancouver.
Burnaby is somewhat walkable with a 64 walk score, and a 67 transit score. Some errands can be done on foot.
Burnaby Real Estate Market
|Type of Property||Number of Properties|
|Occupied Private Dwellings||92,200|
|An Apartment Building that has Five or more Storeys||22,880|
|Attached Dwelling (Other)||50,180|
|Apartment or Flat in a Duplex||15,815|
|Apartment in a Building that has fewer than Five Storeys||22,960|
|Single-Attached House (Other)||245|
- East Burnaby
- The Crest
- Government Road
- Lake City Industrial
- Simon Fraser Hills
- Simon Fraser University
- Vancouver Heights
- Willingdon Heights
- Brentwood Park
- Capitol Hill
- Big Bend
- Buckingham Heights
- Burnaby Hospital
- Burnaby Lake
- Deer Lake Place
- Forest Glen
- Garden Village
- South Slope
- Upper Deer Lake
While small in size, there are many neighbourhoods within the city, broken up by the three main areas:
|Dwelling||Average Price ($CAD)|
|Rent (All Dwellings)||$1,150.00 per month|
The average amount of time a home sits on the market is 29 days. According to Zolo, Burnaby ranks the top 16th place in Greater Vancouver to purchase a home. The area is the 6th most expensive, 11th fastest growing, 11th fastest selling and has the 6th highest turnover. The average cost of a home sells for $893K.
Another attractive aspect of Burnaby real estate is that it is surrounded by nature. There are two primary cycling paths through the city, as well as great trails and bikeways throughout the community. Citizens of Burnaby enjoy canoeing and kayaking as well as performances at Deer Lake Park, a cultural hub for the community. The park includes the Burnaby Art Gallery, Shadbolt Centre for the Arts, Burnaby Village Museum and the iconic Hart House Restaurant. During the summer festival season, the park is bustling with events, concerts and more.
Culturally, those living in Burnaby appreciate the arts - live opera, ballet, theatre and symphony performances, museums and heritage sites are open year-round to facilitate the crowds. Casinos and the province's largest mall, Metropolis at Metrotown are also found within Burnaby too!
You'll find a million reasons to purchase Burnaby real estate, the area is flourishing with activity for people of all ages, and its proximity, it's a sound investment!