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Burnaby Real Estate Value Statistics

Get statistics, sold listings, values and more in Burnaby.

As of July, 2019, there are 1625properties for sale, with an average of$1,161,014. Last Month 136properties were sold, for 120below list price, 11above list price.

Burnaby is the third largest city in British Columbia after Surrey and Vancouver (by population). The city's central geographic location together with all the activities you can experience make the city a true escape from the hustle and bustle of Vancouver. Burnaby promotes liveable, vibrant and sustainable economy by strengtheing the overall well-being of its residents. In 2009, Burnaby was named the "Best Run City in Canada" by Maclean's magazine.

Burnaby Market Summary

There are currently  properties for sale on the market in Burnaby, with a price range of $ -$

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Demographics

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232,755Population
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83.8 yearsLife Expectancy
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59.2 %Employment Rate
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6.4 %Unemployment Rate
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$73,261.00 Average Household Income
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Neighbourhoods

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Information

history

With a population of 232, 755 and an area of 90.61 km2 (Statistics Canada, 2016 Census of Population), Burnaby's history is one with constant growth and diversity. On September 22, 1892, the municipality of Burnaby received its charter of incorporation. In the first 30 to 40 years after its incorporation, Burnaby's central location influenced the growth of the city. Burnaby’s economic base has changed from logging and agriculture to service, commercial and industrial activities. After 100 years of incorporation, on the celebration of its 100th anniversary, they officially changed from the Corporation of the District of Burnaby to the City of Burnaby.

lifestyle

The city is always been a home to diverse communities of indigenous peoples. Many locations in Burnaby was used as seasonal food gathering and camp sites of the Northwest Coast aboriginal peoples who first inhabited the region. The artifacts and other archaeological resources they leave behind was stored in SFU Museum of Archeology and Ethnology. Other heritage sites and museum in the city will help you learn more about Burnaby's dynamic history. Today, Burnaby celebrated its rich culture and history with different festivals like their annual European Festival, the Hats Off Day Parade, and the Burnaby Blues and Roots Festival.

culture

Being one of the most culturally diverse cities in Metro Vancouver, Burnaby caters to every palate and has countless dining options that will suit every taste and budget. Local and international cuisine is right here, from italian to greek to vietnamese dish that is as authentic as it gets. For museum-explorers, Burbany offers many museums and cultural centres that reflects their city's rich arts, culture & heritage. If shopping spree is your thing, the city have several malls and shopping centres that provides wide selection of shops and services that you can choose from.

zoning

Burnaby is home to many industrial and commercial firms. BC's largest mall, the Metropolis at Metrotown is located in the Burnaby, thus making it one of the top shopping destinations in BC. Still, Burnaby maintains some agricultural land for other outdoor activites such as rambling through lush parks, playing golf, and watching live theatre and sports events. In fact, Burnaby's ratio of park land to residents is one of the highest in North America.

climate

Burnaby has a mild climate year-round similar to Vancouver's given that the city is situated in a coastal temperate rainforest zone. Winters are wet rather than snowy. Summer weather usually extends from June until mid-September, with warm and breezy days.

education

Burnaby School District 41 administered the 41 elementary and 8 secondary public schools in Burnaby. The city also has Community and Adult Education Department and International Students' Programme. Simon Fraser University and British Columbia Institute of Technology are the two post-secondary institutions that are situated in the City of Burnaby.

health care

Burnaby Hospital (formerly known as Burnaby General Hospital) is operated by the Fraser Health Authority (FHA). It is considered as one of the largest hospitals outside Vancouver. It offers a full range of facilities including a 24-hour emergency department, neurology, oncology, critical care (ICU, CCU, ER), obstetrics, pediatrics, surgery, palliative care and maternity services.

transportation

SkyTrain is the metropolitan rail system that is based in Burnaby, serving Vancouver, British Columbia, Canada and surrounding municipalities. It has 53 stations that serves three lines, the Expo, Millennium, and Canada Line. The city has 11 SkyTrain stations. Patterson, Metrotown, Royal Oak and Edmonds are on the Expo Line. While, Gilmore, Brentwood Town Centre, Holdom, Sperling, Lake City, University/Production Way, and Lougheed Town Centre are on the Millennium Line. The city is also served by Metro Vancouver's TransLink public transportation system, and buses run approximately between 5 am and 1 am. Walking, biking and rollerblading are also ways of getting around the city.

economy

Burnaby first served as a rural agricultural area supplying nearby markets. Over time, Burnaby's economic base has shifted from rural to suburban to urban. From logging and agriculture industries that focused on areas like fish processing plants, steel-making, and trucks, Burnaby's economic change leads to service, commercial and industrial activities. Today, many industrial and commercial firms such as Electronic Arts, Creo, Ballard Power Systems and Telus base their operations in Burnaby. Approximately 27% of city's employment comes from different community, business and personal service industries.

employment

The city's employment rate reached 59.2% on 2016 Census, while Burnaby's average household income is $73,261.00, 6.3% lower compare to $78,227 of BC based on CensusPlus, 2011.

recreation

Burnaby is a place that offers endless opportunites for outdoor activities. You can visit their museum to take in art and culture, go to the largest mall in BC to do shopping, visit family-friendly attractions like parks and open space, or attend different events throughout the year. Deer Lake Park is one of the most visited park in Burnaby as it offers a compelling blend of culture and scenery. You can rent boats, do hiking or simply admire its magnificently designed gardens. If you are up for jogging, playing pitch-and-putt golf or tennis, the Central Park on the Burnaby-Vancouver border is the place for you. Burnaby also offers unparalleled access to sports and recreational activities like bird-watching, hiking, golf, canoeing, kayaking, and boating to name a few.

sports

Burnaby considered to be a sports tourism destination. One of its pride is the Burnaby Velodrome, one of the only three indoor bicycle racing tracks in Canada. The velodrome hosted a variety of races every year, including the Feature Friday Night Race Series, the Burnaby 4 Day, and club races throughout the season. The largest complex of ice rinks in the world - Burnaby 8-Rinks is located in the city and Burnaby Tennis Club has 11 free public courts. They also have two scenic public golf courses for golfers by profession and by heart. Visitors that often looks for a taste of Canada's ice hockey visit the Burnaby Express. Soccer fields, archery facilities, an indoor pool, and a jogging track can also be found in the city of Burnaby.

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