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Burnaby, BC

Updated: Aug 2016
House
Median price $1,250,000
Monthly growth 92.34 %
Quarterly trend
Stock on market 0.34%
Apartment
Median price $502,500
Monthly growth 7.18 %
Quarterly trend
Stock on market 0.49%

Burnaby Home Price

The median house price listed in Burnaby this month is $1,250,000.

If you’re looking at investment properties in Burnaby, then you’re most likely to find homes with 3 bedrooms on sale this month.

There are 359 neighbourhoods that have more properties on sale than Burnaby at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

While the median for British Columbia is $349,000 , which means that Burnaby’s median price is $502,500 considerably better than the rest of the province.

Investors looking for properties in Burnaby are most likely to find 2 bedroom homes on offer this month, with 1 bedroom potential investment properties the second most popular.

Across British Columbia Burnaby has the 3rd most properties on offer with 124.

When we look at the data we have, it can help with trying to establish whether or not Burnaby is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Burnaby there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Find a mortgage broker in Burnaby, BC
Beds Median price (House) Median price (Apartment)
1 bedroom $458,950 $368,000
2 bedrooms $568,000 $529,000
3 bedrooms $875,000 $842,000
4 bedrooms $1,398,000 $1,294,000
5 bedrooms $1,450,000 $1,458,000
6 bedrooms $1,450,000 $1,448,000
Demographics
  • Population in 2011223218
  • Population in 2006202799
  • 2006 to 2011 population change (%)10.1
  • Total private dwellings91383
  • Private dwellings occupied by usual residents86839
  • Population density per square kilometre2463.5
  • Land area (square km)90.61

Age Characteristics

Total population by age groups 223215
0 to 4 years 10800
5 to 9 years 9905
10 to 14 years 10415
15 to 19 years 13130
15 years 2350
16 years 2480
17 years 2570
18 years 2720
19 years 3000
20 to 24 years 17625
25 to 29 years 18105
30 to 34 years 16410
35 to 39 years 15910
40 to 44 years 17240
45 to 49 years 18270
50 to 54 years 16970
55 to 59 years 15005
60 to 64 years 12535
65 to 69 years 8705
70 to 74 years 7335
75 to 79 years 6050
80 to 84 years 4530
85 years and over 4280
Median age of the population 39.8
% of the population aged 15 and over 86.1

Marital Status

Total population 15 years and over by marital status 192095
Married or living with a common-law partner 106815
Married (and not separated) 95525
Living common-law 11290
Not married and not living with a common-law partner 85280
Single (never legally married) 60135
Separated 4575
Divorced 11005
Widowed 9560

Family Characteristics

Total number of census families in private households 61370
Size of census family: 2 persons 28295
Size of census family: 3 persons 15935
Size of census family: 4 persons 13025
Size of census family: 5 or more persons 4115
Total number of census families in private households 61365
Total couple families by family structure and number of children 51415
Married couples 45795
Without children at home 17825
With children at home 27965
1 child 12320
2 children 11875
3 or more children 3770
Common-law couples 5620
Without children at home 4110
With children at home 1510
1 child 840
2 children 500
3 or more children 170
Total lone-parent families by sex of parent and number of children 9950
Female parent 8150
1 child 5090
2 children 2360
3 or more children 700
Male parent 1805
1 child 1270
2 children 420
3 or more children 115
Total children in census families in private households 65295
Under six years of age 12725
6 to 14 years 18190
15 to 17 years 7055
18 to 24 years 15065
25 years and over 12270
Average number of children at home per census family 1.1

Household And Dwelling Characteristics

Total number of persons in private households 220260
Number of persons not in census families 42180
Living with relatives 7025
Living with non-relatives only 11500
Living alone 23655
Number of census family persons 178080
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 28955
Number of persons not in census families aged 65 years and over 9620
Living with relatives 2065
Living with non-relatives only 545
Living alone 7010
Number of census family persons aged 65 years and over 19335
Total number of private households by household type 86840
Census-family households 58035
One-family-only households 49950
Couple-family households 42290
Without children 17870
With children 24420
Lone-parent-family households 7665
Other family households 8080
One-family households with persons not in a census family 4990
Couple-family households 3835
Without children 1285
With children 2550
Lone-parent-family households 1160
Two-or-more-family households 3090
Non-census-family households 28805
One-person households 23655
Two-or-more-person households 5150
Total number of occupied private dwellings by structural type of dwelling 86840
Single-detached house 21355
Apartment, building that has five or more storeys 19055
Movable dwelling 15
Other dwelling 46410
Semi-detached house 2735
Row house 7775
Apartment, duplex 12670
Apartment, building that has fewer than five storeys 23180
Other single-attached house 50
Total number of private households by household size 86840
1 person 23650
2 persons 26860
3 persons 15580
4 persons 12930
5 persons 4710
6 or more persons 3110
Number of persons in private households 220260
Average number of persons in private households 2.5

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