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Real estate market data
Metro Vancouver saw 6,684 new listings in April 2026, 15.5% above the ten-year seasonal average, with market analysts flagging a condo surplus in tower-dense areas including parts of Burnaby such as Metrotown and Brentwood.
Source : Greater Vancouver REALTORS (REBGV), Metro Vancouver MLS statistics, April 2026 (released May 2026); figures are Metro-wide, with Burnaby noted qualitatively by GVR analysts. https://www.gvrealtors.ca/market-watch/monthly-market-report/april-2026.html
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Frequently asked questions
Is Burnaby part of the City of Vancouver?
No. Burnaby is a separate city directly east of Vancouver with its own council, bylaws and property taxes. Its sales are reported through Greater Vancouver REALTORS, but rules differ: notably, Vancouver's Empty Homes Tax does not apply in Burnaby, though the provincial Speculation and Vacancy Tax can. (City of Vancouver; BC Speculation and Vacancy Tax.)
Is there an oversupply of condos in Burnaby right now?
In the tower districts, effectively yes. Region-wide new listings ran 15.5% above the seasonal norm in April 2026, and analysts point to a condo glut in high-rise areas including parts of Burnaby, giving condo buyers there meaningful choice and leverage. (Greater Vancouver REALTORS, April 2026.)
How does Burnaby pricing compare to the City of Vancouver?
Burnaby generally sits below comparable City of Vancouver homes, especially for detached property, which is part of its appeal to families and SFU-area buyers. Exact gaps vary by neighbourhood and property type, so local comparables matter more than the Metro-wide benchmark. (Greater Vancouver REALTORS, April 2026.)