Brentwood Park, Burnaby Condo Market Report – August 2023

Brentwood Park is one of Burnaby's most transformed neighbourhoods, experiencing a dramatic high-rise development boom centred around the Brentwood Town Centre SkyTrain station on the Millennium Line. The area is home to The Amazing Brentwood, a massive mixed-use development reshaping the skyline with residential towers, retail, dining, and entertainment. Real estate in Brentwood Park consists predominantly of new and pre-sale high-rise condos attracting young professionals, investors, and transit-oriented buyers. The neighbourhood's Expo Line and Millennium Line connections provide rapid access to downtown Vancouver, SFU, BCIT, and the Tri-Cities. Brentwood Park also retains pockets of established single-family homes and townhouses on the periphery of the transit node, offering some entry-level ground-oriented options. With continued development momentum and strong rental demand, Brentwood Park is one of Burnaby's most active and compelling real estate markets.

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46
Units Sold
$790,720
Avg Sold Price
24d
Avg Days on Market
Buyer's Market
Market Condition
1,563 active at start of month 105 new listings Absorption rate: 2.9% Highest sold: $1,369,523 Lowest sold: $475,000

How Does August 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2023 (this report) 46 $790,720 24d
July 2023 month prior 45 +2.2% $813,882 -2.8% 24d +0%
August 2022 year ago 52 -11.5% $782,952 +1%

3-Year Price Trend — Brentwood Park, Burnaby Condo

The Brentwood Park, Burnaby condo real estate market was a Buyer's Market in August 2023, with 1,563 active listings at the start of the month, 46 properties sold, an average sold price of $790,720, properties averaging 24 days on market, an absorption rate of 2.9%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Brentwood Park, Burnaby specialist
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Frequently Asked Questions — Brentwood Park, Burnaby August 2023

In August 2023, the Brentwood Park, Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 2.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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