Burnaby Lake is a peaceful residential neighbourhood in the geographic centre of Burnaby, BC, situated alongside the Burnaby Lake Regional Park — a stunning 350-hectare nature reserve offering kayaking, birdwatching, and extensive trail networks. The neighbourhood features a relaxed, green character with a mix of established detached single-family homes, older townhouses, and some low-rise condos tucked into quiet, tree-lined streets. Burnaby Lake's real estate market tends to attract nature-loving families and buyers seeking a quieter community feel within Burnaby. The neighbourhood is well connected via Lougheed Highway and Cariboo Road, with bus transit linking residents to Lougheed Town Centre and Production Way SkyTrain stations. Its balance of natural amenity, central Burnaby location, and relatively more spacious properties compared to higher-density corridors makes Burnaby Lake a consistently appealing choice for families and active lifestyle buyers.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| February 2022 (this report) | 4 | $3,010,750 | 9d |
| January 2022 month prior | 2 +100% | $2,600,000 +15.8% | 14d -35.7% |
| February 2021 year ago | 5 -20% | $2,061,333 +46.1% | — |
In February 2022, the Burnaby Lake, Burnaby house real estate market is classified as a Buyer's Market with an absorption rate of 6.6%. 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.