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 |
|---|---|---|---|
| January 2021 (this report) | 6 | $1,648,833 | 45d |
| December 2020 month prior | 3 +100% | $1,427,000 +15.5% | 82d -45.1% |
In January 2021, the Burnaby Lake, Burnaby house real estate market is classified as a Balanced Market with an absorption rate of 17.1%. The market in Burnaby Lake, Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. 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.