Burnaby Lake, Burnaby Market Report – May 2020

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.

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4
Units Sold
$1,105,875
Avg Sold Price
58d
Avg Days on Market
Seller's Market
Market Condition
19 active at start of month 8 new listings Absorption rate: 21.1% Highest sold: $1,500,000 Lowest sold: $730,000

How Does May 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2020 (this report) 4 $1,105,875 58d

3-Year Price Trend — Burnaby Lake, Burnaby

The Burnaby Lake, Burnaby real estate market was a Seller's Market in May 2020, with 19 active listings at the start of the month, 4 properties sold, an average sold price of $1,105,875, properties averaging 58 days on market, an absorption rate of 21.1%. 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 Burnaby Lake, Burnaby specialist
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Frequently Asked Questions — Burnaby Lake, Burnaby Market

Last Update: 06/04/2026   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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