Capitol Hill BN, Burnaby House Market Report – March 2023

Capitol Hill is one of Burnaby's most established and sought-after hillside neighbourhoods, offering sweeping views of Burrard Inlet, the North Shore mountains, and downtown Vancouver from its elevated vantage point. The neighbourhood is characterized by well-maintained detached single-family homes, many on large lots with significant panoramic view value that commands premium prices in the Burnaby real estate market. Tree-lined streets, proximity to Confederation Park and its outdoor pool and community centre, and a quiet residential atmosphere make Capitol Hill particularly attractive to families and established buyers. The neighbourhood is connected by bus transit to Holdom and Production Way SkyTrain stations, with convenient road access to Hastings Street and Highway 1. Capitol Hill's combination of views, established character, and quality housing stock makes it one of Burnaby's most desirable addresses for families and long-term homeowners.

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5
Units Sold
$2,095,378
Avg Sold Price
21d
Avg Days on Market
Buyer's Market
Market Condition
153 active at start of month 7 new listings Absorption rate: 3.3% Highest sold: $2,520,000 Lowest sold: $1,590,000

How Does March 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
March 2023 (this report) 5 $2,095,378 21d
February 2023 month prior 4 +25% $1,796,975 +16.6% 35d -40%
March 2022 year ago 7 -28.6% $2,178,000 -3.8%

3-Year Price Trend — Capitol Hill BN, Burnaby House

The Capitol Hill BN, Burnaby house real estate market was a Buyer's Market in March 2023, with 153 active listings at the start of the month, 5 properties sold, an average sold price of $2,095,378, properties averaging 21 days on market, an absorption rate of 3.3%. 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 Capitol Hill BN, Burnaby specialist
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Frequently Asked Questions — Capitol Hill BN, Burnaby March 2023

In March 2023, the Capitol Hill BN, Burnaby house real estate market is classified as a Buyer's Market with an absorption rate of 3.3%. 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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