Central BN, Burnaby Market Report – August 2022

Burnaby Hospital area is a central Burnaby residential neighbourhood surrounding the Burnaby Hospital campus on Kaslo Street, featuring a mix of detached single-family homes, duplexes, and low-rise condos that benefit from strong transit access and central location. The neighbourhood is close to the Production Way SkyTrain station and the major commercial areas of Lake City Way and Lougheed Highway. Several parks and the Still Creek green corridor provide neighbourhood green space. The area attracts healthcare workers, families, and investors who value central Burnaby's accessibility to both the SkyTrain Millennium Line and the Lougheed commercial district. Central Burnaby real estate consistently offers better value per square foot than comparable Vancouver neighbourhoods.

← July 2022 Next month →
4
Units Sold
$1,271,000
Avg Sold Price
51d
Avg Days on Market
Buyer's Market
Market Condition
208 active at start of month 7 new listings Absorption rate: 1.9% Highest sold: $1,560,000 Lowest sold: $828,000

How Does August 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2022 (this report) 4 $1,271,000 51d
July 2022 month prior 3 +33.3% $756,000 +68.1% 32d +59.4%
August 2021 year ago 12 -66.7% $961,399 +32.2%

3-Year Price Trend — Central BN, Burnaby

The Central BN, Burnaby real estate market was a Buyer's Market in August 2022, with 208 active listings at the start of the month, 4 properties sold, an average sold price of $1,271,000, properties averaging 51 days on market, an absorption rate of 1.9%. 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 Central BN, Burnaby specialist
Get your home value ›

Frequently Asked Questions — Central BN, 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.

★★★★★ 4.8 / 5  —  700+ Google Reviews Read Reviews →