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.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| December 2023 (this report) | 5 | $1,402,200 | 46d |
| November 2023 month prior | 5 +0% | $1,391,378 +0.8% | 46d +0% |
| December 2022 year ago | 2 +150% | $1,107,500 +26.6% | — |
In December 2023, the Central BN, Burnaby real estate market is classified as a Buyer's Market with an absorption rate of 1.9%. 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: 06/04/2026 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.