Central BN, Burnaby Market Report – July 2021

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.

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11
Units Sold
$1,009,717
Avg Sold Price
47d
Avg Days on Market
Buyer's Market
Market Condition
135 active at start of month 31 new listings Absorption rate: 8.1% Highest sold: $1,338,888 Lowest sold: $596,000

How Does July 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2021 (this report) 11 $1,009,717 47d
June 2021 month prior 11 +0% $1,072,864 -5.9% 51d -7.8%
July 2020 year ago 12 -8.3% $815,133 +23.9%

3-Year Price Trend — Central BN, Burnaby

The Central BN, Burnaby real estate market was a Buyer's Market in July 2021, with 135 active listings at the start of the month, 11 properties sold, an average sold price of $1,009,717, properties averaging 47 days on market, an absorption rate of 8.1%. 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 Central BN, Burnaby specialist
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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.

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