Burnaby Condo Market Report – August 2021

Q: How many homes sold in Burnaby in August 2021?

257 condo properties sold in Burnaby during August 2021 based on MLS® records. There were 2,595 active listings at the start of the month. A total of 351 new listings came to market during the month.

Q: What is the average home price in Burnaby?

The average condo sold price in Burnaby in August 2021 was $709,580. Sold prices ranged from $338,000 to $1,589,900. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Burnaby?

In August 2021, condo properties in Burnaby averaged 30 days on the market before selling. With an absorption rate of 9.9%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Burnaby market changed compared to last year?

The average condo sold price in Burnaby in August 2021 was $709,580, up 13.1% year-over-year compared to August 2020 ($627,568). Sales volume was up 9.8% compared to the same month last year. Data is sourced from MLS® sold records.

Burnaby is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Burnaby based on MLS® data.

← July 2021 Next month →

257

Units Sold

$709,580

Avg Sold Price

30d

Avg Days on Market

Buyer's Market

Market Condition

2,595 active at start of month 351 new listings Absorption rate: 9.9% Highest sold: $1,589,900 Lowest sold: $338,000

How Does August 2021 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
August 2021 (this report)	257	$709,580	30d
July 2021 month prior	251 +2.4%	$658,639 +7.7%	25d +20%
August 2020 year ago	234 +9.8%	$627,568 +13.1%	—

3-Year Price Trend — Burnaby Condo

The Burnaby condo real estate market was a Buyer's Market in August 2021, with 2,595 active listings at the start of the month, 257 properties sold, an average sold price of $709,580, properties averaging 30 days on market, an absorption rate of 9.9%. All data is sourced from MLS® sold records.

Recently Sold in Burnaby

4485 Skyline Drive

Sold $620,000

1 bd • 1 ba • Apartment

4890 Lougheed Highway

Sold $565,000

1 bd • 1 ba • Apartment

7579 16th Street

Sold $660,000

2 bd • 2 ba • Apartment

2345 Madison Avenue

Sold $522,000

1 bd • 1 ba • Apartment

4808 Hazel Street

Sold $999,900

3 bd • 2 ba • Apartment

7131 Stride Avenue

Sold $575,000

1 bd • 1 ba • Apartment

Active Listings in Burnaby

4657 Hazel Street

$749,999

2 bd • 2 ba • Apartment

4168 Lougheed Highway

$849,000

2 bd • 2 ba • Apartment

5288 Grimmer Street

$649,000

2 bd • 2 ba • Apartment

3888 Evergreen Place

$769,000

2 bd • 2 ba • Apartment

5333 Goring Street

$579,000

1 bd • 1 ba • Apartment

3888 Evergreen Place

$545,000

1 bd • 1 ba • Apartment

Top Buildings in Burnaby

Solo District

1,350 units

The Grove Tower 1

948 units

Concord Brentwood Hillside West Tower 1

892 units

Kings Crossing

803 units

Contour

733 units

Reign by Wesgroup

733 units

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Burnaby specialist

Get your home value ›

All Types Condos Houses Townhouses

Related: Burnaby Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Burnaby August 2021

Is it a good time to buy in Burnaby? −

In August 2021, the Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 9.9%. 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.

How many homes sold in Burnaby in August 2021? +

What is the average home price in Burnaby? +

How long are homes sitting on the market in Burnaby? +

How has the Burnaby market changed compared to last year? +

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.