Deer Lake is one of Burnaby's most picturesque and culturally rich neighbourhoods, centred around the beautiful Deer Lake Park and its famous arts and cultural precinct. The Shadbolt Centre for the Arts, Burnaby Village Museum, Burnaby Art Gallery, and the scenic Deer Lake foreshore are all within the neighbourhood, giving it a distinctive character unlike any other Burnaby community. Real estate in Deer Lake is dominated by established detached single-family homes on tree-lined streets, often attracting affluent families and downsizers who value the neighbourhood's natural beauty and cultural offerings. The area is generally quieter and more residential in nature than the transit-oriented corridors, with road access via Royal Oak and Sperling avenues connecting residents to Metrotown and Highway 1. Deer Lake's unique combination of parkland, arts amenities, and quality housing makes it a perennially desirable Burnaby neighbourhood.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| October 2021 (this report) | 4 | $3,532,000 | 24d |
| October 2020 year ago | 2 +100% | $2,805,000 +25.9% | — |
In October 2021, the Deer Lake, Burnaby house real estate market is classified as a Buyer's Market with an absorption rate of 9.5%. 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.