Forest Hills BN, Burnaby Market Report – January 2022

Forest Hills is a quiet, forested neighbourhood in north Burnaby, BC, nestled on the slopes of Burnaby Mountain and known for its spacious single-family homes, mature tree canopy, and exceptional access to outdoor recreation. The neighbourhood borders the SFU Burnaby Mountain campus and the Burnaby Mountain Conservation Area, making it a favourite among academics, nature lovers, and families who prioritize green space and a peaceful residential setting. Homes in Forest Hills tend to be larger detached properties on generous lots, often with partial mountain or city views, making them among the more distinctive and desirable in north Burnaby. Road access via Gaglardi Way and Hastings Street connects residents to Coquitlam, New Westminster, and the Trans-Canada Highway. Forest Hills offers a rare combination of mountain proximity, academic community ties, and quiet suburban living within the City of Burnaby.

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4
Units Sold
$1,255,750
Avg Sold Price
7d
Avg Days on Market
Balanced Market
Market Condition
27 active at start of month 4 new listings Absorption rate: 14.8% Highest sold: $2,488,000 Lowest sold: $835,000

How Does January 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
January 2022 (this report) 4 $1,255,750 7d
December 2021 month prior 3 +33.3% $1,355,833 -7.4% 77d -90.9%
January 2021 year ago 2 +100% $645,000 +94.7%

3-Year Price Trend — Forest Hills BN, Burnaby

The Forest Hills BN, Burnaby real estate market was a Balanced Market in January 2022, with 27 active listings at the start of the month, 4 properties sold, an average sold price of $1,255,750, properties averaging 7 days on market, an absorption rate of 14.8%. 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 Forest Hills BN, Burnaby specialist
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Frequently Asked Questions — Forest Hills BN, Burnaby January 2022

In January 2022, the Forest Hills BN, Burnaby real estate market is classified as a Balanced Market with an absorption rate of 14.8%. The market in Forest Hills BN, Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/05/2026   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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