Forest Hills BN, Burnaby Townhouse Market Report – April 2023

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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5
Units Sold
$844,300
Avg Sold Price
10d
Avg Days on Market
Balanced Market
Market Condition
38 active at start of month 5 new listings Absorption rate: 13.2% Highest sold: $1,045,500 Lowest sold: $720,000

How Does April 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
April 2023 (this report) 5 $844,300 10d
March 2023 month prior 5 +0% $975,000 -13.4% 12d -16.7%
April 2022 year ago 3 +66.7% $1,151,800 -26.7%

3-Year Price Trend — Forest Hills BN, Burnaby Townhouse

The Forest Hills BN, Burnaby townhouse real estate market was a Balanced Market in April 2023, with 38 active listings at the start of the month, 5 properties sold, an average sold price of $844,300, properties averaging 10 days on market, an absorption rate of 13.2%. 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 April 2023

In April 2023, the Forest Hills BN, Burnaby townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.2%. 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: 06/03/2026   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.

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