Government Road, Burnaby Condo Market Report – May 2021

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

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7
Units Sold
$496,257
Avg Sold Price
10d
Avg Days on Market
Seller's Market
Market Condition
33 active at start of month 13 new listings Absorption rate: 21.2% Highest sold: $558,000 Lowest sold: $425,000

How Does May 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2021 (this report) 7 $496,257 10d
April 2021 month prior 15 -53.3% $508,760 -2.5% 21d -52.4%

3-Year Price Trend — Government Road, Burnaby Condo

The Government Road, Burnaby condo real estate market was a Seller's Market in May 2021, with 33 active listings at the start of the month, 7 properties sold, an average sold price of $496,257, properties averaging 10 days on market, an absorption rate of 21.2%. 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 Government Road, Burnaby specialist
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Frequently Asked Questions — Government Road, Burnaby May 2021

In May 2021, the Government Road, Burnaby condo real estate market is classified as a Seller's Market with an absorption rate of 21.2%. It is currently a seller's market in Government Road, Burnaby. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 07/17/2026   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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