Government Road, Burnaby Townhouse Market Report – May 2024

Government Road is an active townhouse 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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4
Units Sold
$1,031,250
Avg Sold Price
17d
Avg Days on Market
Balanced Market
Market Condition
31 active at start of month 2 new listings Absorption rate: 12.9% Highest sold: $1,162,000 Lowest sold: $670,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 4 $1,031,250 17d
April 2024 month prior 1 +300% $1,188,000 -13.2% 7d +142.9%
May 2023 year ago 6 -33.3% $990,833 +4.1%

3-Year Price Trend — Government Road, Burnaby Townhouse

The Government Road, Burnaby townhouse real estate market was a Balanced Market in May 2024, with 31 active listings at the start of the month, 4 properties sold, an average sold price of $1,031,250, properties averaging 17 days on market, an absorption rate of 12.9%. 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 Townhouse Market

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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