Metrotown, Burnaby Market Report – August 2021

Metrotown is Burnaby's premier urban centre and one of Metro Vancouver's most dynamic real estate markets. Anchored by Metropolis at Metrotown — the largest shopping mall in BC — and served by the Metrotown and Patterson SkyTrain stations on the Expo Line, the neighbourhood offers exceptional transit connectivity to downtown Vancouver and beyond. The Metrotown real estate market is dominated by high-rise condos, ranging from studios and one-bedroom units ideal for young professionals to larger suites suited for families and downsizers. Its walkable, urban environment, abundance of restaurants, services, and entertainment options make it one of the most liveable communities in the Lower Mainland. Investors are drawn to Metrotown for its strong rental demand driven by proximity to BCIT, Simon Fraser University, and major employment hubs.

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91
Units Sold
$857,180
Avg Sold Price
31d
Avg Days on Market
Buyer's Market
Market Condition
843 active at start of month 118 new listings Absorption rate: 10.8% Highest sold: $2,460,000 Lowest sold: $455,000

How Does August 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2021 (this report) 91 $857,180 31d
July 2021 month prior 73 +24.7% $892,359 -3.9% 32d -3.1%
August 2020 year ago 55 +65.5% $775,928 +10.5%

3-Year Price Trend — Metrotown, Burnaby

The Metrotown, Burnaby real estate market was a Buyer's Market in August 2021, with 843 active listings at the start of the month, 91 properties sold, an average sold price of $857,180, properties averaging 31 days on market, an absorption rate of 10.8%. 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 Metrotown, Burnaby specialist
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Frequently Asked Questions — Metrotown, Burnaby Market

Last Update: 06/04/2026   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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