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.
| Period | Units Sold | Avg Sold Price | Avg DOM |
|---|---|---|---|
| February 2023 (this report) | 43 | $837,367 | 48d |
| January 2023 month prior | 33 +30.3% | $806,177 +3.9% | 44d +9.1% |
| February 2022 year ago | 87 -50.6% | $802,293 +4.4% | — |
In February 2023, the Metrotown, Burnaby condo real estate market is classified as a Buyer's Market with an absorption rate of 3.6%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. 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.