South Slope, Burnaby Market Report – August 2022

Greentree Village is a residential neighbourhood in south Burnaby, BC, featuring a mix of townhouses, low-rise condos, and some remaining single-family homes in a central location between Edmonds and Metrotown. The area is well-served by transit, with Edmonds SkyTrain station on the Expo Line providing fast connections to downtown Vancouver and New Westminster. Nearby Central Park — Burnaby's largest urban park — offers expansive green space, sports courts, a pitch-and-putt golf course, and Swangard Stadium. The Metrotown district and its extensive shopping, dining, and entertainment options are a short bus or SkyTrain ride away. Greentree Village provides solid value within south Burnaby's active real estate market.

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16
Units Sold
$1,345,519
Avg Sold Price
36d
Avg Days on Market
Buyer's Market
Market Condition
394 active at start of month 21 new listings Absorption rate: 4.1% Highest sold: $3,699,800 Lowest sold: $517,000

How Does August 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2022 (this report) 16 $1,345,519 36d
July 2022 month prior 19 -15.8% $946,479 +42.2% 21d +71.4%
August 2021 year ago 30 -46.7% $1,054,007 +27.7%

3-Year Price Trend — South Slope, Burnaby

The South Slope, Burnaby real estate market was a Buyer's Market in August 2022, with 394 active listings at the start of the month, 16 properties sold, an average sold price of $1,345,519, properties averaging 36 days on market, an absorption rate of 4.1%. 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 South Slope, Burnaby specialist
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Frequently Asked Questions — South Slope, Burnaby August 2022

In August 2022, the South Slope, Burnaby real estate market is classified as a Buyer's Market with an absorption rate of 4.1%. 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.

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