Burnaby Townhouse Market Report – March 2022

Q: How many homes sold in Burnaby in March 2022?

79 townhouse properties sold in Burnaby during March 2022 based on MLS® records. There were 602 active listings at the start of the month. A total of 82 new listings came to market during the month.

Q: What is the average home price in Burnaby?

The average townhouse sold price in Burnaby in March 2022 was $1,013,467. Sold prices ranged from $475,000 to $1,869,900. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Burnaby?

In March 2022, townhouse properties in Burnaby averaged 11 days on the market before selling. With an absorption rate of 13.1%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

Q: How has the Burnaby market changed compared to last year?

The average townhouse sold price in Burnaby in March 2022 was $1,013,467, up 21.5% year-over-year compared to March 2021 ($833,796). Sales volume was down 34.2% compared to the same month last year. Data is sourced from MLS® sold records.

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

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Units Sold

$1,013,467

Avg Sold Price

11d

Avg Days on Market

Balanced Market

Market Condition

602 active at start of month 82 new listings Absorption rate: 13.1% Highest sold: $1,869,900 Lowest sold: $475,000

How Does March 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
March 2022 (this report)	79	$1,013,467	11d
February 2022 month prior	49 +61.2%	$1,027,664 -1.4%	11d +0%
March 2021 year ago	120 -34.2%	$833,796 +21.5%	—

3-Year Price Trend — Burnaby Townhouse

The Burnaby townhouse real estate market was a Balanced Market in March 2022, with 602 active listings at the start of the month, 79 properties sold, an average sold price of $1,013,467, properties averaging 11 days on market, an absorption rate of 13.1%. All data is sourced from MLS® sold records.

Recently Sold in Burnaby

2713 Ellerslie Avenue

Sold $720,000

3 bd • 1 ba • Townhouse

5822 Patterson Avenue

Sold $1,110,000

2 bd • 3 ba • Townhouse

4458 Albert Street

Sold $887,000

2 bd • 3 ba • Townhouse

3888 Norfolk Street

Sold $745,000

2 bd • 2 ba • Townhouse

4855 Venables Street

Sold $1,248,000

4 bd • 4 ba • Townhouse

2969 Mira Place

Sold $947,000

3 bd • 3 ba • Townhouse

Active Listings in Burnaby

7388 Macpherson Avenue

$775,000

2 bd • 2 ba • Townhouse

355 Duthie Avenue

$788,000

2 bd • 3 ba • Townhouse

9110 Centaurus Circle

$629,000

2 bd • 2 ba • Townhouse

9133 Government Street

$1,399,000

4 bd • 4 ba • Townhouse

3888 Norfolk Street

$775,000

2 bd • 2 ba • Townhouse

7184 Stride Avenue

$648,800

2 bd • 1 ba • Townhouse

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Burnaby specialist

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Related: Burnaby Townhouse Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Burnaby March 2022

Is it a good time to buy in Burnaby? −

In March 2022, the Burnaby townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.1%. The market in Burnaby is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Burnaby in March 2022? +

What is the average home price in Burnaby? +

How long are homes sitting on the market in Burnaby? +

How has the Burnaby market changed compared to last year? +

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.