Burnaby Townhouse Market Report – November 2022

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

28 townhouse properties sold in Burnaby during November 2022 based on MLS® records. There were 827 active listings at the start of the month. A total of 33 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 November 2022 was $993,789. Sold prices ranged from $650,000 to $1,558,000. Data is sourced from MLS® board records.

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

In November 2022, townhouse properties in Burnaby averaged 26 days on the market before selling. With an absorption rate of 3.4%, the market is currently a Buyer's 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 November 2022 was $993,789, up 10.9% year-over-year compared to November 2021 ($895,735). Sales volume was down 48.1% 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.

← October 2022 Next month →

Units Sold

$993,789

Avg Sold Price

26d

Avg Days on Market

Buyer's Market

Market Condition

827 active at start of month 33 new listings Absorption rate: 3.4% Highest sold: $1,558,000 Lowest sold: $650,000

How Does November 2022 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
November 2022 (this report)	28	$993,789	26d
October 2022 month prior	37 -24.3%	$907,202 +9.5%	22d +18.2%
November 2021 year ago	54 -48.1%	$895,735 +10.9%	—

3-Year Price Trend — Burnaby Townhouse

The Burnaby townhouse real estate market was a Buyer's Market in November 2022, with 827 active listings at the start of the month, 28 properties sold, an average sold price of $993,789, properties averaging 26 days on market, an absorption rate of 3.4%. 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 November 2022

Is it a good time to buy in Burnaby? −

In November 2022, the Burnaby townhouse real estate market is classified as a Buyer's Market with an absorption rate of 3.4%. 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.

How many homes sold in Burnaby in November 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.