Vancouver Heights, Burnaby Condo Market Report – August 2020

Vancouver Heights is a well-established and desirable residential neighbourhood at the northern tip of Burnaby, BC, sitting on a ridge above the Second Narrows and offering some of the finest views of Burrard Inlet, Indian Arm, and the North Shore mountains in the entire Metro Vancouver area. The community features predominantly detached single-family homes on quiet streets with exceptional outlook lots. Confederation Park provides expansive recreational green space with sports facilities, a pool, and walking trails. Hastings Street connects the neighbourhood to East Vancouver and the broader transit network, and the Second Narrows Bridge provides road access to the North Shore. Vancouver Heights is a premium Burnaby neighbourhood with consistently strong demand from buyers seeking views and community character.

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6
Units Sold
$640,883
Avg Sold Price
24d
Avg Days on Market
Strong Seller's Market
Market Condition
20 active at start of month 11 new listings Absorption rate: 30% Highest sold: $789,900 Lowest sold: $575,900

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 6 $640,883 24d
July 2020 month prior 3 +100% $564,633 +13.5% 28d -14.3%

3-Year Price Trend — Vancouver Heights, Burnaby Condo

The Vancouver Heights, Burnaby condo real estate market was a Strong Seller's Market in August 2020, with 20 active listings at the start of the month, 6 properties sold, an average sold price of $640,883, properties averaging 24 days on market, an absorption rate of 30%. 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 Vancouver Heights, Burnaby specialist
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Frequently Asked Questions — Vancouver Heights, Burnaby August 2020

In August 2020, the Vancouver Heights, Burnaby condo real estate market is classified as a Strong Seller's Market with an absorption rate of 30%. It is currently a strong seller's market in Vancouver Heights, Burnaby, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. 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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