Buyers currently have more choice in Burnaby's multi-family market, with homes taking longer to sell. In the past 30 days, 12 multi-family properties sold across Burnaby at an average sold price of $1,772,917. Multi-family properties are selling in an average of 37 days on the market. The absorption rate is 6.7% — meaning 6.7% of active multi-family inventory sells each month. Average multi-family prices in Burnaby are up 6.6% compared to the 90-day average of $1,663,111. If you're considering buying a multi-family property in Burnaby, you have more time to negotiate — though well-priced homes still attract attention.
