Posted on
October 1, 2026
by
Brad & Theo
Burnaby's new-build multiplex market is a buyer's market: 94 homes for sale against about 7 sales a month, or 14 to 19 months of inventory.
Market snapshot
Measure | Sold (Oct 2025–Sep 2026) | Active (Sept 30, 2026) |
|---|
Number of homes | 81 | 94 |
Median price | $1,750,000 | $1,747,000 |
Price range | $1,095,000–$2,560,000 | $1,299,000–$3,380,000 |
Median size | 2,684 sq. ft. | 2,686 sq. ft. |
Median price per sq. ft. | $678 | $654 |
Median bedrooms | 5 | 5 |
Median days on market | 29 | 42 |
Share at 60+ days on market | 31% | 35% |
Listed in Aug–Sep 2026 | — | 61 of 94 |
Absorption | Last 12 months | Last 3 months |
|---|
Sales per month | 6.8 | 5.0 |
Absorption rate (sales ÷ actives) | 7.2% | 5.3% |
Months of inventory | ~14 | ~19 |
Sales by month
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Sales ran near the average most of the year and hit 10 in both May and July. They fell to 5 in August, just as 28 new listings arrived, and September had no firm sales as of September 30.
By price range
The $1.75M–$2M range is the most balanced; homes over $2.25M have about two years of supply.
Price range | Sold, last 12 months | Active now | Months of inventory |
|---|
Up to $1.5M | 14 | 20 | ~17 |
$1.5M–$1.75M | 27 | 30 | ~13 |
$1.75M–$2.0M | 22 | 19 | ~10 |
$2.0M–$2.25M | 11 | 11 | ~12 |
Over $2.25M | 7 | 14 | ~24 |
All | 81 | 94 | ~14 |
Only four homes sold for under $1.2 million all year ($1,095,000 to $1,160,000). The lowest-priced active listing is $1,299,000.
By area
North Burnaby commands the highest price per square foot; East Burnaby has the most supply relative to sales.
Area | Sold | Median sold price | Median sold $/sq. ft. | Active | Months of inventory | Median days on market (active) |
|---|
North Burnaby | 35 | $1,950,000 | $699 | 40 | ~14 | 41 |
South Burnaby | 36 | $1,650,000 | $656 | 37 | ~12 | 79 |
East Burnaby | 10 | $1,866,667 | $610 | 17 | ~20 | 21 |
By size
Smaller homes sell for far more per square foot, and the larger homes on the market now have been listed longest (median 58 days for 3,000+ sq. ft. versus 21 days under 2,000).
Size | Sold | Median sold price | Median sold $/sq. ft. | Active | Median asking $/sq. ft. |
|---|
Under 2,000 sq. ft. | 10 | $1,282,500 | $815 | 23 | $832 |
2,000–2,499 sq. ft. | 10 | $1,599,900 | $728 | 17 | $693 |
2,500–2,999 sq. ft. | 40 | $1,757,500 | $652 | 25 | $614 |
3,000+ sq. ft. | 21 | $2,175,000 | $633 | 29 | $603 |
By quarter
Quarter sold | Homes sold | Median price | Median size | Median $/sq. ft. |
|---|
Jul–Sep 2026 | 15 | $1,628,000 | 2,376 sq. ft. | $699 |
Apr–Jun 2026 | 26 | $1,675,000 | 2,653 sq. ft. | $664 |
Jan–Mar 2026 | 19 | $1,850,000 | 2,692 sq. ft. | $634 |
Oct–Dec 2025 | 21 | $2,010,000 | 2,714 sq. ft. | $702 |
Sale price vs. asking price
The median home sold for 96.6% of its final asking price, and the gap has widened since spring.
Period (offer accepted) | Sales reviewed | Median sale-to-list |
|---|
Apr–Sep 2026 | 26 | 96.0% |
Oct 2025–Mar 2026 | 14 | 97.7% |
All | 40 | 96.6% |
Only 3 of the 40 sold at or above asking. Based on sales up to about $1.96 million; asking price is the final list price, so earlier price reductions are not included.
About this data
Source: MLS® data from Greater Vancouver REALTORS®, compiled by Brad & Theo Gannon.
New construction (built 2024–2026) half-duplex, triplex and fourplex homes in Burnaby with three or more bedrooms.
Active listings as of September 30, 2026. Sales from October 2025 to September 2026; sale months are estimated from list date plus days on market.
Figures are medians unless noted. Price per square foot uses total floor area as reported on MLS®. Months of inventory = active listings ÷ average monthly sales.
Information deemed reliable but not guaranteed.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.