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Burnaby sits right in the middle of Metro Vancouver, and that's a big part of the appeal. You're about 20 minutes from downtown on SkyTrain, and you usually get more space for your money than you would in Vancouver. (Your commute and your wallet both win.)
Burnaby has a lot of newer homes, and most of the towers sit right on SkyTrain. Here's the quick version:
Prices in Burnaby move with the wider Metro Vancouver market, but the building, the view, the age and the strata's health can swing the value of 2 similar-looking homes by a lot. That's where a local comparison of recent sales makes all the difference.
Want the latest numbers? See How's the Market for this month's prices and what they mean for buyers and sellers.
Every part of Burnaby feels a little different. Here's a quick guide:
| Neighbourhood | What it's like | Great for |
|---|---|---|
| Metrotown | Burnaby's downtown, with high-rise condos around Metropolis and the Expo Line | First-time buyers, downtown commuters |
| Brentwood | Newer towers around The Amazing Brentwood, right on the Millennium Line | Young professionals, first condos |
| Burnaby Heights | Character homes and the Hastings Street village, minutes from East Van | Families who want a walkable main street |
| Capitol Hill | Hillside homes with mountain and inlet views in North Burnaby | Move-up families, view lovers |
| Burnaby Mountain (UniverCity) | Leasehold condos and townhomes next to SFU, surrounded by trails | Hikers, buyers looking for value |
| Edmonds | More affordable condos and townhomes near the Expo Line and Highgate Village | First-time buyers on a budget |
| Deer Lake and Buckingham Heights | Quiet streets, bigger lots and Deer Lake Park close by | Move-up families |
| Lougheed | A fast-growing tower neighbourhood around Lougheed Town Centre and SkyTrain | Commuters heading east or west |
Whether it's your first condo in Metrotown or you're moving up to a house in Burnaby Heights, I'll help you figure out what makes sense and what it's actually worth. Start with my Buyers Guide or Sellers Guide, or get a free home evaluation to see what your place could sell for today.
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Both are SkyTrain neighbourhoods full of high-rise condos, so it comes down to lifestyle. Metrotown is on the Expo Line, about 20 minutes from Waterfront Station with no transfer, and it's built around Metropolis, so shopping and services are everywhere. Brentwood is on the Millennium Line, with lots of newer towers, quick access to Highway 1 and the Hastings Street shops in the Heights nearby. Walk both on a weekend and you'll know which one feels like home.
Take a $700,000 condo as an example. Your minimum down payment would be $45,000 (5% of the first $500,000 plus 10% of the rest). Property transfer tax would be $12,000, or $4,000 if you qualify for the first-time buyer exemption. Budget a little extra for legal fees, an inspection and moving.
From Metrotown, the Expo Line gets you to Waterfront Station in about 20 minutes. From Brentwood, it's about 8 minutes on the Millennium Line to Commercial-Broadway, then a quick transfer to the Expo Line into downtown. Driving depends a lot on traffic, especially on Hastings, Kingsway and Highway 1 at rush hour.
UniverCity is the neighbourhood next to SFU, and the land is owned by the university, so homes there are leasehold, not freehold. That's a big reason they usually sell for less than similar homes elsewhere in Burnaby. You get trails, views and a real community feel. Just check the lease terms, talk to your lender early and be ready for a bit more snow up the hill in winter.
On most single-family lots, yes. Since 2024, most of those lots allow 3 or 4 units depending on lot size, and up to 6 on lots near frequent transit. That can include laneway homes, duplexes, rowhouses and secondary suites. Burnaby scaled back the allowed size and height in late 2025, so check the current zoning and lot details before you write an offer on a house with building plans in mind.
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