Housing prices throughout Burnaby saw a mixed bag last month, according to a new report from Greater Vancouver Realtors.
The organization said the entire Metro Vancouver area saw a large spike in newly listed properties in January, up 46 per cent year-over-year with 5,566 detached, attached and apartment properties listed for sale.
Meanwhile, sales in the region totalled 1,552.
“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year,” said Andrew Lis, Greater Vancouver Realtors' director of economics and data analytics, in the report.
“With new listings outpacing demand to start 2025, price trends saw little fluctuation in January across all segments, with the market overall standing in balanced conditions."
Residential homes in Burnaby East hit a benchmark price of $1,128,700 (-0.2 per cent compared to December) while Burnaby North came in at $993,700 (+0.7) and $1,121,300 was recorded in Burnaby South (-0.1).
Single-family detached homes saw a benchmark price in Burnaby East of $1,957,200 (no change), $2,147,700 (+0.7) in Burnaby North and $2,155,100 (+1.0) in Burnaby South.
Areas covered by Greater Vancouver Realtors include Burnaby, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, North Vancouver, Pitt Meadows, Richmond, South Delta, Squamish, Bowen Island, Sunshine Coast, Vancouver, West Vancouver and Whistler.
