Burnaby housing prices were scattered last month, according to a new report from Greater Vancouver Realtors.
Residential properties in Burnaby East hit a benchmark price of $1,139,200, up 0.9 per cent from February while Burnaby North saw prices hit $981,700 (-1.2).
Burnaby South came in at $1,116,000 (-0.5).
When it comes to single-family detached houses, Burnaby North's benchmark price surpassed $2 million at $2,085,400 (-2.9); it was $2,207,300 in Burnaby South (-2.1).
Burnaby East came in at under $2 million at $1,959,700 (+0.1).
Across Metro Vancouver, there were 1,827 sales in February which equated to an 11.7% drop compared to the 2,070 sales in February of 2024.
“After the rush of new listings in January, home sales and new listings in February were closer to historical averages, which has positioned the overall market in balanced conditions,” GVR director of economics and data analytics Andrew Lis said in a news release.
“With a potential Bank of Canada rate cut on the table for mid-March, homebuyers may find slightly improved borrowing conditions while enjoying the largest selection of homes on the market since pre-pandemic times."
Data showed there was an increase of listings last month compared to the same time period last year with 5,057 listed compared to 4,560 (+10.9%).
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.
