Steady Decline in Burnaby House Prices

HIGHLIGHTS Burnaby house prices have rolled back to 2016 levels since the highs of Spring 2018. Burnaby condo prices are also down since their peak. High-end markets like Downtown, West Vancouver, and the Vancouver Westside have been hit harder but surrounding areas are all impacted. There has been a sudden increase in buying interest in the Spring however there are still fewer purchases this year compared to prior years. With an abundance of homes for sale, as we enter the summer months, many sellers will likely accept price concessions rather than wait to re-list next Spring.

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