Burnaby in September 2026
Burnaby’s composite benchmark price ranged from $877,100 in Burnaby North to $982,400 in Burnaby East in September 2026, with Burnaby South at $972,800 — each sub-area posting year-over-year declines of between 6.3% and 7.4%. Across the three sub-areas combined, 207 homes sold in September 2026: 50 detached, 36 attached/townhouse, and 121 apartment/condo.
GVR does not publish sub-area-specific active listings or months-of-supply figures for Burnaby, so a Burnaby-specific buyer’s/seller’s market determination cannot be shown on this page. For regional context: across Metro Vancouver overall, the sales-to-active listings ratio was 10.9% in September 2026 — below the 12% line under GVR’s own thresholds (below 12% = buyer’s, 12–20% = balanced, above 20% = seller’s) — with active listings sitting 24.3% above their 10-year seasonal average. This is a Metro Vancouver-wide figure, not specific to Burnaby.
Source: Greater Vancouver REALTORS® (GVR), MLS® Home Price Index, September 2026, and GVR news release, October 2, 2026.
New to buying in the Lower Mainland? Read our First-Time Buyer Guide for a step-by-step overview.
Benchmark Prices — Burnaby East, North & South
GVR reports Burnaby as three separate sub-areas in its MLS® Home Price Index rather than one blended figure. All three are shown below so nothing is averaged or estimated.
| Sub-Area | Composite Benchmark | MoM | YoY | Detached | Townhouse | Apartment |
|---|---|---|---|---|---|---|
| Burnaby East | $982,400 | ▼ 0.3% | ▼ 6.3% | $1,694,900 | $857,900 | $708,100 |
| Burnaby North | $877,100 | ▼ 0.7% | ▼ 7.4% | $1,808,500 | $880,400 | $662,400 |
| Burnaby South | $972,800 | ▼ 0.2% | ▼ 7.2% | $1,894,600 | $942,100 | $723,000 |
Source: Greater Vancouver REALTORS® (GVR), MLS® Home Price Index, September 2026. Detached, Townhouse, and Apartment columns show benchmark price by property type within each sub-area; the YoY/MoM figures shown apply to the composite benchmark.
September 2026 Sales & Median Selling Price
Median selling price is a different statistic from benchmark price — median is the midpoint of actual sales in the month, while benchmark is quality-adjusted for a "typical" home. The two should not be compared directly.
| Property Type | Sales | Median Selling Price |
|---|---|---|
| Detached | 50 | $1,825,000 |
| Attached | 36 | $1,002,000 |
| Apartment | 121 | $642,000 |
| Total | 207 | — |
Source: Greater Vancouver REALTORS®, MLS® Sales Facts, September 2026. Figures are combined for Burnaby (East, North, and South sub-areas together); GVR does not report median selling price separately by sub-area.
What's Driving the Market
The following context is Metro Vancouver-wide, per GVR's regional reporting — not specific to Burnaby.
Regional sales momentum: Metro Vancouver recorded 1,717 home sales in September 2026, down 8.4% from September 2025 and 25.0% below the 10-year seasonal average of 2,289. GVR chief economist Andrew Lis noted: “While sales were down about eight per cent overall in September, this figure hides the fact the weakness is contained to the sizeable apartment segment, which typically accounted for half of sales in any given month in recent years.”
Interest rates and qualifying: The Bank of Canada's overnight rate held at 2.25% through mid-2026, with 5-year fixed rates settling around 4.29–4.69%. Buyers still need to qualify under OSFI's B-20 stress test — see our guide to the 2026 stress test rules for how that affects how much you can borrow.
Listings supply: Regionally, new listings were 5,852 in September 2026 (down 10.3% year over year, but 5.7% above the 10-year seasonal average) and active listings were 16,394 (down 4.0% year over year, but 24.3% above the 10-year seasonal average) — meaning sellers are listing at a busier-than-usual pace for the month while buyer demand has softened.
Source: Greater Vancouver REALTORS® (GVR) news release, October 2, 2026.
Key Terms
Burnaby Rents — September 2026
Average asking rent across apartments and condos in Burnaby was $2,548/month in September 2026, according to Rentals.ca, which ranked Burnaby third among the most expensive rental markets outside Canada’s six largest. GVR does not publish a Burnaby sub-area benchmark rent split by bedroom count in this data set, so no 1-bedroom/2-bedroom breakdown is shown here.
Source: Rentals.ca National Rent Report, October 2026 edition (September 2026 data), published October 7, 2026.
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