Burnaby Real Estate and Rentals Guide 2026: Prices, Neighbourhoods and New Developments

This guide is about prices and developments, not listings. It explains what Burnaby homes cost in 2026, where new towers are going up, and what to watch for if you are buying or renting.

Prices in August 2026

MLS Home Price Index benchmarks, Greater Vancouver Realtors, August 2026:

Burnaby South (Metrotown, South Slope, Big Bend): detached $1,887,800, townhouse $933,600, apartment $731,500 — down 6.9% year over year.
Burnaby North (Heights, Brentwood, Lougheed, the mountain): detached $1,816,500, townhouse $888,200, apartment $669,700 — down 7.8%.
Burnaby East (Edmonds, East Burnaby, Cariboo): detached $1,694,900, townhouse $852,700, apartment $707,600 — down 10.2%.

Burnaby recorded 43 detached, 39 townhouse and 152 apartment sales that month.

BC Assessment's 2026 roll put a typical Burnaby house at $1,959,000 and a typical strata unit at $706,000, both down four per cent on the year.

A spring 2026 condo guide put the average Burnaby condo price at $724,000, with an average of 19 days on market, down from 26 days the previous spring, and an average strata fee of $585 per month. Brentwood towers often run $700 to $1,000 or more.

A separate 2026 mortgage guide put Burnaby benchmarks at condos around $780,000, townhomes around $1,050,000 and detached around $1,850,000. Treat any single figure as a starting point — check the current MLS Home Price Index before you commit.

Rents in 2026

Rental market data as of March 2026 put the overall median rent in Burnaby at $2,427 per month, down 10% year over year.

Typical medians: studio $1,890, 1-bedroom $2,200 to $2,250, 2-bedroom $2,800 to $2,875, 3-bedroom $3,223.

CMHC's October 2025 data put a Burnaby two-bedroom purpose-built rental at $2,147, versus Vancouver's $2,644 — about $500 per month cheaper.

In BC, rent can rise once every 12 months, by no more than the provincial limit: 2.3% for 2026 and 2.2% for 2027.

New developments to watch

Burnaby had 40 presale projects in 2026, from $400,000 to $4.0 million, with 29 selling and 11 coming soon, completing from 2026 onward.

The City of Lougheed — Lougheed Town Centre, by SHAPE
Master-planned community with three SkyTrain lines on site. Tower THREE offers move-in ready homes from $555,900, completed March 2026, with a 5% deposit structure.

NUVO — Metrotown, by Anthem Properties
44-storey tower in Metrotown, from $569,900, completed June 2026, 5% deposit, walkable to SkyTrain.

South Yards — Brentwood / Deer Lake, by Anthem Properties
Phase 1, Tower A, within an 8.3-acre Brentwood masterplan at 4500 Dawson Street — 800 homes from $579,900, 5-minute walk to SkyTrain, targeting 2027. Deposit 10% total: 5% at signing, 5% in 6 months.

Reign Metrotown — Metrotown, by Wesgroup
Two towers, 617 homes at 4366 Beresford Street, 5-minute walk to Metrotown SkyTrain. Homes from $400,000, completing late 2027 to mid-2028.

Concord Metrotown — Metrotown
Current release from $687,800 for a 473 sq ft one-bedroom, homes to 835 sq ft.

Slate — Brentwood, by Beedie Living
45-storey tower at 5180 Lougheed Highway, near Holdom Station. 1-beds from the low $900s, completing in 2026.

Oasis at Concord Brentwood — Brentwood
407 condos, selling, estimated 2027, from $750,000.

Brentwood Block — Brentwood
451 condos, selling, estimated 2029.

Under the zoning bylaw that took effect on July 1, 2026, transit-oriented areas around stations allow eight to twenty storeys with no parking minimums. That is why towers are concentrated around Metrotown, Brentwood, Lougheed and Edmonds stations.

What to check before you buy or rent

• Strata fee and what it covers — Brentwood and Metrotown amenity towers often charge more.
• Deposit structure and completion date for presales — they vary widely.
• Commute — test it on the TransLink trip planner at rush hour.
• School catchment — catchment is determined by your home address. Verify with Burnaby School District's catchment lookup before any move.
• Rent increase limits and tenancy rules — check the BC Residential Tenancy Branch.

Sources: Greater Vancouver Realtors, August 2026; BC Assessment 2026 roll; Presale Properties, Best Presale Condos in Burnaby 2026, November 2026; ViewNewBuild, Burnaby Presale Condos 2026.