First time buyers

Home Price Index

Home Price Index for condo units in Burnaby in August 2018 (see graph below)

Burnaby East: $782,800 | +6.8% (change since August 2017)

Burnaby North: $650,900 | +15.0% (change since August 2017)

Burnaby South: $717,800 | +10.9% (change since August 2017)

Average Sales Price

Average Sales Price for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: $531,500 | +12.5% (change since August 2017)

Burnaby North: $470,105 | -0.2% (change since August 2017)

Burnaby South: $491,673 | +6.3% (change since August 2017)

Average Percent of Original Price

Average Percent of Original Asking Price for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: 93.8% | -5.2% (change since August 2017)

Burnaby North: 98.1% | -6.7% (change since August 2017)

Burnaby South: 98.0% | -5.9% (change since August 2017)

Average Price Per Square Foot

Average Price per Square Foot for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: $824 | +11.8% (change since August 2017)

Burnaby North: $723 | +2.3% (change since August 2017)

Burnaby South: $821 | +12.3% (change since August 2017)

Total Inventory

Total Inventory for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: 6 | -62.5% (change since August 2017)

Burnaby North: 35 | +52.2% (change since August 2017)

Burnaby South: 77 | +75.0% (change since August 2017)

New Listings

New Listings for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: 2 | -77.8% (change since August 2017)

Burnaby North: 24 | -11.1% (change since August 2017)

Burnaby South: 39 | -17.0% (change since August 2017)

Sales

Total Sales for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: 2 | -50.0% (change since August 2017)

Burnaby North: 20 | -33.3% (change since August 2017)

Burnaby South: 26 | -36.6% (change since August 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio for one bedroom and studio condo units in Burnaby in August 2018 (see graph below)

Burnaby East: 0.333 | +33.2% (change since August 2017)

Burnaby North: 0.571 | -56.2% (change since August 2017)

Burnaby South: 0.338 | -63.7% (change since August 2017)

MLS Home Price Index

MLS Home Price Index of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: $1,529,200 | -2.3% (change since August 2017)

Vancouver West: $3,278,500 | -10.3% (change since August 2017)

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: $1,595,193 | -0.4% (change since August 2017)

Vancouver West: $3,377,478 | -22.0% (change since August 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: 94.9% | -2.6% (change since August 2017)

Vancouver West: 89.0% | -6.9% (change since August 2017)

Total Inventory

Total Inventory of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: 849 | +4.0% (change since August 2017)

Vancouver West: 821 | -2.0% (change since August 2017)

New Listings

New Listings of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: 172 | -17.7% (change since August 2017)

Vancouver West: 165 | -15.8% (change since August 2017)

Total Sales

Sales of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: 58 | -49.6% (change since August 2017)

Vancouver West: 59 | +13.5% (change since August 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of detached houses in Vancouver BC in August 2018 (see graph below)

Vancouver East: 0.068 | -51.8% (change since August 2017)

Vancouver West: 0.072 | +16.1% (change since August 2017)

Home Price Index

Home Price Index for condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: $1,186,300 | +17.4% (change since August 2017)

Downtown VW: $700,100 | +0.6% (change since August 2017)

West End: $667,100 | +2.5% (change since August 2017)

Yaletown: $912,700 | +6.8% (change since August 2017)

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: $759,750 | +5.2% (change since August 2017)

Downtown VW: $683,508 | +4.9% (change since August 2017)

West End: $569,472 | -0.5% (change since August 2017)

Yaletown: $729,947 | -3.3% (change since August 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: 94.5% | -6.0% (change since August 2017)

Downtown VW: 97.3% | -5.5% (change since August 2017)

West End: 95.9% | -7.1% (change since August 2017)

Yaletown: 97.8% | 0.0% (change since August 2017)

Average Price Per Square Foot

Average Price Per Square Foot of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: $1,200 | -0.1% (change since August 2017)

Downtown VW: $1,115 | +1.6% (change since August 2017)

West End: $907 | -6.5% (change since August 2017)

Yaletown: $1,204 | +5.1% (change since August 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: 16 | 0.0% (change since August 2017)

Downtown VW: 118 | +81.5% (change since August 2017)

West End: 46 | +9.5% (change since August 2017)

Yaletown: 47 | +67.9% (change since August 2017)

New Listings

New Listings of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: 16 | 0.0% (change since August 2017)

Downtown VW: 118 | +81.5% (change since August 2017)

West End: 46 | +9.5% (change since August 2017)

Yaletown: 47 | +67.9% (change since August 2017)

Total Sales

Sales of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: 4 | -63.6% (change since August 2017)

Downtown VW: 41 | -37.9% (change since August 2017)

West End: 18 | -43.8% (change since August 2017)

Yaletown: 19 | -20.8% (change since August 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condo units in downtown Vancouver in August 2018 (see graph below)

Coal Harbour: 0.250 | -63.7% (change since August 2017)

Downtown VW: 0.347 | -65.8% (change since August 2017)

West End: 0.391 | -48.7% (change since August 2017)

Yaletown: 0.404 | -52.9% (change since August 2017)

Average Sales Price

Average Sales Price for one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: $477,972 | +11.3% (change since April 2017)

Burnaby North: $515,380 | +22.4% (change since April 2017)

Burnaby South: $506,238 | +16.4% (change since April 2017)

Average Percent of Original Price

Average Percent of Original Asking Price for one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 100.8% | -4.6% (change since April 2017)

Burnaby North: 104.5% | +3.0% (change since April 2017)

Burnaby South: 101.5% | -1.3% (change since April 2017)

Average Listing to Contract Days

Average Listings to Contract Days for one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 12 | +33.3% (change since April 2017)

Burnaby North: 9 | -43.8% (change since April 2017)

Burnaby South: 23 | +76.9% (change since April 2017)

Average Price Per Square Foot

Average Price Per Square Foot for one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: $840 | +27.1% (change since April 2017)

Burnaby North: $782 | +24.1% (change since April 2017)

Burnaby South: $802 | +18.3% (change since April 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 4 | -60.0% (change since April 2017)

Burnaby North: 26 | -21.2% (change since April 2017)

Burnaby South: 38 | +18.8% (change since April 2017)

New Listings

New Listings of one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 4 | -33.3% (change since April 2017)

Burnaby North: 34 | -5.6% (change since April 2017)

Burnaby South: 41 | +5.1% (change since April 2017)

Sales

Total Sales of one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 6 | +20.0% (change since April 2017)

Burnaby North: 25 | -21.9% (change since April 2017)

Burnaby South: 21 | -46.2% (change since April 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio for one bedroom and studio condo units in Burnaby in April 2018 (see graph below)

Burnaby East: 1.500 | +200.0% (change since April 2017)

Burnaby North: 0.962 | -0.8% (change since April 2017)

Burnaby South: 0.553 | -53.2% (change since April 2017)

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: $907,650 | +18.0% (change since April 2017)

Downtown VW: $693,795 | +13.9% (change since April 2017)

West End: $615,536 | -15.2% (change since April 2017)

Yaletown: $793,317 | +15.2% (change since April 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 98.5% | -3.7% (change since April 2017)

Downtown VW: 101.0% | -1.3% (change since April 2017)

West End: 102.3% | -0.4% (change since April 2017)

Yaletown: 100.2% | -2.2% (change since April 2017)

Average Listing to Contract Days

Average Listing to Contract Day of one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 17 | -15.0% (change since April 2017)

Downtown VW: 12 | -50.0% (change since April 2017)

West End: 16 | -15.8% (change since April 2017)

Yaletown: 12 | -36.8% (change since April 2017)

Average Price Per Square Foot

Average Price Per Square Foot of one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: $1,398 | +20.6% (change since April 2017)

Downtown VW: $1,209 | +15.8% (change since April 2017)

West End: $1,022 | +9.5% (change since April 2017)

Yaletown: $1,200 | +8.5% (change since April 2017)

Total Inventory

Total Inventory for one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 20 | +100.0% (change since April 2017)

Downtown VW: 88 | -31.8% (change since April 2017)

West End: 36 | +38.5% (change since April 2017)

Yaletown: 41 | +32.3% (change since April 2017)

New Listings

Total New Listings for one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 17 | +112.5% (change since April 2017)

Downtown VW: 92 | +61.4% (change since April 2017)

West End: 43 | +72.0% (change since April 2017)

Yaletown: 40 | +25.0% (change since April 2017)

Total Sales

Total Sales for one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 12 | +33.3% (change since April 2017)

Downtown VW: 43 | -21.8% (change since April 2017)

West End: 28 | +47.4% (change since April 2017)

Yaletown: 22 | -8.3% (change since April 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio for one bedroom and studio condo units in downtown Vancouver in April 2018 (see graph below)

Coal Harbour: 0.600 | -33.3% (change since April 2017)

Downtown VW: 0.489 | +14.8% (change since April 2017)

West End: 0.778 | +6.4% (change since April 2017)

Yaletown: 0.537 | -30.6% (change since April 2017)

Here is a real estate market update for the detached housing market in Vancouver BC in March 2018.

MLS Home Price Index

MLS Home Price Index of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: $1,553,100 | +6.9% (change since March 2017)

Vancouver West: $3,449,000 | -0.4% (change since March 2017)

Average Sales Price

Average Sales Price of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: $1,659,897 | +4.8% (change since March 2017)

Vancouver West: $3,365,564 | -11.3% (change since March 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: 96.9% | -1.6% (change since March 2017)

Vancouver West: 93.2% | -2.9% (change since March 2017)

Total Inventory

Total Inventory for detached housing market in Vancouver BC in March 2018 (see graph below)

Vancouver East: 725 | +2.7% (change since March 2017)

Vancouver West: 810 | +29.0% (change since March 2017)

New Listings

New Listings of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: 240 | -9.1% (change since March 2017)

Vancouver West: 231 | +17.9% (change since March 2017)

Sales

Total Sales of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: 84 | -46.2% (change since March 2017)

Vancouver West: 53 | -42.4% (change since March 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of detached houses in Vancouver BC in March 2018 (see graph below)

Vancouver East: 0.116 | -47.5% (change since March 2017)

Vancouver West: 0.065 | -55.5% (change since March 2017)

Here is a real estate market update for 1 bedroom and studio condo units in downtown Vancouver for March 2018.

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: $825,500 | +21.4% (change since March 2017)

Downtown VW: $706,666 | +27.6% (change since March 2017)

West End: $626,924 | +17.7% (change since March 2017)

Yaletown: $775,418 | +17.9% (change since March 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: 101.1% | +2.4% (change since March 2017)

Downtown VW: 101.9% | +1.5% (change since March 2017)

West End: 103.8% | +0.5% (change since March 2017)

Yaletown: 102.1% | +0.4% (change since March 2017)

Average Price Per Square Foot

Average Price Per Square Foot of one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: $1,423 | +27.9% (change since March 2017)

Downtown VW: $1,224 | +29.8% (change since March 2017)

West End: $1,031 | +13.9% (change since March 2017)

Yaletown: $1,219 | +16.0% (change since March 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: 19 | +58.3% (change since March 2017)

Downtown VW: 73 | -50.0% (change since March 2017)

West End: 28 | +21.7% (change since March 2017)

Yaletown: 41 | -6.8% (change since March 2017)

New Listings

New Listings of one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: 15 | +25.0% (change since March 2017)

Downtown VW: 75 | +11.9% (change since March 2017)

West End: 35 | +12.9% (change since March 2017)

Yaletown: 43 | +4.9% (change since March 2017)

Sales

Total Sales for one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: 6 | -50.0% (change since March 2017)

Downtown VW: 47 | -24.2% (change since March 2017)

West End: 23 | -20.7% (change since March 2017)

Yaletown: 26 | -16.1% (change since March 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio for one bedroom and studio condo units in downtown Vancouver in March 2018 (see graph below)

Coal Harbour: 0.316 | -68.4% (change since March 2017)

Downtown VW: 0.644 | +51.5% (change since March 2017)

West End: 0.821 | -34.9% (change since March 2017)

Yaletown: 0.634 | -10.1% (change since March 2017)

Home Price Index

Home price index for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: $706,700 | +29.6% (change since February 2017)

Burnaby North: $642,500 | +28.4% (change since February 2017)

Burnaby South: $710,100 | +26.4% (change since February 2017)

Average Sales Price

Average Sales Price for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: $544,400 | +44.8% (change since February 2017)

Burnaby North: $478,723 | +36.3% (change since February 2017)

Burnaby South: $507,538 | +15.4% (change since February 2017)

Average Percent of Original Price

Average Percent of Original Price for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 106.6% | +6.4% (change since February 2017)

Burnaby North: 105.1% | +5.2% (change since February 2017)

Burnaby South: 104.9% | +5.6% (change since February 2017)

Average Price Per Square Foot

Average Price Per Square Foot for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: $803 | +30.8% (change since February 2017)

Burnaby North: $724 | +33.6% (change since February 2017)

Burnaby South: $823 | +16.7% (change since February 2017)

Total Inventory

Total Inventory for one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 5 | +150.0% (change since February 2017)

Burnaby North: 9 | -78.6% (change since February 2017)

Burnaby South: 28 | -17.6% (change since February 2017)

New Listings

New Listings of one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 5 | +66.7% (change since February 2017)

Burnaby North: 17 | -54.1% (change since February 2017)

Burnaby South: 22 | 0.0% (change since February 2017)

Sales

Total Sales of one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 5 | +150.0% (change since February 2017)

Burnaby North: 22 | -21.4% (change since February 2017)

Burnaby South: 23 | +27.8% (change since February 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condo units in Burnaby in February 2018 (see graph below)

Burnaby East: 1.000 | 0.0% (change since February 2017)

Burnaby North: 2.444 | +266.4% (change since February 2017)

Burnaby South: 0.821 | +55.2% (change since February 2017)

Here is downtown Vancouver real estate market update for 1 bedroom and studio condo units in February 2018.

Average Sales Price

Average Sales Price of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: $1,050,250 | +49.4% (change since February 2017)

Downtown VW: $681,580 | +25.5% (change since February 2017)

West End: $675,816 | +36.9% (change since February 2017)

Yaletown: $777,014 | +22.6% (change since February 2017)

Average Percent of Original Price

Average Percent of Original Asking Price of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 101.4% | +2.3% (change since February 2017)

Downtown VW: 103.1% | +2.2% (change since February 2017)

West End: 103.4% | +3.2% (change since February 2017)

Yaletown: 103.7% | +4.2% (change since February 2017)

Average Listing to Contract Days

Average Number of Days it Took to Sell one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 29 | +107.1% (change since February 2017)

Downtown VW: 12 | -14.3% (change since February 2017)

West End: 22 | +29.4% (change since February 2017)

Yaletown: 12 | -50.0% (change since February 2017)

Average Price per Square Foot

Average Price per Square Foot for one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: $1,474 | +42.6% (change since February 2017)

Downtown VW: $1,181 | +27.1% (change since February 2017)

West End: $1,063 | +27.0% (change since February 2017)

Yaletown: $1,250 | +12.5% (change since February 2017)

Total Inventory

Total Inventory of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 17 | +13.3% (change since February 2017)

Downtown VW: 68 | -53.7% (change since February 2017)

West End: 26 | -3.7% (change since February 2017)

Yaletown: 35 | -23.9% (change since February 2017)

New Listings

Total Inventory of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 9 | -25.0% (change since February 2017)

Downtown VW: 71 | +22.4% (change since February 2017)

West End: 29 | -6.5% (change since February 2017)

Yaletown: 29 | -19.4% (change since February 2017)

Sales

Total Sales of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 4 | -63.6% (change since February 2017)

Downtown VW: 48 | -9.4% (change since February 2017)

West End: 19 | -36.7% (change since February 2017)

Yaletown: 14 | -51.7% (change since February 2017)

Sales to Actives Ratio

Sales to Active Listings Ratio of one bedroom and studio condo units in downtown Vancouver in February 2018 (see graph below)

Coal Harbour: 0.235 | -67.9% (change since February 2017)

Downtown VW: 0.706 | +95.6% (change since February 2017)

West End: 0.731 | -34.2% (change since February 2017)

Yaletown: 0.400 | -36.5% (change since February 2017)

Home Price Index

Home price index for one bedroom and studio condo units in Burnaby in January 2018 (see graph below)

Burnaby East: $476,000 | +27.1% (change since January 2017)

Burnaby North: $480,863 | +43.6% (change since January 2017)

Burnaby South: $481,269 | +23.1% (change since January 2017)

Average Sales Price

Average Sales Price of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: $571,000 | +43.2% (change since January 2017)

Burnaby North: $481,909 | +35.4% (change since January 2017)

Burnaby South: $595,413 | +41.6% (change since January 2017)

Average Percent of Original Price

Average percent of original asking price of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 100.4% | +1.1% (change since January 2017)

Burnaby North: 108.4% | +9.7% (change since January 2017)

Burnaby South: 101.5% | +1.8% (change since January 2017)

Average Price Per Square Foot

Average price per square foot of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: $853 | +47.1% (change since January 2017)

Burnaby North: $756 | +42.1% (change since January 2017)

Burnaby South: $896 | +26.9% (change since January 2017)

Total Inventory

Total Inventory of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 4 | +300.0% (change since January 2017)

Burnaby North: 14 | -44.0% (change since January 2017)

Burnaby South: 31 | +14.8% (change since January 2017)

New Listings

All new listings of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 6 | +500.0% (change since January 2017)

Burnaby North: 23 | 0.0% (change since January 2017)

Burnaby South: 29 | +52.6% (change since January 2017)

Sales

Total sales of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 3 | 0.0% (change since January 2017)

Burnaby North: 11 | 0.0% (change since January 2017)

Burnaby South: 18 | +80.0% (change since January 2017)

Sales to Actives Ratio

Sales to active listings ratio of one bedroom and studio condos in Burnaby in January 2018 (see graph below)

Burnaby East: 0.750 | -75.0% (change since January 2017)

Burnaby North: 0.786 | +78.6% (change since January 2017)

Burnaby South: 0.581 | +57.0% (change since January 2017)

In conclusion, inventory is low and the demand is high for 1 bedroom and studio units in Burnaby BC. It’s a very strong sellers market with record breaking prices and record breaking demand.