Balanced Market
Mortgage Rates in Burnaby, BC
Burnaby sits between Vancouver and the Tri-Cities, offering SkyTrain access, Simon Fraser University, and a mix of condos and detached homes.
Avg Home Price
$1,050,000
Benchmark Price
$1,000,000
Year-Over-Year
↓ 2.4%
Best 5-Yr Fixed
4.89%
Today's Best Rates Near Burnaby
| Rate Type | Best Rate |
|---|---|
| 5-Year Fixed | 4.89% |
| 5-Year Variable | 5.45% |
| 3-Year Fixed | 4.74% |
| 2-Year Fixed | 5.1% |
| HELOC | 6.2% |
*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.
Burnaby Real Estate Market
Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.
Burnaby sits between Vancouver and the Tri-Cities, offering SkyTrain access, Simon Fraser University, and a mix of condos and detached homes.
Land Transfer Tax — Burnaby
Burnaby buyers pay BC's Property Transfer Tax. First-time buyers may be exempt on homes up to $500K.
Neighbourhoods in Burnaby
MetrotownBrentwoodBurnaby HeightsSouth SlopeDeer Lake
Frequently Asked Questions
What is the average home price in Burnaby?
The average home price in Burnaby is approximately $1.05M, with condos near SkyTrain stations averaging $700K-$850K.
Is Burnaby a good alternative to Vancouver?
Burnaby offers slightly better affordability than Vancouver with excellent SkyTrain access to downtown. Metrotown and Brentwood are major commercial centres.
What are the best neighbourhoods in Burnaby?
Metrotown is the commercial hub. Brentwood is rapidly developing with new towers. Burnaby Heights has a charming main street. South Slope offers larger lots.
Is SFU in Burnaby good for real estate investment?
Simon Fraser University on Burnaby Mountain creates consistent student rental demand. Areas near transit connecting to SFU perform well as rentals.
Is Burnaby real estate a good investment?
Burnaby's central location, SkyTrain access, and ongoing densification around station areas support long-term real estate values.
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