Is Now the Best Time to Buy a Condo in Burnaby? Market Trends & Investment Insights

Is It a Good Time to Buy a Condo in Burnaby? (March 2025)

As of March 2025, the Burnaby condo market is showing signs of opportunity for buyers looking to enter or invest in real estate. With home prices stabilizing and interest rates still relatively high but projected to ease, now may be a strategic time to make a move.

Burnaby Real Estate Market Update

According to the Real Estate Board of Greater Vancouver, the benchmark price of homes in the region was $1,169,100 in February 2025 — down 1.1% year-over-year and slightly down 0.3% from January.

In Burnaby specifically:

• Condo prices have flattened after sharp increases in 2021–2022.
• Days on market for well-priced units are dropping, suggesting steady buyer demand.

These signs point to a balanced market, where buyers have some negotiating power without the fierce bidding wars seen in past years.

For up-to-date listings and expert insight into Burnaby condos, visit MetroVanHomes.com.

Why Consider Buying a Condo in Burnaby Now?

1. More Inventory

There’s been a gradual increase in condo listings, giving buyers more choice in areas like Brentwood, Metrotown, and Edmonds.

2. Stable Pricing

Flat pricing means less risk of overpaying. While no one can perfectly time the bottom, buying in a steady market reduces volatility.

3. Strong Long-Term Growth

Burnaby remains a desirable area thanks to its:

• SkyTrain connectivity
• Shopping hubs like Metropolis at Metrotown
• Proximity to Vancouver
• Major developments like The Amazing Brentwood

Over time, these fundamentals drive value appreciation.

Need a Mortgage Pre-Approval?

Before you shop, it’s smart to get pre-approved for financing. We recommend Mr. Mortgage — a trusted Lower Mainland mortgage broker offering competitive rates and expert advice.

They can help you:

• Understand how much you qualify for
• Lock in a rate while you shop
• Get customized options based on your goals

Final Thoughts

If you’re financially ready and planning to hold the property long term, 2025 is a solid window to buy a condo in Burnaby. The market is more balanced, prices are stable, and interest rates may decline in the coming months — which could increase competition again.

Want to explore active listings or book a consultation?
Check out MetroVanHomes.com — your resource for condos in Burnaby and across Metro Vancouver.