During Oct 2022, the average price for an apartment in/near Burnaby, BC, Canada decreased by 13.6% to CA$1,529,020.
After collecting all data points, we now see that the average price for 1-bed apartment stands at CA$784,579 with no changes this month. Asking price for 2-bed apartment also decreased by 12.7% and a place of this size will now cost you CA$885,712. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for CA$1,621,631. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2% and made it down to CA$2,936,551.
Price reports demonstrate that house price decreased by 26.4% this month making it up to CA$2,206,040. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — CA$1,051,102. The property value of townhouses decreased by 13.3%, you’ll have to spend around CA$852,001 to get one.