The median house price listed in Burnaby this month is $1,250,000.
If you’re looking at investment properties in Burnaby, then you’re most likely to find homes with 3 bedrooms on sale this month.
There are 359 neighbourhoods that have more properties on sale than Burnaby at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
While the median for British Columbia is $349,000 , which means that Burnaby’s median price is $502,500 considerably better than the rest of the province.
Investors looking for properties in Burnaby are most likely to find 2 bedroom homes on offer this month, with 1 bedroom potential investment properties the second most popular.
Across British Columbia Burnaby has the 3rd most properties on offer with 124.
When we look at the data we have, it can help with trying to establish whether or not Burnaby is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Burnaby there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.