Burnaby Real Estate Overview
Real estate prices in Burnaby are comparable to those in Vancouver, being among the highest in the country.
According to the Real Estate Board of Greater Vancouver, the March 2013 median selling price for a property in Burnaby was $587,500, which is a decline of 0.8 percent from March 2012.
Burnaby is divided into three main areas: Burnaby East, Burnaby North, and Burnaby South. The south end is a popular area for new immigrants and includes the neighbourhood of Metrotown - a major shopping and commercial district. Many family homes can be found in Burnaby East around Edmonds and the Cariboo area. In the north lies the historic Burnaby Heights.
- Burnaby Population (2011)223,200
- 5 Year Population Change10.1%
- Number of Homes in Burnaby86,800
Why Buy a Home in Burnaby?
Burnaby is British Columbia's third largest city after Vancouver and Surrey. Located just east of Vancouver, it is a vibrant city in a beautiful natural setting.
The landscape of Burnaby is one of lakes, hills, rivers, and valleys. Many of its residents enjoy an active lifestyle of hiking, mountain biking, canoeing, and kayaking. Three major ski hills are a short drive away.
Burnaby has an abundance of attractions and amenities, and getting to and from downtown Vancouver is a breeze. It is one of British Columbia's most ethnically diverse cities, with significant Chinese, Korean, Filipino, and South Asian populations.
Explore Burnaby's Rich Cultural Heritage
The first pioneers arrived in Burnaby around 1850. Robert Burnaby, a private secretary to Colonel Richard Moody, surveyed the lake that now forms the city's centre and lent his name to it.
The arrival of the Canadian Pacific Railway in 1887 brought new people to the growing settlement and turned it into an important transportation corridor between Vancouver and the interior of British Columbia. Logging and agriculture also formed a key part of the local economy.
In 1892, Burnaby was incorporated as a municipality, adopting its name from the lake. As Vancouver expanded, Burnaby expanded with it, and over time it transformed from a rural village into a bustling city of its own.
Getting around in Burnaby
Burnaby is serviced by Vancouver's sophisticated SkyTrain rapid transit system, as well as several TransLink bus routes.
The Lougheed Highway passes through the city, connecting it to Vancouver and Coquitlam. The Trans-Canada Highway runs north up to North Vancouver, and south toward Abbotsford and the U.S. border. A number of major streets run between Burnaby and Vancouver as well.
Biking is a popular form of transportation in Burnaby; several urban trails and bikeways can be found around town. You can also follow in the historic footsteps of Robert Burnaby at the trails in Burnaby Lake Park and Deer Lake Park.
Shopping and Amenities
Shopaholics will love what Burnaby has to offer. Metropolis at Metrotown is British Columbia's largest mall, with more than 450 shops and services. The Heights District is a favourite spot with locals, featuring outdoor shops and boutiques interspersed with restaurants and cafes.
The Bill Copeland Sports Centre is a state-of-the art community sports centre featuring playing fields, tennis courts, an indoor pool, jogging track, and more. Some of Burnaby's other community sports centres include the Burnaby Lake Sports Complex, the Burnaby Mountain Golf Course, and the 8 Rinks centre.
There's no shortage of good schools in the city. Simon Fraser University and the British Columbia Institute of Technology both call Burnaby home.
Entertainment and Attractions in Burnaby
Many attractions can be found in Burnaby or in nearby Vancouver.
Travel back in time at the Burnaby Village Museum to experience life as it was in the 1920s. Or enjoy an evening out at the Grand Villa Casino and Scala Lounge.
Treat your kids to a day at the Greater Vancouver Zoo, home to over 600 animals. The Pacific National Exhibition is another popular family destination, featuring rides, concerts, and games open year-round.
If you're into sports, you'll definitely want to make the short trip to Vancouver to watch the Canucks battle it out on the ice at the Rogers Arena. You can also lend your support to any of Burnaby's numerous local sports teams.