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Burnaby's New-Build Multiplex Market: Fall 2026 Update

Posted on October 1, 2026 by Brad & Theo

Burnaby's new-build multiplex market is a buyer's market: 94 homes for sale against about 7 sales a month, or 14 to 19 months of inventory.

Market snapshot

Measure	Sold (Oct 2025–Sep 2026)	Active (Sept 30, 2026)
Number of homes	81	94
Median price	$1,750,000	$1,747,000
Price range	$1,095,000–$2,560,000	$1,299,000–$3,380,000
Median size	2,684 sq. ft.	2,686 sq. ft.
Median price per sq. ft.	$678	$654
Median bedrooms	5	5
Median days on market	29	42
Share at 60+ days on market	31%	35%
Listed in Aug–Sep 2026	—	61 of 94

Absorption	Last 12 months	Last 3 months
Sales per month	6.8	5.0
Absorption rate (sales ÷ actives)	7.2%	5.3%
Months of inventory	~14	~19

Sales by month

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Sales ran near the average most of the year and hit 10 in both May and July. They fell to 5 in August, just as 28 new listings arrived, and September had no firm sales as of September 30.

By price range

The $1.75M–$2M range is the most balanced; homes over $2.25M have about two years of supply.

Price range	Sold, last 12 months	Active now	Months of inventory
Up to $1.5M	14	20	~17
$1.5M–$1.75M	27	30	~13
$1.75M–$2.0M	22	19	~10
$2.0M–$2.25M	11	11	~12
Over $2.25M	7	14	~24
All	81	94	~14

Only four homes sold for under $1.2 million all year ($1,095,000 to $1,160,000). The lowest-priced active listing is $1,299,000.

By area

North Burnaby commands the highest price per square foot; East Burnaby has the most supply relative to sales.

Area	Sold	Median sold price	Median sold $/sq. ft.	Active	Months of inventory	Median days on market (active)
North Burnaby	35	$1,950,000	$699	40	~14	41
South Burnaby	36	$1,650,000	$656	37	~12	79
East Burnaby	10	$1,866,667	$610	17	~20	21

By size

Smaller homes sell for far more per square foot, and the larger homes on the market now have been listed longest (median 58 days for 3,000+ sq. ft. versus 21 days under 2,000).

Size	Sold	Median sold price	Median sold $/sq. ft.	Active	Median asking $/sq. ft.
Under 2,000 sq. ft.	10	$1,282,500	$815	23	$832
2,000–2,499 sq. ft.	10	$1,599,900	$728	17	$693
2,500–2,999 sq. ft.	40	$1,757,500	$652	25	$614
3,000+ sq. ft.	21	$2,175,000	$633	29	$603

By quarter

Quarter sold	Homes sold	Median price	Median size	Median $/sq. ft.
Jul–Sep 2026	15	$1,628,000	2,376 sq. ft.	$699
Apr–Jun 2026	26	$1,675,000	2,653 sq. ft.	$664
Jan–Mar 2026	19	$1,850,000	2,692 sq. ft.	$634
Oct–Dec 2025	21	$2,010,000	2,714 sq. ft.	$702

Sale price vs. asking price

The median home sold for 96.6% of its final asking price, and the gap has widened since spring.

Period (offer accepted)	Sales reviewed	Median sale-to-list
Apr–Sep 2026	26	96.0%
Oct 2025–Mar 2026	14	97.7%
All	40	96.6%

Only 3 of the 40 sold at or above asking. Based on sales up to about $1.96 million; asking price is the final list price, so earlier price reductions are not included.

About this data

Source: MLS® data from Greater Vancouver REALTORS®, compiled by Brad & Theo Gannon.
New construction (built 2024–2026) half-duplex, triplex and fourplex homes in Burnaby with three or more bedrooms.
Active listings as of September 30, 2026. Sales from October 2025 to September 2026; sale months are estimated from list date plus days on market.
Figures are medians unless noted. Price per square foot uses total floor area as reported on MLS®. Months of inventory = active listings ÷ average monthly sales.
Information deemed reliable but not guaranteed.