Where to buy real estate in 2019: Burnaby and New Westminster, B.C.

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Rank	Neighbourhood	Area	Average home price (2017)	Value	Momentum	Average price vs. area	Avg. price vs. metro district	Avg. price vs. outer region	1-year price change	5-year price change	Final Star Rating
1	Uptown NW	New Westminster	$1,204,752	91.67	85.12	84.3%	59.30%	51.9%	9.99%	93.0%	★★★★
2	Greentree Village	Burnaby	$1,245,000	78.57	95.83	82.6%	83.00%	72.7%	23.73%	97.8%	★★★★
3	Big Bend	Burnaby	$1,440,000	67.86	95.83	87.4%	87.90%	77.0%	17.96%	101.6%	★★★½
4	Queensborough	New Westminster	$1,190,011	79.76	71.43	92.8%	65.30%	57.2%	18.43%	77.5%	★★★½
5	Sapperton	New Westminster	$1,160,809	89.29	37.5	85.0%	59.80%	52.4%	1.53%	63.3%	★★★½
6	Sullivan Heights	Burnaby	$1,269,000	86.9	37.5	76.8%	77.20%	67.6%	-6.47%	80.8%	★★★½
7	Connaught Heights	New Westminster	$1,190,848	94.05	51.79	84.1%	59.10%	51.8%	-8.24%	96.7%	★★★½
8	Central BN	Burnaby	$1,829,700	60.71	80.36	90.8%	91.30%	79.9%	12.92%	90.6%	★★★½
9	West End NW	New Westminster	$1,277,367	44.05	77.98	112.8%	79.30%	69.5%	14.53%	86.0%	★★★½
10	Downtown NW	New Westminster	$1,000,000	71.43	58.93	97.6%	68.70%	60.1%	26.32%	58.2%	★★★½
11	Burnaby Lake	Burnaby	$1,727,700	54.76	70.24	94.5%	95.00%	83.2%	1.96%	88.7%	★★★½
12	Oakdale	Burnaby	$1,364,000	90.48	30.36	75.9%	76.30%	66.9%	-4.86%	58.8%	★★★
13	The Heights NW	New Westminster	$1,211,234	59.52	67.86	102.5%	72.10%	63.2%	12.59%	83.7%	★★★
14	Highgate	Burnaby	$1,551,250	46.43	67.26	96.6%	97.10%	85.0%	17.91%	82.7%	★★★
15	East Burnaby	Burnaby	$1,442,450	83.33	46.43	81.2%	81.60%	71.5%	4.14%	72.1%	★★★
16	Capitol Hill BN	Burnaby	$1,571,000	27.38	77.98	104.0%	104.50%	91.5%	12.17%	90.0%	★★★
17	Edmonds BE	Burnaby	$1,285,000	80.95	47.62	81.5%	81.90%	71.7%	1.53%	73.0%	★★★
18	Moody Park	New Westminster	$1,474,350	66.67	45.83	99.8%	70.20%	61.5%	12.91%	67.2%	★★★
19	GlenBrooke North	New Westminster	$1,183,263	64.29	39.88	100.3%	70.50%	61.8%	3.55%	71.4%	★★★
20	Vancouver Heights	Burnaby	$1,655,000	40.48	68.45	99.5%	100.00%	87.5%	4.89%	82.7%	★★★
21	Brentwood Park	Burnaby	$1,468,100	63.1	35.71	90.2%	90.60%	79.4%	-8.12%	75.6%	★★★
22	Willingdon Heights	Burnaby	$1,498,000	70.24	44.05	86.7%	87.10%	76.3%	-3.63%	79.3%	★★★
23	The Crest	Burnaby	$1,369,500	72.62	33.93	86.5%	86.90%	76.1%	-1.91%	68.7%	★★★
24	Central Park BS	Burnaby	$1,829,700	14.29	81.55	110.4%	110.90%	97.1%	14.53%	92.1%	★★★
25	Queens Park	New Westminster	$1,617,405	25	64.88	137.8%	96.90%	84.9%	5.44%	86.4%	★★★
26	Fraserview NW	New Westminster	$1,460,750	51.19	38.1	108.6%	76.40%	66.9%	6.67%	64.5%	★★★
27	Montecito	Burnaby	$1,614,500	42.86	52.38	99.1%	99.60%	87.3%	-0.41%	81.1%	★★★
28	South Slope	Burnaby	$1,520,000	48.81	34.52	96.6%	97.10%	85.0%	-1.46%	70.6%	★★½
29	Deer Lake	Burnaby	$2,530,000	2.38	78.57	214.4%	215.40%	188.7%	57.89%	80.9%	★★½
30	Deer Lake Place	Burnaby	$1,930,000	29.76	43.45	102.6%	103.20%	90.3%	-9.22%	71.0%	★★½
31	Simon Fraser University	Burnaby	$1,558,000	57.14	16.67	93.5%	94.00%	82.3%	-0.05%	49.4%	★★½
32	Burnaby Hospital	Burnaby	$1,450,000	19.05	74.4	108.8%	109.40%	95.8%	4.13%	86.9%	★★½
33	Metrotown	Burnaby	$1,850,000	16.67	48.81	109.2%	109.70%	96.1%	0.85%	71.3%	★★½
34	Sperling-Duthie	Burnaby	$1,550,000	52.38	15.48	94.6%	95.10%	83.3%	-10.71%	56.8%	★★½
35	Forest Glen BS	Burnaby	$1,750,000	8.33	61.9	120.2%	120.80%	105.8%	-3.61%	85.8%	★★½
36	Forest Hills BN	Burnaby	$1,730,000	65.48	4.76	88.8%	89.30%	78.2%	-16.57%	25.4%	★★½
37	Parkcrest	Burnaby	$1,700,000	33.33	37.5	101.1%	101.60%	89.0%	-2.21%	68.6%	★★½
38	Buckingham Heights	Burnaby	$2,885,000	4.76	51.19	170.0%	170.80%	149.6%	13.12%	55.5%	★★½
39	Westridge BN	Burnaby	$1,968,000	25	29.76	106.5%	107.10%	93.8%	19.52%	55.0%	★★
40	Garden Village	Burnaby	$1,608,000	35.71	10.12	100.3%	100.80%	88.3%	-17.51%	45.3%	★★
41	Upper Deer Lake	Burnaby	$1,922,500	22.62	26.19	107.9%	108.40%	94.9%	-3.19%	65.6%	★★
42	Government Road	Burnaby	$1,832,500	10.71	11.9	117.2%	117.80%	103.2%	-3.84%	45.6%	★★

Value: Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum: Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Top 3 neighbourhoods to buy

1. Uptown NW, New Westminster

As the No. 1 ranked neighbourhood in Greater Vancouver this year, Uptown NW is a distinct New West community. Homes here often have spectacular views—some look over downtown and the Fraser River, while others offer stunning views of the North Shore mountains. There’s a mix of housing styles and buildings in this community, built from the 1890s all the way to the 1980s. There are large-scale, elaborate homes, pre-WW II cottages, modest post-war bungalows, as well as low-rise apartment buildings, and early and modernist institutional buildings, such as the Armoury and City Hall.

Perhaps the big draw to is that Uptown NW offers big-city living, yet retains its smalltown feel, and it rose to the top of the list this year because both its value and its momentum were high, and Realtors ranked it as much better than average. Houses are priced, on average, about 15% lower than those in surrounding communities, and more than 40% less, on average, than the average in New Westminster. And compared to the average home price in Greater Vancouver, Uptown NW is almost 50% cheaper.

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2. Greentree Village, Burnaby

Located smack-dab in the middle of Burnaby, the neighbourhood of Garden Village boasts a high homeownership rate, with 63% of dwellings in the community owner-occupied. It’s a great place for first-time buyers because the neighbourhood is close to the British Columbia Institute of Technology (BCIT), one of the province’s largest tech-colleges. This means that any buyer who wants a mortgage-helper to offset the cost of getting into an expensive housing market will have an easy supply of in-need tenants.

In the last reported census, the residents of Garden Village were from a variety of backgrounds, with 52% of the current residents self-identifying as “new Canadians” with ties to China, Hong Kong, Taiwan, India and the Philippines.

Public transit is easily accessible from this community, with bus service running along Willingdon and Royal Oak, and providing residents a direct link to Skytrain stations. By car, Highway 1 is just minutes away.

Houses sell, on average, for about $1.245 million in this community; that’s 17.4% less than nearby neighbourhoods, 17% less than the average house price in Burnaby and 27% less than the average house price for Greater Vancouver.

3. Big Bend, Burnaby

Big Bend is the southernmost neighbourhood in Burnaby, located on the watershed of the Fraser River. Because of the fertile soil (which can be prone to flooding), Big Bend is the last section of true agricultural farmland in Burnaby. This means the area is very sparsely populated when compared to surrounding neighbourhoods (many of which have massive densification projects that include multi-level condo complexes).

Houses in Big Bend sell, on average, for 12% less than houses in nearby communities and 12% less than the average house price in Burnaby; better still, they average 23% cheaper than the average house in Greater Vancouver.

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