Where to buy real estate in 2020: Burnaby and New Westminster, B.C.

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Rank	Area	Province	Neighbourhood	Area average price 2019	Value	Momentum	Average price vs. area	Average price vs. metro district	Average price vs. greater city area	1-Year price change	5-Year price change	Final star rating
1	Burnaby	BC	Brentwood Park	$1,526,503.00	40.18	78.32	106.9%	106.2%	128.7%	5.29%	56.2%	★★★★½
2	Burnaby	BC	Metrotown	$1,526,503.00	42.99	50.05	111.6%	110.8%	134.3%	-11.70%	52.6%	★★★★½
3	Burnaby	BC	Edmonds BE	$1,526,503.00	39.29	77.17	105.7%	104.9%	127.2%	20.98%	33.4%	★★★½
4	Burnaby	BC	South Slope	$1,526,503.00	36.78	70.83	102.5%	101.8%	123.4%	3.22%	40.4%	★★★★
5	Burnaby	BC	Burnaby Hospital	$1,526,503.00	34.97	70.06	100.5%	99.8%	120.9%	3.32%	42.2%	★★★★
6	Burnaby	BC	Garden Village	$1,526,503.00	44.74	66.29	114.8%	114.0%	138.2%	-3.58%	51.5%	★★★½
7	Burnaby	BC	Willingdon Heights	$1,526,503.00	29.40	68.04	93.6%	92.9%	112.6%	0.44%	47.4%	★★★★
8	Burnaby	BC	Vancouver Heights	$1,526,503.00	37.23	66.01	103.2%	102.4%	124.2%	-5.25%	58.7%	★★★★
9	New Westminster	BC	Downtown NW	$1,123,163.00	32.74	91.46	118.0%	86.2%	104.5%	6.00%	120.8%	★★½
10	Burnaby	BC	Forest Glen BS	$1,526,503.00	44.37	52.93	114.6%	113.8%	138.0%	-11.65%	45.7%	★★★★
11	New Westminster	BC	Fraserview NW	$1,123,163.00	34.61	53.49	120.9%	88.3%	107.1%	-7.03%	59.4%	★★★½
12	Burnaby	BC	Central Park BS	$1,526,503.00	37.44	52.86	103.3%	102.6%	124.4%	-10.95%	37.9%	★★★½
13	Burnaby	BC	Sperling-Duthie	$1,526,503.00	36.51	45.83	102.3%	101.6%	123.2%	-8.00%	42.2%	★★★★
14	New Westminster	BC	West End NW	$1,123,163.00	23.10	49.02	100.9%	73.7%	89.4%	-10.73%	44.2%	★★★★
15	New Westminster	BC	Connaught Heights	$1,123,163.00	25.87	67.64	104.9%	76.6%	92.9%	1.81%	49.6%	★★★
16	Burnaby	BC	Capitol Hill BN	$1,526,503.00	32.35	43.37	97.3%	96.6%	117.1%	-7.08%	34.4%	★★★★
17	Burnaby	BC	Deer Lake	$1,526,503.00	24.39	85.65	201.6%	200.2%	242.7%	21.06%	52.3%	★★½
18	Burnaby	BC	Parkcrest	$1,526,503.00	33.62	38.74	98.6%	97.9%	118.6%	-18.81%	42.4%	★★★★
19	Burnaby	BC	Upper Deer Lake	$1,526,503.00	41.01	37.95	108.3%	107.5%	130.4%	-10.70%	30.8%	★★★★
20	Burnaby	BC	Government Road	$1,526,503.00	44.58	27.13	114.8%	114.0%	138.2%	-16.64%	20.5%	★★★★
21	Burnaby	BC	Westridge BN	$1,526,503.00	40.34	30.76	107.0%	106.3%	128.8%	-15.83%	7.1%	★★★★
22	Burnaby	BC	Greentree Village	$1,526,503.00	17.97	64.06	80.5%	79.9%	96.9%	-1.32%	65.6%	★★★½
23	Burnaby	BC	Highgate	$1,526,503.00	25.85	45.38	90.5%	89.8%	108.9%	-15.37%	34.9%	★★★½
24	New Westminster	BC	Uptown NW	$1,123,163.00	13.79	55.13	87.9%	64.2%	77.9%	-15.65%	76.6%	★★★½
25	New Westminster	BC	Queens Park	$1,123,163.00	40.00	49.91	131.3%	95.9%	116.2%	-7.02%	37.1%	★★½
26	Burnaby	BC	East Burnaby	$1,526,503.00	23.62	61.96	88.4%	87.7%	106.4%	4.60%	10.5%	★★★
27	New Westminster	BC	The Heights NW	$1,123,163.00	16.38	38.30	91.2%	66.6%	80.8%	-13.31%	37.5%	★★★★
28	New Westminster	BC	Sapperton	$1,123,163.00	14.21	48.24	88.3%	64.5%	78.2%	-13.68%	60.4%	★★★½
29	Burnaby	BC	Montecito	$1,526,503.00	34.48	35.08	99.8%	99.1%	120.1%	-13.68%	38.2%	★★★½
30	Burnaby	BC	Burnaby Lake	$1,526,503.00	26.22	38.15	90.8%	90.1%	109.3%	-15.71%	43.1%	★★★★
31	Burnaby	BC	Deer Lake Place	$1,526,503.00	26.64	28.40	91.2%	90.5%	109.8%	-22.03%	39.6%	★★★★
32	Burnaby	BC	Sullivan Heights	$1,526,503.00	21.25	56.11	85.2%	84.6%	102.6%	-8.03%	40.0%	★★½
33	Burnaby	BC	Buckingham Heights	$1,526,503.00	26.17	27.62	138.6%	137.6%	166.8%	-31.75%	39.1%	★★★★
34	Burnaby	BC	Suncrest	$1,526,503.00	23.04	34.41	87.8%	87.2%	105.6%	-25.58%	23.3%	★★★½
35	Burnaby	BC	Big Bend	$1,526,503.00	16.54	47.87	77.9%	77.3%	93.7%	-7.58%	51.3%	★★½
36	Burnaby	BC	The Crest	$1,526,503.00	21.40	44.14	85.5%	84.8%	102.8%	-21.18%	32.2%	★★★
37	Burnaby	BC	Simon Fraser Univer.	$1,526,503.00	28.07	24.57	92.2%	91.5%	111.0%	-12.03%	12.8%	★★★½
38	Burnaby	BC	Central BN	$1,526,503.00	15.33	29.02	75.9%	75.4%	91.4%	-13.46%	26.1%	★★★★
39	New Westminster	BC	Moody Park	$1,123,163.00	15.43	20.64	89.7%	65.5%	79.4%	-31.66%	35.8%	★★★½
40	New Westminster	BC	GlenBrooke North	$1,123,163.00	12.86	19.54	86.6%	63.3%	76.7%	-16.80%	17.0%	★★★½
41	New Westminster	BC	Queensborough	$1,123,163.00	17.22	52.98	91.9%	67.1%	81.4%	-11.34%	67.0%	★½
42	Burnaby	BC	Oakdale	$1,526,503.00	18.54	29.69	80.9%	80.3%	97.4%	-19.09%	56.7%	★★½
43	Burnaby	BC	Forest Hills BN	$1,526,503.00	30.43	18.83	94.8%	94.2%	114.1%	-19.70%	30.2%	★★½
44	Burnaby	BC	Cariboo	$1,526,503.00	(29.66)	62.67	29.2%	29.0%	35.1%	-1.96%	61.3%	★★½
45	New Westminster	BC	North Arm	$1,123,163.00	(31.84)	0.27	0.0%	0.0%	0.0%	-100.00%	-100.0%	★★½

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

These are the top three neighbourhoods to buy this year in Burnaby and New Westminster:

1. Brentwood Park, Burnaby

Brentwood Park is a neighbourhood in North Burnaby that offers first-time buyers an opportunity to buy a relatively affordable single-family home in a community with exceptional access to retail, easily serviced by transit, and a not-too-long commute to Vancouver’s downtown core. According to realtors who sell real estate in the area, it’s only going to get better, so perhaps it’s not surprising that Brentwood Park is also our No. 1 pick this year for the Greater Vancouver Area.

At the core of this community is the former Brentwood Town Centre. Originally built in 1961, this shopping mall finished its first redevelopment phase last summer. Rebranded The Amazing Brentwood (TAB), the complex is now one of the largest urban destinations in North America with more than 250 stores and restaurants along with 11 all-new residential towers, for a total of 6,000 new homes on the 28-acre site.

Brentwood SkyTrain Station will play a pivotal role in this retail space redevelopment and in making this community a hub in the area. Residents also have easy access to major post-secondary schools around the Lower Mainland, including Simon Fraser University and The University of British Columbia.

Prior to the market slowdown, due to the pandemic, homes typically sold within 15 days in Brentwood Park, Burnaby.

Average Single-Family Home Price (2019): $1,632,000

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2. Metrotown, Burnaby

Officially designated by the City of Burnaby as a town centre, Metrotown is known as “complete community”—a place where a resident can work, live and play without having to leave their neighbourhood.

But most people know Metrotown as Burnaby’s shopping and entertainment destination and, as a result, initial residential development in the area concentrated on condos that attracted younger people and urban professionals. In the last few years, however, developers started to respond to market demand and began to build multi-family units that would house families and downsizers. New development typically causes an appreciation of nearby properties, which is great news for current residents and for buyers who want a single-family home.

Prior to the pandemic and market slowdown, homes typically sold within 19 days in Metrotown, Burnaby.

Average Single-Family Home Price (2019): $1,703,213

3. Edmonds, Burnaby

While the housing architecture won’t win any awards, Edmonds is a solid family neighbourhood. Even better is that this community is the epitome of Canada: There are about 100 languages spoken in this community and, according to the Vancouver Sun, it gets an 83% score on the diversity index.

Prior to the pandemic and market slowdown, homes typically sold within 23 days in Edmonds, Burnaby.

Average Single-Family Home Price (2019): $1,613,000

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