Thinking of Selling Your Burnaby Condo? Read This First
Let’s face it — selling a condo in Burnaby right now isn’t as straightforward as it used to be. The market’s shifting, buyers are cautious, and units are sitting longer. But if you’re thinking about listing in the next few months, there are smart ways to get ahead and stand out.
Here’s what I’m seeing on the ground, what to expect next, and how you can navigate it like a pro.
The Market Right Now (June 2025)
The average Burnaby condo is selling for around $728,000, which is fairly flat compared to last quarter.
Two-bedrooms are leading the way — they’re still in demand, especially in well-connected areas like Brentwood and Metrotown.
That said, units are sitting longer — we’re talking over 40 days on average before selling.
It’s not doom and gloom, but it’s no frenzy either. Sellers need a plan.
What’s Likely to Happen This Fall
We’re heading into a fall market that could be more competitive than you think.
More listings = more competition. Inventory is rising across Metro Vancouver. That means buyers have options—and they’re not rushing.
Prices may soften slightly. Expect prices to stay flat or dip unless you’ve got a standout unit.
Interest rates are steady (for now). The Bank of Canada may cut again, which helps affordability—but also gives buyers more breathing room to take their time.
Bottom line? If you want to sell in the next 6 months, you’ll need to be strategic.
Tips for Selling in a Slower Market
Here’s what I recommend to clients looking to sell right now:
1. Know your number.
Get a clear idea of your unit’s true market value—not just what you hope it’s worth. Price too high and you risk sitting for months, or worse, help your competitors sell by listing too high.
2. Prep like a pro.
Staging, decluttering, minor repairs or replace anything that’s broken—these still matter. Buyers are picky, and a polished home makes a major difference. Time to roll up those sleeves.
3. Be flexible.
With buyers moving slowly, being open on possession dates, terms, or even incentives (like including furniture or offering to cover strata fees, etc.) can help sweeten the deal.
4. Work with someone who knows Burnaby condos.
This isn’t the time for guesswork. You want someone who knows which buildings are hot, what pricing strategies work, and how to attract serious buyers—especially if you’re aiming to sell in Brentwood, Metrotown, or near transit hubs.
Thinking of Selling?
Selling in this market isn’t impossible—it just takes a bit more finesse. If you're wondering whether now is the right time, or what your condo could realistically sell for, I’m happy to walk you through it—no pressure, just honest advice.
Let’s chat about your options and map out a strategy that works for you.
Let’s make your condo the next success story—together.