Home sales in B.C. proved stronger than expected in June, according to the B.C. Real Estate Association — and Burnaby was part of that provincial trend.
“June home sales continued to outperform expectations, following a very strong rebound in May,” said BCREA chief economist Brendon Ogmundson in a July 13 news release. “However, rising interest rates will likely dampen home sales activity in coming months.”
The BCREA notes that 8,740 residential unit sales were recorded in MLS systems across the province in June, an increase of 21.9 per cent from June 2022.
In Burnaby, 390 residential properties were sold in June, according to MLS stats from Zealty.ca. That was up from 305 in June 2022, a 27.9 per cent increase.
The average MLS residential price in BC was $991,648, up 4.7 per cent compared to June 2022.
In Burnaby, the median sold price in June was $810,000, up from $760,100 in June 2022 — a 6.6 per cent increase.
Properties for sale in Burnaby in July
Will those increases continue in July? Currently, Zealty.ca shows 997 residential homes, townhouses and apartments for sale in Burnaby (as of July 13).
- Least expensive: The most affordable current listing is a fourth-floor, 410-square-foot studio unit in a contemporary low-rise building on Smith Avenue, selling for $425,000. It’s been on the market for 17 days. Check out its Zealty listing for info.
- Most expensive: The most expensive current residential listing (aside from those being marketed primarily for development purposes) is a six-bedroom, eight-bathroom, 5,753-square-foot house on Haszard Street in the Deer Lake neighbourhood. It’s listed for $5,288,000 and has been on the market for 69 days. Check out its Zealty listing for info.
Follow Julie MacLellan on Twitter @juliemaclellan.
Email Julie, [email protected]
