Real Estate News

COVID-19 is rampaging through most areas of Burnaby’s economy, especially retail businesses that aren’t appliances or bicycles . And yet, for several reasons, real estate is booming in Burnaby amid all the pandemic uncertainty.

The 2016 amendments to the Property Transfer Tax Act — commonly referred to as the foreign buyers tax — have negatively impacted ethnic Chinese real estate agents in Burnaby and other parts of Metro Vancouver in terms of percentage of property sales

The views from the top of more than 42 storeys are, well, dizzying. Even residents of the new Sun Tower 1, when it’s completed, won’t be up this high. But some will be close. (Scroll through the photos above to see more.

If you live near a SkyTrain station in Burnaby, you know the value of this convenience. Just how much value? Well, apartment buyers have paid 4.

COVID-19 has indeed unsettled our world. And for the real estate industry, that means showings have been put on a halt. However, that doesn’t mean it can deny us the luxury of home browsing right from the comforts of our bedroom.

When we use the word “bargain” in relation to Burnaby real estate, don’t laugh. There are a few out there based on a certain metric.

While luxury homes are a commodity that only a few can afford, it’s hard to deny — they’re very fun to look at. Or dream about. This month’s roundups of Burnaby’s most expensive listings by roomvu are nothing short of awe-inspiring.

Rents are staying “fairly high” in Burnaby despite COVID-19 driving down prices in many other Canadian areas, says a new report. The average monthly asking rent for all property types in Canada was down 1.

The national average rental rate dropped 3% month over month and 3.4% year over year, according to the March National Rent Report from Rentals.ca and Bullpen Research & Consulting .