Burnaby Market Update: June 2025 Market Report and Outlook

As we enter the second half of 2025, Burnaby’s real estate market is showing signs of a gradual shift. This month’s market update takes a close look at the latest market stats, recent market trends, and a forward-looking forecast for the rest of the year.

Whether you're actively looking to buy, sell, or simply keep an eye on the market, this market report gives you the insights you need to make informed decisions.

Latest Market Stats: June 2025 Snapshot

According to the MLS® HPI, the benchmark home price across Greater Vancouver, including Burnaby, is now $1,173,100, reflecting a 2.8% drop from the previous month.

If you follow the three-year market chart, you’ll notice the price curve has shifted through clear seasonal patterns, rising sharply through 2021 and 2022, softening in 2023, and now experiencing another modest dip through mid-2025. These changes align with common market trends tied to buyer confidence, interest rates, and inventory levels.

Bubble or Correction? What the Data Suggests

The slight pullback in pricing has prompted some to wonder if we’re in a bubble or headed for a crash. But the numbers point more toward a market correction than a dramatic downturn.

There’s no panic selling, no oversupply, and no major economic event driving values down. Instead, the market is stabilizing after years of rapid growth. This type of adjustment helps create a healthier, more sustainable path forward.

Why This Market Environment Offers Opportunities

The current slowdown has created more breathing room for buyers. With fewer bidding wars, more inventory, and stabilizing prices, it’s easier to explore your options without the urgency that defined past years.

For sellers, this is still a good time to list, especially in established areas with strong demand. Detached homes continue to perform well, and demand remains steady in Burnaby neighborhoods close to transit, amenities, and schools.

Market Outlook and Forecast for the Remainder of 2025

Looking ahead, here are a few key predictions and notes on the market outlook:

• Prices are likely to stabilize during July and August as summer activity slows.
• A rise in new listings is expected in September, offering more choice to buyers.
• If interest rates hold or ease slightly in late 2025, a gentle price recovery may begin.

Overall, the forecast suggests we’re nearing the bottom of this market dip, and any further shifts are expected to be gradual.

Market Graph: A Visual Look at Trends

This month’s market graph highlights how prices have behaved over the last three years. Even with the current dip, values remain significantly higher than pre-2020 levels.

Zooming out on the market chart shows this is not an isolated event, but part of a broader real estate cycle. Understanding that cycle helps buyers and sellers time their moves more strategically.

Final Thoughts: A Market Shaped by Balance

This month’s market update reflects a more measured pace for Burnaby real estate. It's a time of transition, not turmoil.If you’re considering buying, selling, or just curious how these market trends apply to your situation, a conversation can help clarify your next steps.

📞 Contact us today for a personalized market report or advice tailored to your real estate goals.