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The most anticipated preconstruction condo projects in Burnaby, British Columbia.
Real Estate Market Of Burnaby
Burnaby, located in British Columbia, Canada, has a thriving real estate market that includes a strong market for preconstruction homes. Here's an overview of the real estate market in Burnaby, with a focus on preconstruction homes .
Housing market: The Burnaby housing market has been very active in recent years, with a steady increase in property prices. The average price for a detached home in Burnaby is currently around $1.6 million CAD, while the average price for a townhouse is around $900,000 CAD.
New developments: Burnaby has seen a surge in new developments, with many high-rise condominiums being built in the city. These developments are often located near transit hubs and other amenities, making them very attractive to young professionals.
Rental market: The rental market in Burnaby is also very strong, with many renters attracted to the city's proximity to Vancouver and its high standard of living. The average rent for a one-bedroom apartment in Burnaby is around $1,400 CAD, while the average rent for a two-bedroom apartment is around $2,000 CAD.
Neighborhoods: Burnaby is a diverse city with many distinct neighborhoods. Some of the most popular neighborhoods for real estate include Brentwood, Metrotown, and Burnaby Heights.
Transportation: Burnaby is well-connected to Vancouver and other parts of the Lower Mainland by public transportation, including the SkyTrain rapid transit system. This makes the city very attractive to commuters who work in other parts of the region.