Ok let's keep it brief and to the point.. Burnaby Mountain in 2025 was a “more choice, slightly softer” kind of year.
The benchmark-style HPI price averaged about $739K in 2025, which is roughly 3% lower than 2024, and prices moved in a pretty normal band during the year (highest around early spring, lowest around the fall).
Inventory was higher for most of the year (about 100 listings on average), peaking in the summer, which usually gives buyers more options and more negotiating power. Even with more listings available, fewer homes actually sold: there were 133 sales in 2025 (about 11 per month), down from 2024, so the market felt slower overall.
Homes also tended to sell a bit further under asking price—around 96.6% of the original list price on average—which basically means “close to asking, but not quite,” and sellers needed to be priced right to get traction.
The one twist is that things tightened up at the end of the year as inventory dropped into December and the sales-to-active ratio jumped, so it finished with more urgency than it had mid-year.
Want to know more about your building or unit? Contact Burnaby Mountain real estate specialist Dean Wegman here.