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Current: New West & E. Burnaby's Residential Detached housing is in a Buyer Market with 7 %SOLD rate.
(meaning 7 homes out of 100 sold last month with an average $40,000 decrease from the original list price)
Most Active Range: Homes between $1.7 mill. - $2.0 mill. have 18.8 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have 3.5 %SOLD rate.
History: The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Upper 50%) shows that prices increased $5,936.
The New West & E. Burnaby Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $81,759.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: New Westminster- East Burnaby has an average Listing Supply; 165 homes are for sale and with the 7 %SOLD Monthly Rate giving us a ~10 Months of Inventory. We project New Westminster- East Burnaby Detached to be a Buyer Market. 12% of the Active Listings have Reduced their Price by $97,205 on Average and $49,051 on Median for the last month.
Greater Vancouver February 2026:
The housing market in Metro Vancouver is still a Buyer’s Market, but things are starting to slow down and stabilize. Detached home prices went down by an average of -$9,716 in February. This is better than January, when prices dropped -by $13,479. Prices are still going down, but not as fast. Right now, 61% of detached markets are dropping in price.
The condo market is doing better. Prices only dropped $333, which is much smaller than last month’s drop of $1,375. About 44% of condo markets are now going up, which is a good sign. Townhomes are mixed. Prices dropped -$5,563, which is a bit more than last month. But more areas are improving, with 38% of townhome markets going up, compared to 31% in January.
Overall, the market is starting to feel more balanced. There are still many homes for sale, so buyers have more choices. But prices are not falling as quickly. If this continues, prices may level out in the next 1 to 2 months, with condos and townhomes improving first.
Wondering which neighbourhoods are gaining momentum—or slowing? Visit VancouverMarketReports.com every Saturday at noon for the latest Sell-Through-Rates showing the Winners and Losers across all 17 cities. đź“ž For expert guidance or a free Home Market Analysis, call Bill Coughlin and the Coughlin Team at 778-374-3744—we’re here to help you make the right move.
Fraser Valley February 2026:
The housing market in the Fraser Valley is starting to improve faster than Metro Vancouver. Detached home prices dropped -$1,027 in February, which is better than January’s drop of -$4,837. Also, 44% of detached markets are now going up, which shows growing strength.
The condo market is getting stronger. Prices dropped just-$2,356, but many more areas are improving. Now, 42% of condo markets are going up, compared to only 25% last month. Townhomes are weaker this month. Prices dropped -$2,938, and only 16% of markets are going up, which is lower than last month. This means this part of the market is still struggling.
Overall, the Fraser Valley market is moving toward a better balance. Buyers still have the advantage, but more areas are starting to improve. If this trend continues, the market could stabilize soon, especially as we move into the spring season.
Wondering which neighbourhoods are gaining momentum—or slowing? Visit VancouverMarketReports.com every Saturday at noon for the latest Sell-Through-Rates showing the Winners and Losers across all 17 cities. đź“ž For expert guidance or a free Home Market Analysis, call Bill Coughlin and the Coughlin Team at 778-374-3744—we’re here to help you make the right move.
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