Burnaby house prices have dropped almost significantly since peaking and prices have rolled back to 2016 levels.
Burnaby condo prices are also down since their peak in 2018.
High-end markets like Downtown, West Vancouver, and the Vancouver Westside have been hit hardest but the surrounding areas are all impacted.
There has been a sudden increase in buying activity this Spring however there is an abundance of for sale signs. As we enter the summer months, many sellers will likely accept price concessions rather than wait to re-list next Spring.
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