Burnaby Presale Condo Market Update: September 2026

Burnaby is the softest presale condo market in Metro Vancouver right now — roughly 90 active developments competing for buyers, average Metrotown condos selling at $634,333 after 53 days on market, and 27 projects openly advertising incentives. If you are buying in Burnaby this fall, you have more leverage than at any point since 2019. The job is to actually use it. The numbers behind Burnaby's buyer's market Here is where Burnaby sits heading into September 2026 — regional data, not marketing-centre data. Indicator Latest reading What it means for you Metro Vancouver residential sales July 2026 2,061 — down 9.8% year over year, and 18.6% below the 10-year seasonal average Demand is thin region-wide, not just in one pocket Apartment segment Led the July decline with an ~18% drop in sales Condos are the weakest product type — that is where discounts live Metro Vancouver apartment benchmark $695,200 Your appraisal reference point at completion Metrotown average condo sale price Aug 2026 $634,333, range $470,000–$803,000 Resale comps are below the regional benchmark Metrotown days on market 53 days Sellers, including developers, are waiting Active Burnaby presale developments ~90, starting around $387,000 Supply competition is doing your negotiating for you Why Burnaby specifically went soft This is a supply story, not a demand story. The Metrotown and Brentwood corridors started an enormous volume of towers in the 2021–2022 cycle, and those towers are now completing into the same 18-month window — in a market where Q1 2026 presale absorption across BC was roughly 124 units, down from nearly 6,000 in Q1 2021. Layer on a Bank of Canada that held its policy rate at 2.25% on July 15, 2026 — a sixth consecutive hold — and you get a market where borrowing costs have stopped falling fast enough to rescue prices, while completions keep arriving. The result is the $550,000–$750,000 Burnaby–Metrotown band being the single most oversupplied price segment in the region. Oversupply is not automatically a buying signal. It is a negotiating signal. A soft market rewards buyers who pick the right building and punishes buyers who simply pick the biggest discount. Those are two different decisions. What is actually on the table right now Across Metro Vancouver, developer incentives currently range from roughly $10,000 to north of $100,000 per…

This article is part of the PresaleProperties.com BC real estate guide library. It is intended for buyers comparing presale condos, townhomes, assignments, deposits, completion timelines, neighbourhoods and developer incentives across Metro Vancouver and the Fraser Valley.

Because presale information changes quickly, readers should verify current project pricing, floor plans, incentives and availability before signing contracts or submitting deposits. For direct help, call 672 258-1100 or request VIP access on the relevant project page.