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Below is a list of external links to websites that contain useful information about the Government Road neighbourhood.
Nestled between Burnaby Lake and Burnaby Mountain, the enviable Government Road neighbourhood is centrally located with Lougheed Highway to the north, Gaglardi Way in the east, Burnaby Lake to the south and Kensington Avenue through Burnaby Lake Park in the west. The most common type of housing you’ll find in the Government Road neighbourhood in the single family home, many on substantial size lots with detailed landscaping. There is a small selection of duplexes and townhouses in Government Road. Over 90 percent of the homes in this central Burnaby neighbourhood are owner occupied. Proving the desirability of this Burnaby enclave, singer Michael Bublé is building a mansion style abode on Government Road complete with swimming pool, tennis court and indoor ice rink.
…shops, services & restaurants of Lougheed Town Centre only a few minutes away
For decades residents of Government Road have enjoyed the shops, services & restaurants of Lougheed Town Centre only a few minutes away. Soon Lougheed will transform to one of the largest shopping destinations in Greater Vancouver, with a magnificent 320 metre long covered outdoor, pedestrian-only galleria. There is a number of big box stores in the Government Road neighbourhood including Costco and Staples. Shopping at Brentwood Town Centre is also a quick drive away along Lougheed Highway. In addition, nearby Burnaby Mountain has Horizons Restaurant, famous for its regional cuisine and stunning views of the city.
Seaforth Elementary on Government Road with grades K to 7 is recognized for its French Immersion Program. For high school students, nearby Burnaby Mountain Secondary is just off Lougheed and Gaglardi Way. Government Road has quick access to downtown Vancouver and east/west destinations with three Skytrain Stations – Sperling, Lake City and Production Way/University. Bus service is also available linking Vancouver and Metrotown.
The table shown below is a current snapshot of all the active listings in Government Road, segmented by residential property types. The second column is a calculation of the current median asking price, while the third column is the summed total of all active listings for the related property type. Please note that this table is updated every 24 hours.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 1 Storey Detached home in Government Road.
The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 2 Storey Detached home in Government Road.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment home in Government Road.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Single Family Detached home in Government Road.
The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Townhouse home in Government Road.
The MLS® Home Price Index is modelled on the Consumer Price Index (CPI) which measures the rate of price change for a basket of goods and services including food, clothing, shelter, and transportation. Instead of measuring goods and services, the HPI measures the change in the price of housing features. Thus, the HPI measures typical, pure price change (inflation or deflation).
The graph below charts the historical Home Price Index over a 3 year period.
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