Metrotown, Burnaby | Neighbourhood Profile

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Contains information licensed under the Open Government Licence - Burnaby. The maps and map data are provided "as-is" and are not legal surveys or legal descriptions. Faith Wilson Realty Group Inc. explicitly disclaims any representations and warranties as to the accuracy, timeliness, or completeness of maps and data. These maps and data are created from multiple city, provincial, federal and private sources, including Google Maps and the BCNREB, CADREB, FVREB, REBGV. The source data may contain errors. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.

The vibrant heart of Burnaby.

Officially designated by the City of Burnaby as a town centre, in addition to a Metro Vancouver regional town centre, Metrotown is a complete neighbourhood in South Burnaby. While Metrotown is famous as a shopping and entertainment destination, it is also one of the finest places to live when it comes to tower-style condominium living. Dating back to when Skytrain arrived in December 1985, deluxe 1 & 2 bedroom condo towers and commercial buildings have made for a dramatic Burnaby skyline. Today with developers responding to market demand, particularly with downsizing baby boomers, current new and planned luxury towers in the Metrotown neighbourhood have room for families with 2 bedroom and den and 3 bedroom suites with sliding wall balconies available for the discerning buyer. As a destination, Metrotown is one of the true shopping meccas in Canada’s west. With the combined impact of Metropolis, the Crystal Mall, Station Square and Silver City, the Metrotown neighbourhood has over 500 shops and services, all easily accessed by Skytrain, bus and vehicle.

…recreation amenities include tennis courts, an outdoor swimming pool, pitch and putt golf course, and Swangard Stadium

Central Park on the western edge of the neighbourhood, is a tall-timber green escape that is enjoyed by Metrotown residents both young and old. Local recreation amenities include tennis courts, an outdoor swimming pool, pitch and putt golf course, and Swangard Stadium.

Burnaby School District 41 has three primary grade schools the Metrotown neighbourhood including Maywood, South Slope and Nelson Elementary Schools. For grades 8 to 12, there’s Burnaby South Secondary which includes the British Columbia Provincial School for the Deaf.

According to a recent census, over 53% of residents who live near Metrotown Skytrain Station commuted to work by public transit, currently the highest in all of Metro Vancouver. The area is also served by the Patterson and Royal Oak Skytrain stations. The Skytrain stations and Kingsway also provide bus links heading in all directions. For vehicle drivers, historic Kingsway the traditional link between New Westminster and Vancouver waterfronts, provides access to other areas of Burnaby and beyond.

Video
Neighbourhood Resources

Metrotown Video

Below is a list of external links to websites that contain useful information about the Metrotown neighbourhood.

Metropolis at Metrotown
"Find what you love" in this enormous retail mall.
Kawawa Japanese Restaurant
An extensive menu including ramen, plus an all-you-can-eat option are offered in a roomy setting.
Michael J Fox Theatre
Performing arts theatre.

Metrotown Active Listings Summary | as of March 3, 2021

The table shown below is a current snapshot of all the active listings in Metrotown, 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.

Quick Tip: Gain instant access to all of the related listings by selecting a row in the table and pushing the button below.

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Metrotown MLS^® HPI Benchmark Prices | February, 2021

Current Benchmark Price (1 Storey Detached):
$1,464,500

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 1 Storey Detached home in Metrotown.

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.

Historical Benchmark Price Changes (1 Storey Detached)

Current Benchmark Price (2 Storey Detached):
$2,010,800

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 2 Storey Detached home in Metrotown.

Historical Benchmark Price Changes (2 Storey Detached)

Current Benchmark Price (Apartment):
$638,800

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment home in Metrotown.

Historical Benchmark Price Changes (Apartment)

Current Benchmark Price (Single Family Detached):
$1,781,300

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Single Family Detached home in Metrotown.

Historical Benchmark Price Changes (Single Family Detached)

Current Benchmark Price (Townhouse):
$736,200

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Townhouse home in Metrotown.

Historical Benchmark Price Changes (Townhouse)

Metrotown Market Trends

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.

Quick Tip: Click on a property type in the chart’s legend to dynamically remove or add that line to the chart.