Are you searching for your next home in the vibrant heart of Burnaby? Step into this beautifully maintained condominium — located in one of Burnaby South's most sought-after neighborhoods. Whether you're a first-time buyer, investor, or planning a smart move into a growing area, this property offers an ideal blend of comfort, convenience, and community.

📍 Welcome to Burnaby South: Where Lifestyle Meets Location

This Open House in Burnaby South places you in the dynamic Metrotown area, known for its family-friendly environment and excellent connectivity. With April 2025’s sales-to-active ratio at 14.70%, the local market is balanced — signaling strong interest and stability for both buyers and sellers.

🏫 Top-Rated Schools in Your Catchment

Families will appreciate access to two of Burnaby's best public schools:

• Marlborough Elementary School: Renowned for its dual-track English and French Immersion programs.

• Moscrop Secondary School: A high-ranking academic institution with strong STEM and extracurricular offerings.

These schools not only enhance quality of life but also add long-term value to your property investment.

🏞️ Green Spaces and Recreation Just Steps Away

Live near nature while staying connected to city life. This condo is minutes from:

• Central Park: 90 hectares of forested walking trails, sports facilities, and a pitch-and-putt golf course.

• Bonsor Recreation Complex: Offers fitness classes, a swimming pool, and community activities for all ages.

• Deer Lake Park: Great for weekend hikes, kayaking, and summer concerts at the Shadbolt Centre for the Arts.

🛍️ Shopping and Transit Hub: Everything Within Reach

This home offers unmatched urban access:

• Metropolis at Metrotown – B.C.’s largest shopping mall, with 450+ stores, restaurants, and Cineplex Cinemas.

• Crystal Mall – A popular local hub for Asian groceries, food courts, and community events.

• Easy commute via Metrotown SkyTrain Station or Royal Oak Station — linking you to Downtown Vancouver in under 20 minutes.

💡 Why Buy a Condo in Burnaby South?

Thinking, “How much does a condo in Burnaby cost?” The area remains competitively priced compared to downtown Vancouver, with strong value appreciation over time. Condos here offer:

• Lower average price per square foot

• High walkability scores

• Strong rental demand

🏠 About the Property – MLS® R3000090

This condominium offers:

• 3 Bedrooms, 2 Bathrooms

• Modern open-concept kitchen with updated appliances

• Private balcony with skyline views

• Secure underground parking and storage locker

📅 Join Us for the Open House

When: May 18, 2025 | 2PM to 4PM
Where: 305 4788 Hazel Street, Burnaby South V5H 4V9

Come tour the space, ask questions, and envision your life here. Our team will be on hand to walk you through features, financing options, and local market trends.

🔑 Ready to Make a Move?

Thinking of buying? See how we can help you achieve top results →

Let me guide you through every step — from discovery to deal.

Balanced Conditions, Active Buyers, and Strategic Considerations

Market Overview

April 2025 saw a continued moderation in sales activity, while inventory levels reached their highest point since 2019.

According to the Greater Vancouver REALTORS®, a total of 2,163 residential sales were recorded — a 23.6% decline from April 2024 and 28.2% below the 10-year seasonal average.

Despite the lower sales volume, buyer interest remains strong, especially for homes that are well priced and well presented. Many submarkets are still seeing busy open houses and multiple offers on select listings.

The current market is best described as balanced. Conditions don't significantly favour either buyers or sellers but instead reward those who take a data-informed, strategic approach to pricing and presentation.

Key Indicators – April 2025

The sales-to-active listings ratio stayed within balanced territory:

• Detached homes: 9.9% (buyers' market range)

• Attached homes: 17.5%

• Apartments: 15.7%

Pricing Trends by Property Type

Price movements have remained modest month-over-month, showing overall stability despite rising inventory. However, year-over-year benchmark prices are down across all property types, with the most notable decline in townhouses.

Area Highlights

Here's a snapshot of year-over-year composite benchmark price changes in key Metro Vancouver submarkets:

• Burnaby East: $1,131,200 (▼ 3.0%)

• Burnaby North: $1,109,600 (▼ 2.6%)

• Burnaby South: $1,123,800 (▼ 3.4%)

• New Westminster: $815,500 (▼ 2.7%)

• Coquitlam: $1,080,300 (▼ 4.0%)

• Vancouver East: $1,224,400 (▲ 0.1%)

• Vancouver West: $1,336,800 (▼ 0.8%)

• Port Moody: $1,088,900 (▼ 4.1%)

These numbers reflect a softening trend overall, although Vancouver East has shown some resilience, holding steady year-over-year.

Interpreting the Market

While overall sales volume is down, market activity is still present. Buyers remain engaged, particularly where homes are:

• Accurately priced relative to recent comparable sales

• Properly prepared and marketed

• Located in high-demand neighbourhoods or property segments

On the flip side, overpriced or poorly presented listings are stagnating, contributing to high inventory levels. This creates opportunities for well-prepared buyers, especially those who are pre-approved and ready to act.

For sellers, it’s a more competitive environment, particularly in the detached segment.

Broader Economic Context

Several economic trends are shaping buyer and seller behaviour:

• Interest Rates: The Bank of Canada held its policy rate at 2.75% in April after seven consecutive rate cuts from its 2023 high of 5%.

• Mortgage Costs: Fixed rates dropped in early April but ticked back up later in the month due to U.S. bond market volatility.

• Affordability: Mortgage rates are still low by recent standards, supporting buyer purchasing power.

• Federal Election: With Prime Minister Mark Carney now leading the Liberal government, markets and consumer confidence are still adapting to new policies.

• National Trends: Across Canada, home sales were down 9.3% year-over-year in March, with softening demand indicators nationally.

These broader conditions help explain why Metro Vancouver remains an active but selective market.

Final Thoughts

The April 2025 market presents a nuanced picture:

• Sales are down from last year

• Inventory is high

• Buyers are active but deliberate

• Strategy matters more than ever

Homes that are well priced, well presented, and well located are still drawing attention — often from multiple buyers. Others are sitting.

Whether you’re buying or selling, it's essential to understand your local market dynamics and how they connect to the broader real estate landscape.