The TL;DR:
The Reality: Brentwood is in a Balanced Market with a 15.7% sales-to-active ratio. While some units move in days, the overall market is steady and selective.
The Trend: Burnaby North has seen a significant 9.3% year-over-year correction. We are no longer in the 2025 market; success now requires pricing for today’s absorption rates.
The Strategy: Liquidity is currently highest in the $500k–$750k band. Once you cross the $1M threshold, sales volume drops significantly as buyers hit a major psychological search filter.
At a Glance: March Snapshot
| Metric | Brentwood Park (Condos) | Burnaby North (Condos) |
| Benchmark Price | $740,518 (-5.1% YoY) | $687,800 (-9.3% YoY) |
| Sales-to-Active Ratio | 15.7% (Balanced) | 16.2% (Balanced) |
| Median % of List Price | 96.2% | 95.8% |
| Median Days on Market | 24 Days | 28 Days |
March "Hero" Sales
Highest Sale: $1,425,000 (3-Bed Penthouse, The Amazing Brentwood 3)
Lowest Sale: $535,000 (1-Bed, Older Woodframe on Dawson St)
The Efficient Sale: 3 Days on Market (Concord Brentwood 1-Bed+Den)
The Narrative: A Tale of Two Markets
If you look at the broad headlines for Burnaby North, the 9.3% year-over-year benchmark drop is the figure that stands out. It’s a notable correction that has reset the baseline for the entire region. Inside the Brentwood Park pocket, we are seeing slightly more resilience, but we are still firmly in a Balanced Market.
With a 15.7% sales-to-active ratio, success in this market is no longer a given. For every 10 neighbors putting a sign in the ground, only about 1.5 are seeing a "Sold" sticker. To be that one person who sells, you have to understand exactly where the buyers are spending their money.
The Price Band Reality: Where the Liquidity Is
Our data shows that the Brentwood market isn't moving uniformly. When we look at where sales are actually closing, a clear "Liquidity Map" emerges:
The High-Activity Zone ($500k – $750k): This remains the engine of the Brentwood market. This bracket has the highest concentration of sales and the lowest average days on market. Buyers here are active and decisive.
The $1M+ Friction Point: There is a notable drop-off in sales velocity once we cross the million-dollar threshold. This appears to be a major psychological search filter. If your listing is positioned just above this mark (e.g., $1,025,000), you are competing for a significantly smaller pool of buyers who have adjusted their search filters to "luxury" tiers.
The "Failed" Listing Lesson
This month, 70% of the listings that didn't sell were "Terminated" and immediately re-listed at a lower price. This is the definition of "Chasing the Market." If you price your condo based on what your neighbor got at the peak of 2025, you risk becoming stale inventory.
The units that sold within the first 10 days this month achieved a much higher percentage of their asking price than those that sat for 30+ days. In this environment, your first price is your best opportunity to capture the most motivated buyers.
What This Means for You:
For Sellers: A balanced market means neither side has total leverage, but the 96% median sales-to-list tells us that buyers are negotiating hard. If you aren't seeing inquiries within the first two weeks, the market is giving you a very clear signal that your value proposition isn't aligned with the current price band.
For Buyers: You have more leverage than you’ve had in years, but quality inventory still moves. While most sales involved a negotiation, the newer concrete towers are still the first to go. Focus your search on "stale" inventory—units that have passed the 21-day mark—to find where your leverage is highest.
The Bottom Line:
The "rules" of the market haven't changed, but the margin for error has disappeared. Whether you are looking at a 20-year-old building on Dawson or a brand-new tower in the Amazing Brentwood, your strategy needs to be as specific as the data suggests.
Curious how your specific building or price bracket is performing against these March averages? Let’s connect and look at the floor-plan-specific data to help you make an informed decision.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.