Burnaby is one of the fastest-growing cities in Metro Vancouver. Known for its blend of urban convenience, natural spaces like Deer Lake and Burnaby Mountain, and access to Vancouver via the SkyTrain, it’s a place many people consider when looking for a home. But with its increasing popularity, the question comes up more and more: Is Burnaby expensive to live in? Let’s break it down.
1. Burnaby at a Glance
Located between Vancouver and the Fraser Valley, Burnaby is the third-largest city in British Columbia by population. It’s known for its strong community programs, cultural diversity, and central location. The city’s rapid growth over the past few years has led to major developments, especially around Metrotown and Brentwood.
2. Housing Costs
Housing is the biggest factor affecting the cost of living in Burnaby. With Burnaby’s close proximity to Vancouver, real estate prices have climbed significantly in the last few years.
Home Prices
In 2025, the average price for a detached home in Burnaby is well over $1.8 million. Townhouses sit around $1.1 million, while condos range from $650,000 to $850,000 depending on the area and amenities. Areas like Brentwood and Metrotown command higher prices due to new high-rise developments, shopping centres like Metropolis at Metrotown, and easy access to SkyTrain stations.
Renting in Burnaby
If you're looking to rent, expect to pay:
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1-bedroom condo: $2,400/month
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2-bedroom condo: $3,200/month
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Basement suite: $1,600–$2,000/month
Prices are slightly more affordable than downtown Vancouver, but higher than areas like New Westminster or Coquitlam.
3. Transportation Costs
Burnaby is well-connected with the SkyTrain and TransLink bus services. Many people use public transit to avoid driving costs.
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Monthly TransLink pass (zones 1–2): $147
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Gasoline: Around $1.85/litre
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Parking: Some areas require paid permits, especially near malls and transit hubs
Cycling is also popular, with improved bike lanes and routes along Central Park and around Burnaby Lake.
4. Groceries and Food
Food prices are similar to the rest of Metro Vancouver. Burnaby has a variety of grocery options, from major chains to local produce markets.
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Grocery bill for a family of four: Around $1,200/month
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Dining out:
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Casual meals: $18–25 per person
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Mid-range restaurants: $60–90 for two people
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You’ll find everything from fast food to high-end spots at locations like The Amazing Brentwood and Crystal Mall, which also has a vibrant food court and local Asian grocery stalls.
5. Utilities and Services
For a standard two-bedroom apartment or home, monthly utility costs (electricity, heating, water, garbage) average around $150–$200. Internet plans cost about $85/month, with various providers operating in the area.
6. Education and Childcare
Burnaby is home to Simon Fraser University, located on Burnaby Mountain, and BCIT’s Burnaby campus. For families, there’s a wide range of public and private schools.
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Childcare (full-time): $1,300–$1,800/month per child
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University tuition (SFU undergrad, domestic students): $6,500–$7,500/year
The Burnaby School District also offers unique programs including French immersion, arts academies, and international baccalaureate streams.
7. Entertainment and Recreation
Burnaby is full of parks, trails, museums, and public spaces.
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Deer Lake Park offers trails, canoeing, and access to the Burnaby Art Gallery and Shadbolt Centre for the Arts.
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Burnaby Village Museum is a favorite for families and tourists.
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Burnaby Mountain offers hiking, views of the North Shore and Fraser River, and is popular for picnics.
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Metropolis at Metrotown is the largest shopping mall in BC.
Recreation passes for public gyms, pools, and rinks cost around $55/month per adult.
8. Healthcare and Insurance
Medical Services Plan (MSP) is still premium-free in BC for residents. Most Burnaby residents access services through clinics, Burnaby General Hospital, or nearby Vancouver hospitals. Private insurance for dental and prescriptions may cost around $100–$150/month for individuals.
9. Employment and Income
Burnaby is home to tech firms, educational institutions, retail giants, and healthcare centres. Many commute to Vancouver or other parts of the Lower Mainland.
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Average household income: ~$90,000–$110,000/year
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Minimum wage: $17.40/hour in BC (as of 2025)
10. Comparing Burnaby to Nearby Cities
| City | Average Condo Price | 1-Bedroom Rent | Transit Access | Overall Cost of Living |
|---|---|---|---|---|
| Burnaby | $750,000 | $2,400 | Excellent | High |
| Vancouver | $850,000 | $2,800 | Excellent | Very High |
| New Westminster | $650,000 | $2,000 | Good | Medium |
| Coquitlam | $670,000 | $2,100 | Good | Medium-High |
Burnaby provides a good middle ground between Vancouver's high prices and more affordable suburbs like New West.
11. Is It Worth Living in Burnaby?
For many, Burnaby hits the sweet spot of convenience, services, and nature. With easy access to Vancouver, major shopping hubs, cultural venues like the Burnaby Art Gallery, and outdoor escapes like Central Park and Burnaby Lake, it’s a city that offers a lot.
Yes, it’s expensive—but you’re paying for location, safety, and quality of life. If your job is in the city or you value transit access and amenities, Burnaby might make financial sense, even with the price tag.
12. Tips for Living in Burnaby Affordably
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Consider a basement suite in areas like Edmonds or Lougheed
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Use SkyTrain and avoid owning a car if possible
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Shop at local markets instead of big chains
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Take advantage of free parks and community events
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Look for government subsidy programs, including rent assistance or family tax credits
Conclusion: Burnaby’s Real Cost in 2025
So, is Burnaby expensive? Yes, especially for housing. But the value lies in the city’s location, views, community feel, and access to parks, services, and transportation. Whether you’re a student at Simon Fraser University, a professional working downtown, or a family looking for balance, Burnaby offers an excellent lifestyle if you budget wisely.
Thinking of buying or selling in Burnaby?
As a local expert and award-winning Realtor® with the PLACE Real Estate Team – Oakwyn Realty, I can help you understand where the best value is in Burnaby’s market. Reach out today—let’s chat about how to make your next move a smart one.