burnaby Real Estate & Homes For Sale
Burnaby, nestled within Metro Vancouver, stands adjacent to the City of Vancouver to the west, while to the east lie Port Moody, Coquitlam, and New Westminster. Its northern boundary is embraced by Burrard Inlet, while the Fraser River cradles its southern edge. The southeast shares its proximity with the city of New Westminster. Among British Columbia's cities, Burnaby ranks third in population, trailing only Surrey and Vancouver. Notably, Burnaby boasts four distinct town centers: Metrotown, Lougheed, Brentwood, and Edmonds.
The roots of Burnaby's nomenclature trace back to the colonial era of British Columbia in 1858, marked by meticulous surveys led by Colonel Richard Moody. The moniker "Burnaby" pays homage to his private secretary, Robert Burnaby. Initially, the region, now Central Park, was harvested for timber to aid in the construction of British naval vessels. The advent of the Central Park interurban tram line in 1891 forged connections between Burnaby, Vancouver, and New Westminster, catalyzing rapid urbanization. Consequently, Burnaby was officially incorporated as a city in 1892.
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The evolutionary trajectory of Burnaby into a dynamic urban center is underscored by three pivotal developments. The establishment of the British Columbia Institute of Technology (BCIT) in 1960 beckoned tech enterprises, while Simon Fraser University's founding atop Burnaby Mountain in 1965 bolstered the city's academic prowess. The transformative impact of the Skytrain, especially in anticipation of Expo 86 World Exposition, rendered Burnaby significantly more accessible. In 1992, commemorating a century of municipal existence, Burnaby attained the prestigious status of a City.
With a populace tallying 232,755 as per the 2016 census, Burnaby has experienced a 4.3% upswing over five years since the 2011 census. Its demographic landscape skews toward a youthful, family-centric demographic, boasting a median age of 40.3 years. Residential real estate showcases single-family homes fetching nearly $1 million, townhouses hovering just above $500,000, and condominiums priced around $350,000. Notably, Burnaby's cost of living presents a more modest alternative to its metropolitan neighbor, Vancouver.
Burnaby's strategic locale and bustling urban economy render it an enticing hub for businesses. Flourishing sectors encompass biotechnology, education, environmental technology/services, film, information technology (IT), life sciences, light industry, new media, professional services, retail, and wireless communication. Anchored by the Environmental Sustainability Strategy (ESS), Burnaby charts a course toward a green and sustainable future.
The temperate maritime climate characterizing Burnaby bestows mild summers, cool winters, and consistent precipitation year-round. Classified as a Warm Mediterranean Climate (Csb) by the Köppen-Geiger system, Burnaby registers an average annual temperature of 10.0°C. Summers see an average temperature of 17.8°C, occasionally peaking above 30°C, while winters average 2.3°C in January. Notably, Burnaby Mountain, the city's zenith, and its environs receive more snowfall compared to neighboring Vancouver suburbs.
Employment Opportunities
Employment prospects in Burnaby are buoyed by its status as a burgeoning technology nexus, drawing multinational corporations. The median household income stands at $64,737, with an unemployment rate of 6.4%, as per the 2016 census.
In the realm of Alternative Energy/Environmental Technology/Services, stalwarts such as Ballard Power, Delta – Q, General Fusion, and Schneider Electric anchor themselves in Burnaby. Notable players in the Biotechnology/Health/Life Science sector include Amgen, Life Labs, Tekmira, Sorin Group, and Xenon Pharmaceuticals. Similarly, in the Film/Digital Entertainment/New Media sector, titans like Electronic Arts Canada, Bridge Studios, Global BC, Knowledge Network, Mammoth Studios, and The Bridge Studios hold sway. Information Technology/Communications/Wireless sector is enriched by the presence of Alpha Technologies, Creation Technologies, D-Wave, IBM, Nokia, Telus, and Traction on Demand.
Education
In addition, Burnaby's landscape is dotted with educational institutions catering to diverse needs. Burnaby's public school system, overseen by School District 41, encompasses 41 elementary schools (K - 7) and 8 secondary schools (8 - 12), with an enrollment of approximately 24,065 students. Moreover, post-secondary options abound, with Simon Fraser University (SFU) and the British Columbia Institute of Technology (BCIT) attracting domestic and international scholars alike.
Shopping/Dining
Embracing a vibrant tapestry of shopping and dining experiences, Burnaby captivates denizens and visitors alike. Prominent retail destinations include Metropolis at Metrotown, City of Lougheed, The Heights, Brentwood Town Centre, and Crystal Mall. Culinary adventures beckon at eateries such as Burgers Etc. BBQ House, Cockney Kings Fish & Chips, Little Minh's Kitchen, Lougheed Village Bar & Grill, and Safari Snack House, offering a diverse range of gastronomic delights.
Transportation
Transportation infrastructure in Burnaby is robust, bolstered by efficient roadways and an integrated transit system. Downtown Vancouver lies a mere 27 minutes away via E Hastings St, while Vancouver International Airport (YVR) is accessible within 36 minutes via SE Marine Dr. TransLink's multi-modal transit network, inclusive of SkyTrain's Expo and Millennium lines, ensures seamless connectivity within Burnaby and its neighboring municipalities.
Arts and Entertainment
Cultural enrichment thrives in Burnaby, with Deer Lake Park serving as a nucleus for artistic endeavors. The Burnaby Art Gallery, Shadbolt Centre for the Arts, and Burnaby Village Museum offer immersive experiences for patrons of the arts. Libraries, including branches of the Burnaby Public Library and the SFU Library, cater to literary enthusiasts.
Sports and Recreation
Sporting and recreational pursuits find ample expression amidst Burnaby's verdant expanse. Parks such as Burnaby Mountain Conservation Area, Central Park, Confederation Park, and Kensington Park offer a plethora of outdoor activities. Furthermore, state-of-the-art facilities like Edmonds Community Centre, Bill Copeland Sports Centre, and Canlan Ice Sports Burnaby 8 Rinks cater to diverse recreational interests, ranging from swimming and ice sports to fitness pursuits.
Investing in Burnaby
Investment prospects in Burnaby are underscored by its burgeoning population, burgeoning technology sector, and strategic location. The city's allure lies in its blend of urban amenities, affordability, and conducive business environment, making it an ideal locale for residence, commerce, and leisure alike.
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