Lower Mainland, British Columbia Updated June 8, 2026 Best Mortgage Rates inBurnaby SkyTrain corridor demand with price correction 🏠 Avg. Home Price $1,050,000 -2.2% YoY 🏢 Avg. Condo Price $685,000 📅 Days on Market 30 ⭐ Best 5-Yr Fixed 4.04% Get Pre-Approved Today Calculate Payments 📊 Rate Comparison Compare Mortgage Rates in Burnaby Get personalized rates for your city See local market data and mortgage tips Enable Location Updated June 8, 2026 Today's Best Mortgage Rates Compare discounted rates from Canada's top lenders. These are actual rates you can get - not posted bank rates. Prime Rate 4.45% Apply Now → Best 5-Yr Fixed 4.04% Apply Now → Best Variable 3.50% Apply Now → Featured Mortgage Rates Best discounted rates available today – sorted by lowest rate Term Lender Best Rate 5-Year Variable National Bank 3.50% Get This Rate 3-Year Fixed National Bank 3.89% Get This Rate 4-Year Fixed National Bank 3.99% Get This Rate 5-Year Fixed National Bank 4.04% Get This Rate 2-Year Fixed National Bank 4.24% Get This Rate 7-Year Fixed National Bank 4.54% Get This Rate 1-Year Fixed MCAP 4.69% Get This Rate 10-Year Fixed MCAP 4.69% Get This Rate Ready to Lock In Your Rate? Get pre-approved in minutes. No obligation, no credit impact. Get Approved Today * Rates shown are discounted rates for insured mortgages. Rates may vary based on credit profile, down payment, and property type. Subject to change without notice. OAC. 🏙️ Market Overview Burnaby Mortgage Market Overview 2026 Burnaby offers a $150,000 discount to Vancouver while providing excellent SkyTrain connectivity. The average home price of $1,050,000 includes significant new condo development around Metrotown and Brentwood stations. The market has corrected 2.2% year-over-year, improving buyer conditions. Many first-time buyers choose Burnaby over Vancouver for better value while maintaining urban lifestyle and transit access. 💡 Local Insights Mortgage Tips for Burnaby Buyers Expert advice tailored to the local Burnaby real estate market. First-Time Buyers Metrotown condos offer excellent transit access at lower prices than Vancouver. Min. down payment: $52,500 (5% of avg. price) Refinancing SkyTrain proximity supports strong equity growth over time. Investment Property Rental demand is strong near BCIT and SFU campuses. Ready to buy in Burnaby? Get pre-approved in minutes. No obligation, no credit impact. See what you qualify for today. Get Pre-Approved Free → 📍 Neighborhoods Popular Areas in Burnaby Metrotown Brentwood Lougheed Edmonds Burnaby Mountain Burnaby Heights 🏦 Local Lenders Top Mortgage Lenders in Burnaby We compare rates from these and 50+ other lenders to find you the best deal. TD Canada Trust RBC Vancity Coast Capital BlueShore Financial ❓ FAQ Frequently Asked Questions About Mortgages in Burnaby Is Burnaby a good alternative to Vancouver? Absolutely. Burnaby offers SkyTrain access to Downtown Vancouver in 20-30 minutes, with home prices $150,000-$200,000 lower. The Metrotown and Brentwood areas have developed significant urban amenities, reducing the need to travel to Vancouver for shopping and entertainment. Get the Best Mortgage Rate in Burnaby Work with a local mortgage expert who understands the Burnaby market. We compare rates from 50+ lenders to save you thousands. ✓ Free, no-obligation quote ✓ No credit impact ✓ 50+ lenders compared Get Your Free Quote Calculate Payments Verico MortgagePal Inc. Regulated by the BC Financial Services Authority (BCFSA). Related Mortgage Guides BC CMHC Insurance: When You Need It and How It Works Kamloops Real Estate: Thompson-Okanagan Gateway Rental Property HELOC vs Refinance for Renovations: The 2026 Comparison Investment Property Renewal: Why Your Bank Is Not Offering the Best Rate (And What to Do About It) Refinancing a Rental to Buy Another: The Equity Take-Out Strategy in 2026
