Cheapest Presales in Burnaby (2026)

The lowest-priced presale currently selling in Burnaby is Kwasen Village, starting from $372,508, with completion estimated in 2028. The next lowest is Reign Metrotown from $400,000. Both figures are the developer's published starting price for the smallest home in the project, before options, GST or negotiation, and they change without notice. All 30 projects selling in Burnaby are ranked by price in the table above.

Yes — 5 of the 30 presale projects currently selling in Burnaby start under $500,000. The lowest are Kwasen Village (from $372,508), Reign Metrotown (from $400,000) and The Standard (from $439,900), with 2 more below the $500,000 mark. A starting price is for the smallest floorplan in the building, so the homes at that price are typically studios or one-bedrooms.

Across the 30 presale projects selling in Burnaby today, the median entry price works out to about $1,150 per square foot. That is each project's lowest published price divided by its smallest published floorplan, then medianed across projects — an entry-level figure, not an average price per square foot for the Burnaby market as a whole. Larger and higher floorplans in the same buildings typically price above it.

Presale deposits in BC generally total 10% to 20% of the purchase price, paid in instalments rather than all at once — commonly an amount on signing with further instalments at set dates or construction milestones. On the cheapest Burnaby presale at $372,508, that is roughly $37,000 to $75,000 over the course of the deposit schedule. Your deposit is held in trust under the Real Estate Development Marketing Act until the developer meets the conditions for releasing it.

New homes in BC are generally subject to 5% GST. The federal First-Time Home Buyer GST Rebate returns the full amount — up to $50,000 — on new homes priced under $1 million, then tapers to zero at $1.5 million. In Burnaby, 28 of the 30 projects currently selling start under $1 million, and a further 2 projects start between $1 million and $1.5 million, where a partial rebate applies. Price is only one test — eligibility also depends on the buyer, so confirm your own position with the developer and the Canada Revenue Agency.

Of the 30 projects selling in Burnaby, 6 projects have a completion date that has already passed, 6 projects complete in 2026, 7 projects complete in 2027, 10 projects in 2028 and 1 project after that. That first group is worth a look if you don't want to wait years — a project still selling past its completion date is usually finished or nearly finished, so you can walk the actual home before you buy. Confirm the current status with the developer, because dates do slip. Every date here is a developer estimate and commonly moves by months; the outside date in your contract, not the marketing date, is what binds.

No, you can buy directly from the developer. But the staff at a presentation centre are paid by the developer and represent the developer's interests, not yours. A buyer can bring their own realtor at no cost — the commission comes out of the developer's marketing budget and the price on the price sheet is the same either way. Most developers require your realtor to register with them on or before your first visit to the sales centre, so arrange representation before you tour rather than after.