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Renanza Realty
Burnaby · Neighbourhood

Deer Lake Real Estate

Explore homes and condos for sale in Deer Lake, one of Burnaby's neighbourhoods. Live MLS® listings, updated continuously, plus a direct line to a Renanza agent who knows the area.

Market snapshot

The Deer Lake market right now

Deer Lake currently has 124 active listings. Most homes for sale are priced between $643K and $2.80M, with a median around $1.60M. Detached houses make up the largest share of the market.

124
Active listings
124
For sale
$1.60M
Median list price
$643K–$2.80M
Typical range
$731
Median price / sq ft
54
Median days listed
10
New in last 7 days
2004
Median year built

Deer Lake prices by bedrooms

BedroomsActive listingsMedian asking price
19$549K
229$749K
313$1.39M
4+71$2.00M

Figures reflect current active MLS® listings and update as the market moves.

Neighbourhood guide

Living in Deer Lake

Deer Lake is an established, largely low-density residential area regarded as Burnaby's cultural hub, wrapped around Deer Lake Park in central Burnaby. It includes several higher-end enclaves and the city's main arts and heritage venues.

Location & boundaries

It lies in central Burnaby around Deer Lake, roughly between Burnaby Lake and Metrotown and near Burnaby City Hall, and takes in areas such as Deer Lake Place, Upper Deer Lake and Buckingham Heights.

History

The nearby Oakalla lands, once a provincial prison farm, were redeveloped for housing and parkland after the facility closed, under a city development plan adopted in the early 1990s.

Housing & property types

Housing is mostly low-density single-family homes, including large custom-built houses in Buckingham Heights, with denser townhouses and apartments concentrated toward Oakland Street to the south.

Parks & recreation

Deer Lake Park has walking trails, open meadows and a lake, and connects the area's cultural facilities on foot.

Schools

Public schools serving the area are operated by the Burnaby School District (School District 41).

Attractions & landmarks

The Shadbolt Centre for the Arts, the Burnaby Art Gallery in the historic Fairacres Mansion, and the open-air Burnaby Village Museum with its restored carousel all sit within the park.

Community facilities

The Shadbolt Centre for the Arts and Burnaby Art Gallery act as the city's principal cultural civic facilities.

Who it may suit

May suit buyers wanting quiet, higher-end detached homes near parkland and cultural venues.

Sources: burnaby.ca, en.wikipedia.org, en.wikipedia.org, rew.ca, faithwilson.com

Neighbourhood snapshot — Burnaby

Statistics Canada, 2021 Census of Population for Burnaby, City (CY) [Census subdivision], British Columbia. These figures describe the city as a whole, not this specific address — useful context, not a substitute for local knowledge. View source

Population

249,125

Total population

+7%

Growth since 2016

40.4

Median age

Income

$83,000

Median household income

Household

2.4

Avg. household size

29.2%

Live alone

59.8%

Families w/ kids

Housing

60.5%

Owned

39.5%

Rented

$980,000

Median dwelling value

Apartment69.4%
Single-detached house18.9%
Row house / townhouse8.7%
Other3.0%

Education

Highest credential, ages 25–64

Bachelor's degree or higher47.2%
Trades or college diploma26.6%
High school diploma20.4%
No certificate, diploma or degree5.8%

Commute

How residents get to work

Car, truck or van71.0%
Public transit21.6%
Walked4.7%
Bicycle0.9%
Other1.8%

Languages

Mother tongue, top responses

English41.5%
Mandarin13.7%
Cantonese12.1%
Korean3.3%
Tagalog3.0%

Buying a home in Deer Lake

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Frequently asked

If yours isn't here, ask us directly — we'd rather answer it now.

How much does a home cost in Deer Lake?

The median asking price for homes currently for sale in Deer Lake is about $1,600,000, and most are listed between $643,000 and $2,800,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Deer Lake right now?

There are 124 active listings on this page's search, 10 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Deer Lake?

Median asking prices by bedroom count in Deer Lake right now — 1 bedroom: about $549,000; 2 bedrooms: about $749,000; 3 bedrooms: about $1,388,000; 4+ bedrooms: about $1,996,000. Based on 122 active listings.

What is the price per square foot for homes in Deer Lake?

The median asking price per square foot of living area is about $731 across homes currently listed in Deer Lake. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Deer Lake been on the market?

The typical active listing here first came on the market about 54 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Deer Lake?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Thinking about Deer Lake?

Tell us what you're after in Deer Lake and we'll send matching listings the moment they hit the market.