How Interest Rates Are Shaping Real Estate in Burnaby & New Westminster (2025) - Adam Lloyd Real Estate

How Interest Rates Are Shaping Real Estate in Burnaby & New Westminster (2025)

How Interest Rates Are Shaping Real Estate in Burnaby & New Westminster (2025)

Adam Lloyd Team
The Adam Lloyd Home Selling Team
OCTOBER 10, 2025
📍 Burnaby & New Westminster
Burnaby residential neighbourhood home
Interest rates are more than just numbers on a chart — they directly impact how much homebuyers can afford, how sellers position their listings, and the pace of real estate across Metro Vancouver. In 2025, the Burnaby and New Westminster housing markets are adapting to shifting mortgage costs, and both buyers and sellers are adjusting their strategies.
At the Adam Lloyd Home Selling Team, we know how important it is to understand these changes so you can make confident, well-timed decisions.

What’s Happening With Mortgage Rates in BC?

Burnaby skyline and high-rise developmentsMortgage rates in BC remain the key driver of affordability. While the Bank of Canada has hinted at gradual cuts through 2025, rates are still higher than what many buyers grew accustomed to just a few years ago. Five-year fixed rates are expected to hover around 4.5%, offering some relief but keeping affordability tight.This means buyers are running the numbers more carefully, and sellers are seeing longer decision-making timelines.

Burnaby Real Estate Trends in 2025

Burnaby’s market is showing signs of moderation. Benchmark prices vary by neighbourhood, with Burnaby East inching up slightly while Burnaby North has softened. The story here is uncertainty: some segments are stabilizing, while others remain under pressure. For buyers, this creates opportunities to negotiate and find value. For sellers, competitive pricing and standout presentation are key to attracting offers in today’s cautious environment.

The New Westminster Housing Market 2025

New Westminster waterfront and Pattullo Bridge
In New Westminster, the numbers tell a different story. Inventory has been rising steadily, but sales have slowed — especially in detached homes. With more listings on the market, buyers have greater leverage and choice. For homeowners, this means pricing strategically and highlighting your home’s unique features are more important than ever. For buyers, patience and preparation could pay off with better opportunities.

What This Means for Buyers & Sellers

Modern home exterior near Burnaby and New Westminster
Buyers: Be ready to act when rates or market conditions align in your favour. Having your financing prepared is more important than ever. Sellers: Pricing is critical. Homes that are staged, marketed effectively, and priced right are the ones attracting attention. Investors: Keep a close eye on borrowing costs and rental yields. The right property in Burnaby or New Westminster can still perform well with careful due diligence.

Final Thoughts

The 2025 market in Burnaby and New Westminster is one of balance — not a runaway seller’s market, but not a deep buyer’s market either. Interest rates will continue to shape affordability, but strong local demand ensures our communities remain active and resilient. At the Adam Lloyd Home Selling Team, our job is to help you navigate these shifts with confidence. Whether you’re buying your first condo in New Westminster, upsizing in Burnaby, or investing for the future, we’ll guide you through the numbers, strategies, and timing to achieve your goals. Thinking about a move in 2025? Let’s talk about your options and how today’s interest rate environment affects your plans.

Thinking of Buying or Selling in Burnaby or New Westminster?

If you’re looking to make a move in this rapidly evolving market, now is the time to understand the new rules, opportunities, and risks. Our team provides data-driven guidance and local expertise to help you reach your real estate goals.

Download our Free Seller’s Guide

Or contact the Adam Lloyd Team for a free consultation.