How Much Does a New Fourplex Home Cost in Burnaby? Asking Prices for 2026

A home in a new Burnaby fourplex costs between $1,149,900 and $2,633,000 at the asking prices of October 28, 2026. On October 28, 2026, 28 of these homes, all built in 2025 or later, were listed for sale on the MLS® system, and the middle asking price was $1,488,000. You can see every one of them, with its price, size and address, on our Burnaby fourplex page.

We counted listings whose MLS® record gives four as the number of homes in the building. Another 21 Burnaby listings leave that number blank, but their own text says the building holds four homes, or another listing at the same street address gives four. With those, Burnaby had 49 fourplex homes for sale on October 28; the figures on this page cover the 28. Of the 28, most were finished this year: 24 of the 28 give 2026 as the year built, 3 give 2025 and 1 gives 2027.

What the price buys

Bigger homes cost more, and the bedroom count shows it. The middle home has 4 bedrooms and 2,008 square feet of living space, rounded to the nearest foot. Divide each asking price by the home's size and the middle result is $764 per square foot.

• 3 bedrooms: 6 homes, middle asking price $1,328,900, middle size 1,501 square feet.
• 4 bedrooms: 16 homes, middle asking price $1,519,900, middle size 2,008 square feet.
• 5 bedrooms or more: 6 homes, middle asking price $1,653,900, middle size 2,508 square feet.

No home of 1 or 2 bedrooms was for sale in a Burnaby fourplex that day. If you need a smaller home, look at duplexes and townhomes too.

Where in Burnaby

Two areas held 12 of the 28 homes. Willingdon Heights had 6, with a middle asking price of $1,328,900. Sperling-Duthie also had 6, at $1,567,000. Highgate had 3 at $1,448,800, and Vancouver Heights had 3 at $1,477,000. The rest were spread across seven other areas, with one or two homes each.

In our view, Willingdon Heights is the place to start if your budget is near $1.3 million. Of the four areas with three or more homes for sale, it had the lowest middle asking price. Our Willingdon Heights guide covers schools and streets.

The $1.5 million line

One price matters more than the others: $1.5 million. Under federal rules, a home priced below it can be bought with 5 percent down on the first $500,000 and 10 percent on the rest, according to the Financial Consumer Agency of Canada. A home priced at $1.5 million or more needs 20 percent down.

By our own calculation from those rules:

• At $1,488,000, the middle asking price, the smallest down payment is $123,800.
• At $1,519,900, the middle 4 bedroom home, it is $303,980.

That is a gap of $180,180 for homes $31,900 apart. 16 of the 28 homes were priced under $1.5 million, and 12 were at or above it. If you are buying with less than 20 percent down, filter to the 16.

What you pay on top of the price

GST. A new home carries 5 percent GST in BC, according to the Canada Revenue Agency. At $1,488,000 that is $74,400. Ask the listing agent whether the asking price includes GST, because listings differ.

The first-time buyer GST rebate. The Canada Revenue Agency pays up to $50,000 at or below $1 million, and nothing at $1.5 million or more, with the amount falling in a straight line between. At $1,488,000 the rebate falls to $1,200, by our calculation from CRA's own example. For most Burnaby fourplex homes, plan as if there is no rebate.

Property transfer tax. BC's newly built home exemption is full up to $1,100,000 and ends at $1,150,000, according to the Province of BC. 27 of the 28 homes were priced above $1,150,000, so expect to pay the full tax.

Questions buyers ask

Is a fourplex home cheaper than a half duplex in Burnaby?

It depends on size more than on the type of building. Compare homes with the same number of bedrooms, and compare price per square foot. Our price per square foot guide shows how to do it with two listings side by side.

Do the prices include parking?

Each listing states its parking. Read the listing, and ask whether the space is part of your home's title or is shared with the other three homes.

Where can I see the asking prices?

The 28 homes whose record gives four homes in the building show on our Burnaby fourplex page and on all fourplex listings, with its brokerage. REALTOR.ca shows the same MLS® listings, mixed in with every other kind of home.

Will prices change by the time I buy?

Yes. Asking prices change as homes sell, new ones are listed and sellers lower their price. The figures here are a count from one day. Check the live page before you plan a budget.

Next step

If a home on the list fits your budget, talk to our team. We will pull the listing details, confirm what the price includes, and book a showing.

General information only. The down payment, GST, rebate and transfer tax figures on this page are examples based on asking prices and on the rules in force on October 30, 2026. They are not financial, mortgage or tax advice. Rules and prices change. Speak to a licensed mortgage broker and a tax professional before you make an offer.

Sources

• Financial Consumer Agency of Canada, "How much you need for a down payment", page dated October 15, 2025, read October 30, 2026.
• Canada Revenue Agency, first-time home buyers' GST/HST rebate, "What is the rebate", page dated March 30, 2026, read October 30, 2026.
• Canada Revenue Agency, GST/HST rates by province, modified April 1, 2025, read October 30, 2026.
• Province of BC, newly built home exemption, read October 30, 2026.
• MultiLiving count of Active MLS® listings in Burnaby whose building holds four homes, counted October 30, 2026, 11:01 PM PT, from listings last updated October 28, 2026, 10:33 PM PT. Our copy of the MLS® listings holds homes built in 2025 or later.