Burnaby is a city in British Columbia, Canada, part of Metro Vancouver and immediately to the east of the City of Vancouver. It is the third-largest city in British Columbia by population, following Vancouver and nearby Surrey.
Burnaby was incorporated in 1892 and achieved its city status in 1992, 100 years after incorporation.
It is the seat of Metro Vancouver's regional government.
Coquitlam borders it on the north, the Coquitlam River borders it on the west, and the city of Pitt Meadows lies across the Pitt River. Port Coquitlam is almost entirely bisected by Lougheed Highway. Port Coquitlam is often referred to as “PoCo.”
Port Moody is the smallest of the Tri-Cities, bordered by Coquitlam on the east and south, and Burnaby on the west. The villages of Belcarra and Anmore, along with the rugged Coast Mountains, lie to the northwest and north respectively. It is named for Richard Clement Moody, the first Lieutenant-Governor of the Colony of British Columbia
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The MLS® HPI is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.
A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales.
To get a median price, all of the sales prices are arrayed in numeric order. In the case of an even number of sales, the median is the highest price in the lower half of the group. If there is an odd number of sales, the midpoint sale is taken as the median.