Burnaby – Oaklands

5200-5220 Oakmount Crescent, Burnaby, BC V5H 4R7, Canada

Oaklands is built on the site of a former prison that was demolished in the early 1990s. But now it’s a place people want to live in, rather than escape from.  It is bordered by Deer Lake Park on the north and east, Oakland Street on the south and Royal Oak Avenue to the west. The small neighbourhood is comprised mostly of townhomes, many of them with expansive views to the east and north across the Central Valley and Deer Lake.

Neighbourhood amenities

Oaklands is connected to Deer Lake Park by a network of walking trails that surround the urban lake. The trails meander over boggy marshes, past bird-watching outlooks, through forests and developed park and even next to a beach. The lake itself is a popular destination for canoeists, kayakers and even pedal boaters who can escape on its tranquil waters right in the middle of a busy city.

The northern flank of Deer Lake Park is Burnaby’s cultural and artistic centre. The renowned Shadbolt Centre features studios, galleries and two performance theatres. The Burnaby Art Gallery is housed in the historic Ceperely mansion and nearby Burnaby Village Museum recreates the city as it might have been in the 1920s. The grounds are manicured with beautiful rhododendron gardens and a large festival lawn that slopes down to the lake’s northern shore is one of the most beloved venues for outdoor concerts in Metro Vancouver.

In the other direction, the busy Metrotown commercial district is just a short walk away. Three shopping malls, including the largest in British Columbia, meet pretty much any shopping, dining or entertainment need.

Schools

Transit

Oaklands is located near Royal Oak and Metrotown Station. In addition, this neighborhood is located right off Kingsway which offers a direct route into Vancouver.

Oaklands real estate

Oaklands’ attached homes such as condos and townhouses, make it more affordable for new families and first time homeowners.

Burnaby – Oaklands Prices & Stats

Burnaby – Oaklands Condo Prices

YearAverageHighLowMedian
2010408,364528,000290,000415,000
2011478,200520,000432,000497,000
2012440,000440,000440,000440,000
2013390,473480,000228,000401,000
2014351,278451,000238,000355,000
2015389,167565,000214,000402,500
2016466,993562,000295,000501,575
2017526,850742,000290,000536,000
2018649,125800,000495,000682,500
2019503,400617,000395,000495,000

Burnaby – Oaklands Townhouse Prices

YearAverageHighLowMedian
2010770,0501,000,000665,000770,500
2011812,2281,188,800680,000759,000
2012817,6671,143,000682,000818,000
2013783,7071,080,000663,800755,000
2014808,7781,005,000655,000824,000
2015873,8131,153,000726,000799,000
20161,201,0351,649,000900,0001,103,000
20171,159,3821,338,0001,016,0001,130,600
20181,195,6801,518,0001,025,0001,188,000
20191,260,8331,580,0001,030,0001,150,000