Property Appraisal Services in Burnaby
Commercial and Industrial Real Estate Appraisals in Burnaby, BC
AV Appraisals Inc. provides commercial and industrial property appraisal services in Burnaby, British Columbia. Our appraisals are prepared by accredited appraisers in accordance with CUSPAP standards and are relied upon by lenders, lawyers, developers, investors, and institutional clients. Each assignment reflects the high-density, transit-oriented, and redevelopment-driven nature of the Burnaby commercial real estate market.
Local Market Context – Burnaby, BC
Burnaby’s commercial and industrial real estate market is defined by high-density development, transit-oriented growth, and significant redevelopment pressure, resulting in valuation considerations that differ materially from both Vancouver and suburban Fraser Valley municipalities. Property values in Burnaby are influenced by limited industrial land availability, strong demand for employment uses, and proximity to major transportation corridors and rapid transit infrastructure.
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Commercial and industrial activity is concentrated within established sub-markets such as Metrotown, Brentwood, Lougheed, and Big Bend, where zoning intensity, permitted uses, and redevelopment potential play a critical role in determining value. Employment lands within these areas are subject to ongoing pressure from higher-density commercial and mixed-use development, contributing to sustained demand and constrained supply for industrial and service commercial properties.
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Valuations in Burnaby frequently require careful consideration of zoning bylaws, Official Community Plan (OCP) policies, transit-oriented development frameworks, and highest and best use, particularly where properties are located near SkyTrain stations or within designated redevelopment areas. Market value conclusions must account for both existing income characteristics and longer-term land use potential in a competitive and evolving urban environment.
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This planning and market context necessitates a localized, well-supported, and analytically rigorous approach to the valuation of commercial and industrial properties within Burnaby.
Commercial & Industrial Appraisal Services in Burnaby
Burnaby is one of Metro Vancouver’s most active employment and redevelopment centres, characterized by limited industrial land, significant commercial density, and major transit infrastructure. We provide appraisal services for:
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Industrial and service industrial properties
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Urban employment and light industrial lands
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Office and professional buildings
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Retail and mixed-use commercial properties
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Income-producing investment properties
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Development, redevelopment, and land assembly sites
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Valuations are tailored to the specific zoning, density allowances, and highest and best use considerations applicable to each Burnaby sub-market.
Understanding the Burnaby Commercial Real Estate Market
Commercial property values in Burnaby are influenced by transit-oriented development, zoning intensity, redevelopment pressure, and employment land policies. Sub-markets such as Metrotown and Brentwood continue to experience significant densification, while established industrial areas face ongoing land supply constraints.
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Our Burnaby appraisal reports reflect:
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Transit access and station-area premiums
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Zoning, density, and use regulations
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Redevelopment and land assembly potential
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Industrial land scarcity
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Differences between office, retail, and employment land markets
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This localized analysis ensures opinions of value that are market-supported, defensible, and suitable for financing, legal, and investment purposes.