At a glance

Royal Oak is a residential area south of Kingsway with a mix of houses, townhouses and mid-rise apartments close to the Royal Oak SkyTrain station. About 18% of homes are detached and 51% are apartments, 38% of households rent, and owners valued the median home at about $1.15M in the 2021 census.

Median home value (est.)
$1.14M*
* est.: 2021 census, indexed to September 2026 · city $1.09M
Residents
28,350
scaled estimate for mid-2025, up from 26,295 at the 2021 census
Households renting
38%
city 36%
Homes that are apartments
51%
city 38%

What the numbers mean

  • Owners valued the median home at $1.15M in the 2021 census. Indexed to September 2026 prices with the Greater Vancouver MLS® Home Price Index (-7% since then), that is about $1.14M, close to the Vancouver suburbs median of $1.09M. It is an estimate: the index tracks the whole region, not this neighbourhood.
  • 38% of households rent, close to the 36% city-wide.
  • 28% of residents are 25 to 34. It skews young-professional.
  • 51% of homes are apartments (38% city-wide), so a condo is the usual way in.

Who lives here

Share of residents by age, scaled estimate for mid-2025, up from 26,295 at the 2021 census.

0-1413%
15-194%
20-247%
25-3421%
35-4415%
45-5412%
55-6413%
65+15%

Homes

Share of homes by type, scaled estimate for mid-2025, up from 26,295 at the 2021 census.

Single-detached18%
Semi-detached4%
Row house7%
Duplex flat20%
Apartment under 5 storeys34%
Apartment 5+ storeys17%

Upfront closing costs1

BC charges a tiered property transfer tax: 1% on the first $200,000, 2% to $2 million, then 3%, and 5% above $3 million. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.

BC property transfer tax
$20,720
on $1.14M

How it's changing

These municipalities don't publish building permits by neighbourhood, so we can't chart construction here yet.

Safety

Neighbourhood-level crime figures aren't available for Burnaby. Policing there is by the RCMP or a municipal police department, and neither publishes open crime counts by neighbourhood. Check Statistics Canada's crime tables for municipality-wide trends, and the local police website for crime maps. Why this is missing.

Sources and notes

  1. Source: Province of British Columbia, Property transfer tax. 2026 rules, applied to this community's median census home value, indexed to September 2026 with the MLS® HPI. First-time buyer and newly built home exemptions are not deducted. Legal fees, title insurance, inspection and adjustments are extra. ↩