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Moovmynt IDMP-1378
Freshness34 days ago
UpdatedAug 11, 2026
Total Layouts15
Verified Layouts4 / 15
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PERLA

CONSTRUCTIONCONDOSELLING
City
BURNABY, BC
Property Type
CONDO
Address
5938 OLIVE AVENUE
Developer
Phase
CONSTRUCTION
Completion
Sep 2026
Description
Perla by Polygon Homes is a new concrete condo tower coming to 5938 Olive Avenue in Burnaby’s highly connected Metrotown / Maywood neighbourhood. Currently under construction and scheduled for completion in Fall 2026, Perla will rise 39 storeys and feature 335 thoughtfully designed homes with a collection of 1- to 3-bedroom layouts. Designed around the best of both parkside and urban living, Perla places residents just minutes from Central Park, a 210-acre urban oasis with walking trails, gardens, tennis courts, outdoor pools, and peaceful green space. In the other direction, residents are close to Metrotown’s restaurants, cafés, shops, everyday services, Metropolis at Metrotown, and convenient SkyTrain access. Homes at Perla are designed for modern comfort, with ceilings up to 9 feet, contemporary interiors, practical layouts, and private outdoor living space. The community offers the convenience of a central Burnaby location while still providing easy access to nature, making it a strong option for buyers looking for both lifestyle and long-term value.
Website
Community
Standalone development
This project is not assigned to any parent community.
Pricing Insights

Layout Price Range

Project-wide pricing highs, lows, and averages across all recorded layouts.

2.9% above city avg $/SF 142 other projects in BURNABY, BC
Lowest Price
$989,900
across 7 layouts
Highest Price
$1,065,900
top end of this project
Price Spread
$76,000
between min and max
Avg Price
$1,017,471
project average
Best $/SF
$1,165
lowest per square foot
Avg $/SF
$1,208
project average
Benchmark Comparison
Project Avg vs City Median
This Project City Median
Bedroom Mix15 priced units across types
2B7
3B8
2 Bed7 units · 47%
$1,021,233
Project Avg Price
$1,215 $/SF836 avg SF
6.4% premiumvs city median $959,900
3 Bed8 units · 53%
$994,900
Project Avg Price
$1,169 $/SF1,236 avg SF
24.9% discountvs city median $1,325,000
Benchmark is the median price of all listings of the same bedroom type in BURNABY, BC.
Detailed BreakdownBenchmark scope · BURNABY, BC
Bedroom TypeUnitsProject Avg PriceCity Median PriceProject Avg Sq FtProject Avg $/SFCity Avg $/SF
2 Bed7$1,021,233$959,900836 sf$1,215$1,158
3 Bed8$994,900$1,325,0001,236 sf$1,169$1,159
Benchmark columns reflect median values across all listings in BURNABY, BC for the same bedroom type.