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Moovmynt IDMP-1378
Freshness12 days ago
UpdatedJul 8, 2026
Total Layouts7
Verified Layouts0 / 7
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PERLA

CONSTRUCTIONCONDOSELLING
City
BURNABY, BC
Property Type
CONDO
Address
5938 OLIVE AVENUE
Developer
POLYGON HOMES
Phase
CONSTRUCTION
Completion
Jan 2027
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 December 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. With pricing from $992,900 to over $1,118,900 and an average price of approximately $1,283 per square foot, Perla presents an opportunity to secure a future home by Polygon Homes in one of Burnaby’s most desirable and walkable urban centres.
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.

1.7% below city avg $/SF 141 other projects in BURNABY, BC
Lowest Price
$989,900
across 4 layouts
Highest Price
$1,065,900
top end of this project
Price Spread
$76,000
between min and max
Avg Price
$1,022,650
project average
Best $/SF
$1,165
lowest per square foot
Avg $/SF
$1,204
project average
Benchmark Comparison
Project Avg vs City Median
This Project City Median
Bedroom Mix7 priced units across types
2B4
3B3
2 Bed4 units · 57%
$1,031,900
Project Avg Price
$1,216 $/SF838 avg SF
5.3% premiumvs city median $979,900
3 Bed3 units · 43%
$994,900
Project Avg Price
$1,169 $/SF1,004 avg SF
28.9% discountvs city median $1,398,450
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 Bed4$1,031,900$979,900838 sf$1,216$1,198
3 Bed3$994,900$1,398,4501,004 sf$1,169$1,228
Benchmark columns reflect median values across all listings in BURNABY, BC for the same bedroom type.