Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 9.69
Mortgage as Percentage of Income: 81.50%
Loan Affordability Index: 1.23
Price to Rent Ratio - City Centre: 16.04
Price to Rent Ratio - Outside of Centre: 17.26
Gross Rental Yield (City Centre): 6.23%
Gross Rental Yield (Outside of Centre): 5.79%
Rent Per Month
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1 Bedroom Apartment in City Centre 2,570.00 C$ 2,200.00-3,200.00
1 Bedroom Apartment Outside of City Centre 2,148.00 C$ 1,840.00-2,500.00
3 Bedroom Apartment in City Centre 5,195.00 C$ 4,280.00-7,000.00
3 Bedroom Apartment Outside of City Centre 3,500.00 C$ 3,000.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 882.00 C$ 790.99-1,003.34
Price per Square Feet to Buy Apartment Outside of Centre 719.55 C$ 624.30-790.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,446.17 C$
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.72 4.45-6.90

These data are based on 66 entries from 12 contributors over the past 18 months.
Last update: 2 February 2026

Sources and References
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