Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 9.70
Mortgage as Percentage of Income: 74.99%
Loan Affordability Index: 1.33
Price to Rent Ratio - City Centre: 18.78
Price to Rent Ratio - Outside of Centre: 17.26
Gross Rental Yield (City Centre): 5.33%
Gross Rental Yield (Outside of Centre): 5.79%
Rent Per Month
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1 Bedroom Apartment in City Centre C$2,462.50 2,200.00-3,200.00
1 Bedroom Apartment Outside of City Centre C$2,148.00 1,840.00-2,500.00
3 Bedroom Apartment in City Centre C$3,870.00 3,300.00-7,000.00
3 Bedroom Apartment Outside of City Centre C$3,500.00 3,000.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre C$883.62 790.99-1,003.34
Price per Square Feet to Buy Apartment Outside of Centre C$719.55 624.30-790.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) C$4,446.17
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.71 4.45-6.00

These data are based on 62 entries from 11 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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