Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 10.07
Mortgage as Percentage of Income: 72.17%
Loan Affordability Index: 1.39
Price to Rent Ratio - City Centre: 22.81
Price to Rent Ratio - Outside of Centre: 16.06
Gross Rental Yield (City Centre): 4.38%
Gross Rental Yield (Outside of Centre): 6.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,641.67 C$ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,406.25 C$ 1,200.00-1,725.00
Apartment (3 bedrooms) in City Centre 3,250.00 C$ 2,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,637.50 C$ 2,100.00-3,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 793.22 C$ 464.51-999.99
Price per Square Feet to Buy Apartment Outside of Centre 466.37 C$ 128.21-799.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,365.24 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.83 3.30-4.10

These data are based on 93 entries in the past 18 months from 17 different contributors.
Last update: July 2021

Sources and References
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