Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 9.91
Mortgage as Percentage of Income: 94.52%
Loan Affordability Index: 1.06
Price to Rent Ratio - City Centre: 18.62
Price to Rent Ratio - Outside of Centre: 17.68
Gross Rental Yield (City Centre): 5.37%
Gross Rental Yield (Outside of Centre): 5.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,900.00 C$ 2,500.00-3,200.00
Apartment (1 bedroom) Outside of Centre 2,400.00 C$ 2,200.00-2,500.00
Apartment (3 bedrooms) in City Centre 6,000.00 C$ 5,000.00-7,000.00
Apartment (3 bedrooms) Outside of Centre 3,750.00 C$ 3,500.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,168.05 C$ 836.12-1,499.99
Price per Square Feet to Buy Apartment Outside of Centre 809.03 C$ 418.06-1,199.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,371.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.33 6.50-8.75

These data are based on 47 entries in the past 18 months from 17 different contributors.
Last update: March 2024

Sources and References
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