Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 8.58
Mortgage as Percentage of Income: 61.39%
Loan Affordability Index: 1.63
Price to Rent Ratio - City Centre: 22.33
Price to Rent Ratio - Outside of Centre: 16.27
Gross Rental Yield (City Centre): 4.48%
Gross Rental Yield (Outside of Centre): 6.15%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,680.00 C$ 1,450.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,383.33 C$ 1,200.00-1,700.00
Apartment (3 bedrooms) in City Centre 3,314.29 C$ 2,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,612.50 C$ 2,100.00-3,500.00
Buy Apartment Price
[ Edit ]
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
[ Edit ]
Average Monthly Net Salary (After Tax) 3,952.00 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.82 3.00-4.10

These data are based on 90 entries in the past 18 months from 15 different contributors.
Last update: December 2020

Sources and References
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