Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 9.92
Mortgage as Percentage of Income: 70.71%
Loan Affordability Index: 1.41
Price to Rent Ratio - City Centre: 22.61
Price to Rent Ratio - Outside of Centre: 16.46
Gross Rental Yield (City Centre): 4.42%
Gross Rental Yield (Outside of Centre): 6.08%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,640.91 C$ 1,300.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,327.78 C$ 900.00-1,700.00
Apartment (3 bedrooms) in City Centre 3,314.29 C$ 2,800.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,671.43 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) 3,417.24 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.77 3.00-4.10

These data are based on 91 entries in the past 18 months from 16 different contributors.
Last update: April 2021

Sources and References
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