Property Prices in Burnaby, Canada

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Index Info
Price to Income Ratio: 9.41
Mortgage as Percentage of Income: 85.64%
Loan Affordability Index: 1.17
Price to Rent Ratio - City Centre: 16.43
Price to Rent Ratio - Outside of Centre: 14.12
Gross Rental Yield (City Centre): 6.09%
Gross Rental Yield (Outside of Centre): 7.08%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,575.00 C$ 2,200.00-3,200.00
Apartment (1 bedroom) Outside of Centre 2,225.00 C$ 2,000.00-2,500.00
Apartment (3 bedrooms) in City Centre 5,500.00 C$ 4,500.00-7,000.00
Apartment (3 bedrooms) Outside of Centre 3,666.67 C$ 3,500.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 929.37 C$ 452.00-1,499.99
Price per Square Feet to Buy Apartment Outside of Centre 612.68 C$ 220.00-1,199.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,411.06 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.72 4.45-6.90

These data are based on 53 entries from 15 contributors over the past 18 months.
Last update: April 2025

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