Property Prices in Burnaby, Canada

Index Info
Price to Income Ratio: 8.47
Mortgage as Percentage of Income: 77.60%
Loan Affordability Index: 1.29
Price to Rent Ratio - City Centre: 15.66
Price to Rent Ratio - Outside of Centre: 13.68
Gross Rental Yield (City Centre): 6.39%
Gross Rental Yield (Outside of Centre): 7.31%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,825.00 C$ 2,500.00-3,200.00
Apartment (1 bedroom) Outside of Centre 2,350.00 C$ 2,200.00-2,500.00
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) 4,898.57 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.80 6.00-6.90

These data are based on 45 entries in the past 18 months from 13 different contributors.
Last update: October 2024

Sources and References
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