Rental prices in Burnaby are still averaging more than $2,000, but they're also continuing to fall, according to a new report.
Rentals.ca says a one-bedroom rental in Burnaby averaged $2,367 in February, a 3.6 per cent drop compared to February 2024.
A two-bedroom also saw a drop, falling to $2,986, equating to a three per cent decline compared to last year's average.
The prices in Burnaby were ranked as the second highest prices in the country, with only Vancouver being more expensive at $2,518 for a one-bedroom and $3,442 for two bedrooms.
Provincially, meanwhile, British Columbia still has the highest rates in Canada with a total average price of $2,457.
Asking prices hit $1,916 for a studio, $2,190 for a one-bedroom, $2,742 for a two-bedroom and $3,430 for a three-bedroom.
The report says three-bedroom rentals have risen 1.5 per cent year over year to $3,420.
Nationally, rental prices dropped 4.8 per cent to $2,088 compared to February 2024.
