Photo: Unsplash
Photo: Unsplash
Where the rentals are, and what kind of rentals they are.
Burnaby’s densest neighbourhood, around Metropolis at Metrotown. New towers stand beside older three-storey walk-ups, many of them being redeveloped.
A cluster of newer towers around The Amazing Brentwood and Brentwood Town Centre station on the Millennium Line.
South Burnaby’s town centre on the Expo Line, mixing towers with low-rise apartment buildings.
Around Lougheed Town Centre station, served by both the Expo and Millennium lines, with large new tower developments.
Along Hastings Street in north Burnaby: a village-style main street with older apartments and houses.
On Burnaby Mountain beside Simon Fraser University — apartments and townhouses popular with students and staff.
Towers dominate around the town centres — both condos rented out by their owners and new purpose-built rental buildings. Older walk-ups remain around Metrotown and Edmonds, and away from SkyTrain most rentals are suites in houses.
Around Metrotown and Brentwood we can usually find listings in the same building, which keeps the range tight. For a suite in a house, close comparables are scarcer and the range is wider.
Same method everywhere — comparables first, adjusted for size, and you see every one. How we estimate →
Burnaby follows B.C.’s Residential Tenancy Act, like everywhere else in the province: rent on an existing tenancy can go up once every 12 months, with written notice on the official form, by no more than the yearly maximum the province sets. Between tenants there’s no cap — a landlord can set a new rent.
Check the current B.C. rules →
Photos: Unsplash; Coquitlam by John Shorten, CC BY 4.0, cropped.
All of Metro Vancouver →