Rentals.ca's December stats show Burnaby is still boasts the third highest price for rent in all of Canada with a one-bedroom averaging $2,304 while a two-bedroom is inching closer to $3,000 at $2,968, increases of 0.6 and 2.2 per cent respectively in the last month.
Vancouver continues to be number one with a single bedroom coming in at an average of $2,633 and two bedrooms at $3,598. In Burnaby, residential/composite prices in Burnaby East were recorded at a benchmark price of $1,107,700 in November , $982,500 in Burnaby North and $1,055,700 in Burnaby South .
"Heading into 2023, the market continues the trend of shifting toward historical averages and typical seasonal norms," Lis added.
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