New data shows Burnaby's rental market isn't slowing down.
According to Rental.ca's April report, Burnaby is the fourth most expensive city across Canada to rent a one-bedroom, averaging $2,259 per month, and a two-bedroom, $3,139.
The city's current one-bedroom price average is a 14.9 per cent increase from a year ago, while two-bedroom units have gone up by 25.6 per cent.
Only three other Canadian communities posted higher monthly averages than Burnaby.
Vancouver holds top spot with prices of $2,743 for a one-bedroom and $3,653 for two, followed by Toronto and Etobicoke, Ont.
Meanwhile, B.C. continues to have the highest rental average nationally at $2,541 with a studio averaging $1,904, one-bedroom $2,168, two-bedroom $2,857 and three-bedrooms at $3,342.
And when it comes to buying a place to call home in Burnaby, prices rose for the second straight month, according to the Real Estate Board of Greater Vancouver's (REBGV) latest data.
Residential housing hit a benchmark price of $1,110,000 in Burnaby East (+0.6 per cent compared to February of this year), $978,400 in Burnaby North (+1.6 per cent) and Burnaby South came in at $1,075,100 (+1.4 per cent).
A single-family detached house was recorded at $1,727,900 in Burnaby East (-0.1 per cent), $1,878,200 for Burnaby North (+2.0 per cent) and more than $2 million in Burnaby South at $2,071,100 (+3.7 per cent).
Areas covered by the REBGV include Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver and Whistler.
