Burnaby's rental prices dropped again in September, a new report from Rentals.ca shows but they still are among the highest in the country.
A one-bedroom rental in the city averaged $2,493 last month, a drop of 0.3 per cent month-over-month and a decline of 7.7 per cent year-over-year.
A two-bedroom averaged $3,052 with a month-over-month drop of 1.8 per cent and a year-over-year decrease of 10.5 per cent.
The only city in Canada with higher averages than Burnaby is Vancouver with an average of $2,649 for a one-bedroom and $3,448 for a two-bedroom.
Provincially, B.C. is still the most expensive to rent in with a studio apartment averaging $1,963, one-bedroom $2,273, two-bedroom $2,888 and three bedroom $3,435.
The total average in September was $2,570 for the province.
"B.C. and Ontario continued to dominate the top 25 most expensive mid-sized markets in Canada during September, with 23 cities making the list of highest average apartment rents," the report said.
Rentals.ca added in the suburban communities of Greater Vancouver, there has been an increase in single-family homeowners renting out individual bedrooms within their homes to offset the rising mortgage costs.
Nationally, rents increased 2.1 per cent last month compared to a year ago, which is the smallest year-over-year increase since October 2021, Rentals.ca said.
