Property prices for rent in Burnaby (British Columbia)
The rent prices in real estate in Burnaby, in the British Columbia region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Burnaby has fallen during the last 6 months. In October, the average price per sq.feet was $4.16. In the following month the price per sq.feet fell to $3.91. The price for the following two months in (December, January) fell 89 % with regard to the previous two months. The price per sq.feet has fallen 89 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.81 to $3.38 during February, and March.
When referring to the price in Burnaby (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $2,378. In November This price remains at $2,404. In the following two months the average price has hardly changed with regard to the previous two months from $2,391 to $2,434. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $2,412.5 to $2,242.5 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of $2,221 they are 0 % more expensive than the average price for Burnaby. Following this ranking we find those properties with 2 at an average price of $3,153. The properties with the highest average price have 4 bedrooms, Their price is 145 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,781.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2 / sq.feet, with an average $3.39 / sq.feet price in Burnaby. The properties with the most expensive average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $4.24 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of $2,221 it is 3 % more expensive than the average price in Burnaby. "Condo" is seen as the second most expensive property type. The most expensive property type is "House" followed by "Condo". At a price of $2,322 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $3 / sq.feet followed by "Condo" priced at $4 / sq.feet. "Condo" is the most expensive type of property with a $4 / sq.feet value followed by "House" with an average price of $3 / sq.feet.
