What are the monthly costs I should consider when renting in Burnaby?

When renting in Burnaby, consider monthly rent, utilities (like electricity, water, and internet, approximately $100-$ 200 CAD depending on usage), tenant insurance ($20-$ 40 CAD), and any building maintenance fees or parking fees if they're not included in your rent. Research specific properties for more accurate estimates. Rent varies widely based on location, size, and amenities.

What are typical upfront fees and costs when renting in Burnaby?

Typical upfront costs when renting in Burnaby include the first month's rent, a security deposit (often half a month's rent), and sometimes a pet deposit if applicable. This means for a $ 2,000 CAD monthly rental, you might need $ 3,000 CAD upfront. Always check your lease agreement for specific terms.

What is the typical lease agreement duration in city of Burnaby?

In the city of Burnaby, part of Greater Vancouver, Canada, the typical residential lease agreement is usually set for a duration of 12 months. However, short-term leases of 6 months or month-to-month arrangements might be available depending on the landlord's flexibility and the property in question. Always ensure to discuss the lease term options with your landlord or property manager.

Do I need to pay a security deposit when renting in city of Burnaby?

Yes, when renting in Burnaby, you are typically required to pay a security deposit. For most residential rental units, this deposit is usually equivalent to half a month's rent. However, the exact amount can vary, so it's important to discuss this with your landlord or property management company. For more information, visit http://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies.

How competitive is the rental market in city of Burnaby?

The rental market in Burnaby is quite competitive, with vacancy rates around 1.2%. Median rent for a 1-bedroom apartment is approximately $ 1,800 CAD, while a 2-bedroom apartment goes for around $ 2,300 CAD. It's advisable to start your search early and have your documents ready to stand out in this active market. Prices and competition may vary by neighborhood and season.

How does the rental market in Burnaby compare to other regions in Canada?

The rental market in Burnaby, with a median rent of $ 1,800 CAD for a 1-bedroom, is more expensive than in Calgary where the median rent is around $ 1,300 CAD, but cheaper than in Toronto, with a median rent about $ 2,270 CAD. Thus, Burnaby sits in a moderately high range contrasting against these cities.

What is the process of renting a property in city of Burnaby?

To rent a property in Burnaby, you must first search available listings on platforms like Craigslist or Zillow. Next, arrange viewings with landlords or property managers. Prepare required documents such as identification, employment proof, and references. Following the viewing, if interested, submit an application. Upon approval, sign a tenancy agreement, and pay the first month's rent and security deposit. Check http://www2.gov.bc.ca for tenant rights in BC.

Where are the most in demand rental areas in city of Burnaby?

The most in-demand rental areas in Burnaby include Metrotown, known for its shopping and public transit access, and Brentwood, appreciated for its mix of residential and commercial spaces with good connectivity. South Burnaby, particularly near the SkyTrain routes, is also popular for easier downtown Vancouver access. These neighborhoods offer a range of amenities catering to diverse lifestyle needs.

Property for rent in Burnaby - AllClassifieds.ca

Market status in Burnaby

Our catalog on AllClassifieds offers a comprehensive overview of the real estate rental market status in Burnaby (Greater Vancouver, Canada), showcasing the latest trends and offerings. The city features various dwelling types, with apartments leading with an average price of $ 3,700 CAD, an average size of 808 sqft, and representing 63.4% of listings. Houses follow with an average price of $ 2,600 CAD, an average size of 1,176 sqft, and 19.8% of listings. Condos make up 7% of listings, with an average price of $ 3,000 CAD and an average size of 830 sqft.

Nearby cities for commuters

Exploring alternatives to Burnaby unveils Vancouver and New Westminster, each promising a unique mix of proximity and more affordable living compared to Burnaby.

Vancouver, a short hop from Burnaby, is notable for its lower average real estate price of $ 3,200 CAD. The commute in Vancouver is diverse, featuring a 10 km, 20-minute trip by car, and a 11 km, 35-minute journey by public transport.

New Westminster, nestled 11 km away by car from Burnaby, showcases homes at an inviting average price of $ 2,500 CAD. Connectivity flourishes in New Westminster with a 13 km, 40-minute ride via public transport, and a 14 km, 55-minute trip by bike.

Each Burnaby alternative enriches the quest for those looking to stay close to Burnaby while finding a home that suits their budget and lifestyle needs, complete with varied commuting options to ensure easy access to and from Burnaby.

358 Property for rent in Burnaby listings are price checked

Room for rent in Burnaby BC Canada)

Room for rent in Burnaby BC Canada)

Burnaby BC V5H 1P6

Nisar (Has an Apartment)

Modern with Views - Bodewell | Rental Property Management

Ground Level 3 Bedroom/ 2 Bathroom Suite In Burnaby!!

Large Furnished Garden Level Suite with Fireplace in Burnaby!

4880 Lougheed Hwy (40th Floor), Burnaby | Birds Nest Properties

Modern with Views - Bodewell | Rental Property Management

Burnaby BC V5H 1S7

Burnaby BC V5H 1S7

5642 BROADWAY

Strathmore Towers

1 bedroom, Burnaby BC V5H 1S7

1 bedroom, Burnaby BC V5H 1S7

3 bedroom, Burnaby BC V5H 1S7

2 bedroom, Burnaby BC V5H 1S7

2 bedroom, Burnaby BC V5H 1S7

Arbour Place

1 bedroom, Burnaby BC V5H 0J7

1 bedroom, Burnaby BC V5H 0J7

5859 Sussex Ave, Burnaby

Room for rent in Burnaby BC Canada)

Room for rent in Burnaby BC Canada)

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358 Property for rent in Burnaby listings are price checked

Property value calculations

Room for rent in Burnaby BC Canada)

Room for rent in Burnaby BC Canada)

Burnaby BC V5H 1P6

Nisar (Has an Apartment)

Modern with Views - Bodewell | Rental Property Management

Ground Level 3 Bedroom/ 2 Bathroom Suite In Burnaby!!

Large Furnished Garden Level Suite with Fireplace in Burnaby!

4880 Lougheed Hwy (40th Floor), Burnaby | Birds Nest Properties

Modern with Views - Bodewell | Rental Property Management

Burnaby BC V5H 1S7

Burnaby BC V5H 1S7

5642 BROADWAY

Strathmore Towers

1 bedroom, Burnaby BC V5H 1S7

1 bedroom, Burnaby BC V5H 1S7

3 bedroom, Burnaby BC V5H 1S7

2 bedroom, Burnaby BC V5H 1S7

2 bedroom, Burnaby BC V5H 1S7

Arbour Place

1 bedroom, Burnaby BC V5H 0J7

1 bedroom, Burnaby BC V5H 0J7

5859 Sussex Ave, Burnaby

Room for rent in Burnaby BC Canada)

Room for rent in Burnaby BC Canada)

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Property for rent price estimations