Two-bedrooms have also seen a drop, according to Rentals.ca's data.
A new report from Rentals.ca suggests prices for a one-bedroom rental in Burnaby have dropped more than 10 per cent in the last year.
Despite the decrease, Burnaby still has the second highest rental averages in Canada — even though national averages hit a 15-month low of $2,139. A local one-bedroom unit averaged $2,378 in November, a 0.9 per cent decline from October and a 11.3 per cent drop compared to November 2023. Two-bedroom averages remained the same last month — $3,061 per month — while dropping 6.9 per cent compared to the same time last year.Vancouver is the only city with a higher rent average at $2,534 per month for a one-bedroom and $3,413 for a two-bedroom, according to Rentals.ca's data.A studio averaged $1,962 last month while a one-bedroom came in at $2,211.
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