Rent prices in Burnaby have decreased, with a one-bedroom averaging $2,398, down 9.4% from October and 3.8% from September. A two-bedroom averages $3,062, showing a slight increase of 0.3% from September but down 8.4% from 2023. Vancouver remains higher, with one-bedroom rents at $2,610. The report indicates that rent declines are primarily in larger cities, while smaller markets see increases. British Columbia continues to be the most expensive province for rentals, with an average of $2,549.