In October, Burnaby saw a notable drop in average asking rents, making it the second-most expensive city in Canada. Vancouver remains the most expensive, with one-bedroom rents at $2,610, down 1.5% from September and 9.1% year-over-year. Two-bedroom units in Vancouver also decreased to $3,430. In Burnaby, one-bedroom rents fell to $2,398, while two-bedroom rents increased slightly to $3,062. Overall, BC experienced significant year-over-year rent decreases, with a provincial average of $2,549. Nationally, average rents dropped by 1.2%.