Metrotown · Burnaby
2 Bedroom House for Rent in Metrotown
$2,450 / month
A 878 ft² two-bedroom house in Metrotown, asking $2,450 a month. The listing mentions laundry in building, parking included and balcony. It leaves 3 obvious questions unanswered, starting with: which way does it face?
At $2,450 for 878 square feet, the asking rent works out to $2.79 per square foot.
That is $400 below the middle of the 120 comparable rentals we are tracking in Metrotown, where most ask between $2,500 and $3,000.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Are pets allowed?
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Metrotown
Metrotown is the closest thing Burnaby has to a downtown. Roughly thirty residential towers are packed into about a kilometre around the region's second-largest mall and its SkyTrain station.
How this compares
What we’d expect it to ask
$2,947 / month
8 times in ten the answer lands between $2,442 and $3,433. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $2,450 is $497 below that — further below than the ±11.8% we can put down to our own error. On size and location alone, it asks less than its neighbours do.
Asks less than we’d expect
What moves that number
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
Under a minute on foot to Patterson (Expo Line), about 24 min to Waterfront.
Scored from the map pin alone — rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$2,450 is $400 below the middle of the 120 two-bedrooms we are tracking in Metrotown right now ($2,850). Most of them ask between $2,500 and $3,000.
A straight count of asking prices in the area, with nothing adjusted for — unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Floor, view, condition, noise and everything inside the walls are missing from all but a handful of the advertisements we index, so none of them are priced in above. Two identical floor plans, one renovated and one not, get the same estimate from us.
This one is unusually forthcoming. It does state:
Worth reading — but too rare across the feed for us to put a number on.
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Are pets allowed?
Estimated from the listings on this site, not a market survey, and from asking rents — what a home is advertised at, not what it lets for.
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