1 8483 16 Avenue

20% down at 4.34% fixed (Ratehub.ca), 25 years.

suite rent

$1,800/mo

your cost after the suite

$4,836/mo

vs $6,492 without it

Costs: mortgage $6,317 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Southeast Burnaby, Burnaby: CMHC's average there ($1,564) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, Burnaby School District 41

• Elementary Armstrong Elementaryhomes in this catchment

  700 m away · 8757 Armstrong Ave, Burnaby · 604-296-9000

From the Burnaby School District 41's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.