5558 Laurel Street

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

suite rent

$2,080/mo

your cost after the suite

$8,630/mo

vs $10,543 without it

Costs: mortgage $9,803 · tax $565 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Central Park/Metrotown, Burnaby: CMHC's average there ($1,813) 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 Douglas Road Elementaryhomes in this catchment

  500 m away · 4861 Canada Way, Burnaby · 604-296-9011

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.