Canada announces funding for new purpose-built rental townhomes in Burnaby

The Government of Canada is investing nearly $92 million to build 183 family-sized rental townhomes at 6203 Marine Drive, Burnaby, including $84.5 million through the Apartment Construction Loan Program. The project aims to increase affordable housing supply, support low-income and middle-class households, and is part of a broader national strategy to address the housing crisis by accelerating homebuilding and reducing costs.