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  • Fall 2026 Housing Supply Report

    Fall 2026 Housing Supply Report

    Canada's housing supply gap remains largely unchanged, with shortages in Toronto, Ottawa, Montréal, and Vancouver, while Calgary's gap has narrowed and Edmonton shows no gap. Construction is slowing faster than demand, risking long-term affordability. Rental housing dominates new supply, but weak condominium construction limits ownership options. Meeting future demand requires increased housing starts, especially ownership units, alongside infrastructure improvements to sustain affordability.

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  • $92M Federal-Municipal Deal Bringing 183 Family Rentals To Burnaby

    $92M Federal-Municipal Deal Bringing 183 Family Rentals To Burnaby

    A new project at 6203 Marine Drive in Burnaby will deliver 183 secure rental townhomes, with 125 three-bedroom and 58 two-bedroom units designed for families. Nearly $92 million in funding comes from federal, city, and regional sources, including a major federal loan program. The homes will be owned by a housing authority on city-leased land to ensure long-term public ownership, addressing family rental housing needs in the area.

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  • Burnaby Rents Rose Across Categories in August

    Burnaby Rents Rose Across Categories in August

    Burnaby stood out as the only city measured where every rental category moved higher recently, showing broad-based upward pressure across the local rental market.
    The sharpest move came in furnished three-bedroom apartments, where asking rent ↑~4%, moving from $3K to $3.2K during the current measurement period.
    Even with recent gains, Burnaby's unfurnished one-bedroom rent stayed lower yearly: it averaged $2.2K a year earlier and sits ~$280 below two years ago.
    Burnaby remained among Canada's five most expensive cities for renters, underscoring why local households continue watching affordability closely even after longer-term relief versus earlier periods.
    For Burnaby renters, the current picture mixed short-term increases with softer longer-term pricing, showing how results can differ by unit size and furnishing.

  • Burnaby Plans 183 Family Rental Units

    Burnaby Plans 183 Family Rental Units

    Burnaby’s housing authority recently marked construction of 183 purpose-built rental townhomes at 6203 Marine Drive, adding family-focused housing in South Slope on long-term city-leased land.
    The Burnaby BC community will feature 58 two-bedroom and 125 three-bedroom units, with market, below-market, and median-income-linked homes owned and operated by the housing authority.
    Funding totals $92M, led by an $84.5M low-interest federal loan, plus $3.9M from the housing authority and development charge credits from local partners.
    Officials called the build a rare purpose-built townhome rental, designed to be livable and family-friendly near recreation, parks, schools, and outdoor amenity space.
    Burnaby also has 480 more rental homes underway, reflecting a partnership model officials said speeds delivery; this townhome community is slated for Late-Q3 2028 completion.