Update on Burnaby Rental Market: Construction Boom for Market Units, Rezoning Progress for Non-Market Units

This update covers the status of market and non-market rental units in Burnaby as of December 31, 2023.

• Market Rental Units: 500 units are currently under construction, with an additional 300 units recently completed.
• Non-Market Rental Units: 200 units are in the rezoning process, with construction expected to begin in Q2 2024.