Families, seniors and individuals in Burnaby will benefit from nearly 1,500 new affordable rental homes with the Province investing approximately $253 million to build several new developments.

Simon Fraser University (SFU) students now have access to more on-campus housing with the opening of a new residence hall at the Burnaby campus, reducing housing pressures in the community.

Construction is underway on a new 12-storey mass-timber building that will provide 470 students with affordable on-campus housing at the British Columbia Institute of Technology (BCIT) Burnaby campus.

More renters in B.C. will be protected from housing speculators and profiteers through the creation of a new $500-million Rental Protection Fund dedicated to protecting tenants and preserving affordable rental homes for decades.

More students will get the education and skills they need to build using one of the province’s greatest natural advantages: mass timber.