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These are the non-market rental housing projects developed on Burnaby-owned land

The city has contributed more than $172 million to non-market housing in the form of land, grants and site prep.
6889-royal-oak-ave-catalyst-development-non-market
Non-profit developer Catalyst plans to build a six-storey mixed-use development with 134 non-market rentals on Burnaby-owned land at 6889 Royal Oak Ave.

The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there’s more on the way.

The city lands program for non-market housing, which was adopted in 2015, leases city-owned lands at a nominal rate to non-profit housing providers through a public request for proposals (RFP) process.

The city has contributed about $172.44 million as part of the program, including land, grants and on-and-off-site works, according to the  which accounts for 11 projects that recently completed or were in progress as of March 2024.

The assessed value of the land makes up more than $120 million of that $172-million total contribution for the 11 projects.

The report states the market value of the leased land typically represents about 15 per cent of the cost of development, citing the Urban Development Institute.

Burnaby also provides “significant financial contributions” to non-profit developers and other orders of government to support the delivery of affordable housing in the city, according to the report.

The city pays housing grants to non-profit housing providers, and the contributions towards on-and-off-site capital works are paid for using funds in the city’s community benefit bonus affordable housing reserve, which is made up of money the city gets from developers in exchange for giving them the right to build higher density housing.

Those funds are also put into the non-market housing demolition reserve, which is used to pay for end-of-lease demolition and site restoration costs for all nominal land leases for non-market housing projects built on city lands by non-profit operators, according to the report.

And while the 11 sites noted in the report currently add up to 1,040 units, there are still more to come from the Sunset/Kincaid development.

Also of note are the 118 co-op units tentatively planned for a development by Community Land Trust at 6229 Marine Dr.

Read on for what kinds of non-market housing projects the City of Burnaby is supporting.

success-burnaby-non-market-housing-development-5-south-east-corner
The City of Burnaby is providing land and a $3-million grant for non-market housing developed by SUCCESS at 3838 Hastings St. By City of Burnaby/SUCCESS

Developer/operator: SUCCESS Affordable Housing Society

Lessee: SUCCESS

Concept: Six-storey, mixed-use building with 161 non-market rental units, a child-care centre and ground-level commercial space

Status: Final adoption on July 25, 2023

Building Permit: Under review

Lease: 60-year nominal lease, fully executed, registered on title

Funding program: BC Housing Community Housing Fund (CHF), Federal Lands Initiative

City contributions:

  • Grant: $3.05 million
  • Assessed value: $28.31 million
  • Demolition reserve contribution: Pending
  • Total to date: $31.4 million

Rental rates: CHF affordability requirements: 20% at deep subsidy, 50% at rent geared to income for households with incomes below BC Housing’s housing income limits, 30% affordable to those with low and moderate incomes as determined by BC Housing

Notes:

  • The city’s land contribution includes contribution of land from the federal government, under the Federal Lands Initiative, which comprises about one-fifth the property and is valued at $3.23 million.
  • Building permit is currently under review, and construction is expected to begin in spring 2024.
1460775-18th-ave-proposal-web
More affordable housing is coming to Burnaby. Contributed

Developer/operator: New Vista Society

Lessee: New Vista

Concept: Three-storey residential apartment building with 25 units for seniors and families

Status: Final adoption on March 29, 2021

Building Permit: Issued

Lease: 60-year nominal lease, fully executed and registered on title

Funding program: BC Housing CHF

City contributions:

  • Grant: $1.02 million
  • Assessed value: $2.52 million
  • Demolition reserve contribution: Pending
  • Total to date: $3.55 million

Rental rates: CHF affordability requirements: 20% at deep subsidy; 50% at rent-geared to income for households with incomes below BC Housing’s housing income limits and 30% affordable to those with low and moderate incomes as determined by BC Housing

Notes: The development is under construction and expected to be complete this year.

6889-royal-oak-ave-catalyst-development-non-market
A six-storey non-market development planned for 6889 Royal Oak Ave. Catalyst Community Developments/City of Burnaby

Developer/operator: Catalyst Community Developments Society

Lessee: Catalyst

Concept: Six-storey, mixed-use development with 134 non-market rental units and six market rental units at grade

Status: Final adoption on Dec. 5, 2021

Building Permit: Issued

Lease: 60-year nominal lease, fully executed and registered on Title

Funding program: BC Housing, CMHC Co-Investment funding and financing

City contributions:

  • Grant: $9.14 million
  • Contribution to fund site prep and offsite servicing: $1.31 million
  • Assessed value: $11.82 million
  • Demolition reserve contribution: $297,000
  • Total: $22.57 million

Rental rates: 30% of units rented 20% below CMHC market median and 70% of the units will be rented at BC Housing average rents (same as CMHC average rents)

Notes: The project is under construction and expected to be complete in 2025. It is intended to serve as interim housing for eligible tenants under Burnaby’s tenant assistance policy (TAP) for the first 12 years of operations.

The city has disbursed $9.14 million in grants to Catalyst, but some of the grant is expected to be returned to the city with Catalyst securing more funding from BC Housing. The BC Housing funding requires deeper affordability levels which would improve the required affordability set out in the lease, according to the staff report.

Developer/operator: BC Indigenous Housing Society (BCIHS), formerly Vancouver Native Housing Society

Lessee: BCIHS

Concept: To be determined

Status: Second reading on Dec. 17, 2020

Building Permit: To be submitted

Lease: Anticipated 60-year nominal lease, to be initiated this year

Funding program: BC Housing CHF

City contributions:

  • Grant: TBD
  • Contribution to site prep and offsite servicing: TBD
  • Assessed value: $23.28 million
  • Demolition reserve contribution: Pending
  • Total to date: $23.28 million

Rental rates: CHF affordability requirements: 20% at deep subsidy; 50% at rent-geared to income for households with incomes below BC Housing’s housing income limits and 30% affordable to those with low and moderate incomes as determined by BC Housing

Notes: With confirmation of BC Housing’s CHF funding, BCIHS expects to submit a revised proposal. CHF funding requires a greater level of affordability than proposed.

Developer/operator: M’akola Housing Society

Lessee: M’akola

Concept: Six-storey building with 130 units for Indigenous families and individuals

Status: Final adoption on Oct. 3, 2022

Building Permit: Issued

Lease: 60-year nominal lease, fully executed and registered on Title

Funding program: BC Housing CHF

City contributions:

  • Grant: $552,500
  • Contribution to site prep and offsite servicing: $876,000
  • Assessed value: $13.04 million
  • Demolition reserve contribution: Pending
  • Total to date: $14.47 million

Rental rates: CHF affordability requirements: 20% at deep subsidy; 50% at rent-geared to income for households with incomes below BC Housing’s housing income limits and 30% affordable to those with low and moderate incomes as determined by BC Housing

Notes: The development is under construction.

Developer/operator: Catalyst

Lessee: Catalyst

Concept: Six-storey, wood-frame building with 207 units

Status: Final adoption on Dec. 14, 2020

Building Permit: Issued

Lease: 60-year nominal lease fully executed and registered on Title

Funding program: BC Housing, CMHC Co-Investment funding and financing

City contributions:

  • Grant: $10.68 million
  • Contribution to fund site prep and offsite servicing: $5.29 million
  • Assessed value: $20.59 million
  • Demolition reserve contribution: $355,000
  • Total: $36.9 million

Rental rates: 30% of units rented 20% below CMHC market median and 70% of the units will be rented at BC Housing average rents (same as CMHC average rents)

Notes: This project is under construction and expected to be complete in 2025. It’s intended to serve as interim housing for eligible TAP tenants for the first 12 years of operations.

The city has disbursed almost $10.68 million in grant funding to Catalyst, but some of the grant is expected to be returned to the city with Catalyst securing more funding from BC Housing, which will require deeper levels of affordability as set out in the lease.

Developer/operator: Community Land Trust (CLT)

Lessee: CLT

Concept: In design, tentatively a five to six-storey apartment building with 118 non-market co-op housing units

Status: Second reading on Jan. 15, 2024

Building Permit: To be submitted

Lease: Anticipated 60-year nominal lease, anticipated for the second quarter of 2024

Funding program: BC Housing CHF

City contributions:

  • Grant: Requested but not yet received
  • Estimated contribution to fund site prep and offsite servicing: $2.14 million
  • Assessed value: To be determined after subdivision
  • Demolition reserve contribution: Pending
  • Total to date: $2.14 million

Rental rates: CHF affordability requirements: 20% at deep subsidy; 50% at rent-geared to income for households with incomes below BC Housing’s housing income limits and 30% affordable to those with low and moderate incomes as determined by BC Housing

Notes: The site was originally required to be developed by Mosaic Homes at the same time as the adjacent site (called Big Bevan).

The city approved a total of $8.03 million for the entire Bevan Lands site, made up of Big and Little Bevan. The Little Bevan portion was $2.14 million. Council approved a request from Mosaic and CLT to develop the Bevan Lands separately, “in recognition that CLT had been unsuccessful in obtaining capital funding to advance design and construction of the non-market housing,” according to the staff report.

Since then, BC Housing has announced CHF funding for the project.

Developer/operator: Elizabeth Fry Society of Greater Vancouver

Lessee: EFry

Concept: Four-storey modular development with 49 units for woman and women with children at risk of homelessness

Status: Final adoption on April 4, 2022

Building Permit: Completed

Lease: 60-year nominal lease, fully executed and registered on Title

Funding program: 2022 CMHC Rapid Housing Initiative, $11.04 million to the city to deliver a minimum of 28 units

City contributions:

  • Grant: $5.71 million (additional contribution anticipated based on final invoices)
  • Contribution to fund site prep and offsite servicing: $350,000
  • Assessed value: $2.92 million
  • Demolition reserve contribution: $140,570

Rental rates: 70% of units at provincial income assistance shelter rates and 30% of units at rent-geared-to-income basis where rents will be no more than 30% of the household income

Notes: Construction on the project finished in fall 2023. The total approved grant to EFry was $8.42 million but the project is expected to come in under budget.

Modular development at 8304 11th Ave.

Developer/operator: Progressive Housing Society and Connective Support Society

Lessee: Provincial Rental Housing Corp.

Concept: Up to five-storey modular development with 38 units for women, seniors and individuals with disabilities at risk of homelessness

Status: Second reading on Nov. 6, 2023

Building Permit: To be submitted

Lease: Nominal, business terms under review

Funding program: 2023 CMHC Rapid Housing Initiative, $10.52 million to the city to deliver a minimum of 21 units, BC Housing funding for an additional 17 units

City contributions:

  • Grant: $1.56 million (to be distributed by BC Housing)
  • Contribution to fund site prep and offsite servicing: $450,000
  • Assessed value: $4.09 million
  • Demolition reserve contribution: Pending
  • Total to date: $6.1 million

Rental rates: 61% units will be rented at the provincial income assistance shelter rates and 39% will be rented on a rent-geared-to-income basis where rents will be no more than 30% of the household income

Notes: The project has been delayed due to the need to find a new modular contractor and new architect. The lease and capital funding agreement are expected to move forward in the next few months.

southwynde-avenue-burnaby-2
Development: Metro Vancouver Housing is proposing a six-storey non-market rental building on City of Burnaby-owned land at 7388 Southwynde Ave. in Edmonds Town Centre. Metro Vancouver Housing

Developer/operator: Metro Vancouver Housing

Lessee: MVH

Concept: Six-storey purpose-built rental apartment building with 122 units and a 37-space child-care facility

Status: Second reading, July 10, 2023

Building Permit: Under review

Lease: Nominal, business terms under review

Funding program: BC Housing portfolio funding secured, seeking CMHC funding and financing

City contributions:

  • Grant: $8.33 million
  • Assessed value: $9.86 million
  • Demolition reserve contribution: Pending
  • Total to date: $18.19 million

Rental rates: 25% of units at deep subsidy, affordable for those receiving income assistance or with very low rent-geared-to-income; 25% of units at rent-geared to income for households with incomes below BC Housing’s housing income limits; and 50% of units at affordable rents to those with low and moderate incomes as determined by BC Housing

cindybeedieplace01burnaby
A rendering of Cindy Beedie Place in Burnaby. BC Housing

Developer/operator: Provincial Rental Housing Corp./YWCA

Lessee: PRHC

Concept: Four-storey, non-market rental apartment building with 56 units and a 37-space child-care facility

Status: Final adoption on July 25, 2023

Building Permit: Under review

Lease: 60-year nominal ground lease with option for 40-year renewal, draft lease under review

Funding program: BC Housing Women’s Transition Housing Fund, contribution from philanthropist Cindy Beedie

City contributions:

  • Grant: TBD, grant request not yet received
  • Assessed value: $4.76 million
  • Demolition reserve contribution: Pending
  • Total to date: $4.76 million

Rental rates: As per the Women’s Transition Housing Fund program, all units will be rented at rent-geared-to-income for households with incomes below BC Housing’s housing income limits, except when a household receives income assistance, then the rents will be at the provincial income assistance shelter rates

Notes: The project is expected to start construction immediately following execution of the lease. YWCA will operate the housing units and the child-care facility.


Additional note: A site, labelled as Site #5, at 7285 Kitchener St. was removed from a memorandum of understanding due to environmental considerations. 7409 Halifax St. was identified as an alternative city-owned site that could be offered for lease for non-market housing development.

For more information, see the which also highlights projects developed on city lands received occupancy before 2023.

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