Burnaby News & Blog

18,200 square feet multi-family rental in Burnaby sells for $8.8 million

Western Investor · 10 Mar 2022 · Macdonald Commercial

Villa Fortuna, in the popular shopping district of Burnaby Heights and close to Simon Fraser University, sold for $1.8 million above its assessed value.

60-storey mixed-use rental tower in Western Canada

Western Investor · 08 Mar 2022 · Western Investor Staff

Near-eight-acre pedestrian-friendly Burnaby proposal plans 3,450 homes with six towers, including a 60-storey rental high-rise, and 200,000 square feet of commercial space

Concord Pacific’s new residential complex in Burnaby’s Brentwood

The Vancouver Sun · 09 Feb 2022 · Joseph Ruttle

The centrepiece of the 26-acre residential-retail project is a 120,000-square-foot outdoor beachfront oasis

Demand remains high in Metro Vancouver amidst pandemic

Livabl · 04 Feb 2022 · Ryan Garner

A one-bedroom resale in Burnaby is probably going to be priced in the high $700,000s, so that's not affordable for many people," Stewart said

4.62 acres industrial land at Burnaby sells for $18.5 million

Western Investor · 06 Jan 2022 · William Wright

Properties in the Big Bend area could be redeveloped from heavy industrial to light industrial zoning at the geographic centre of Metro Vancouver.

Sales of a multi-family rental building notching $1.64 Billion through the first six months of 2021

other · 19 Aug 2021 · Burnaby Now

First-half sales were 45% higher than the entire 2020 annual total and appear on pace to hit the third-highest annual sales volume ever recorded, according to Goodman. Starlight Developments announced an all-rental rezoning of Lougheed Village on the Burnaby-C…

Vancouver downtown achieved outstanding sales in their major comeback

other · 07 Jul 2021 · Kenneth Chan

This is a significant litmus test for the condominium market in downtown Vancouver, which has had zero successful pre-sale launches over the last four years — a slowdown period that began with the provincial government's major interventions in the housin…

Sell out of Coquitlam office in a week due to market demand

Western Investor · 17 Jun 2021 · Frank O'Brien

Bosa Development sold out 15 floors of its 30-storey Waterfront Centre office tower in downtown Vancouver as strata in 2017 at $2,000 per square foot, but current office strata is mostly seen in conversion of older office buildings, much of it Burnaby.…

Commercial Development Site sells for $6.75 Million located at Hastings Street, Burnaby, B.C.

Western Investor · 08 Apr 2021 · Goodman Commercial Inc.

Located in the Hastings Village area, the two lots total 10,296 square feet with development potential to 24,710 square feet, and both have rental income.

New commercial building at a prime lot location at 4330 Kingsway in Metrotown

Western Investor · 16 Mar 2021 · Slate Asset Management

Capital Point is set on a prime location at 4330 Kingsway in Metrotown and it is built to Slate's demanding standards representing the pinnacle of premium strata offices in Metro Vancouver .

17-acre light industrial property at 3990 Marine Way in South Burnaby with a minimum bids start at $63 million

Western Investor · 03 Feb 2021 · WI Staff

The City of Burnaby, where industrial land is scarce and the industrial vacancy rate is among the lowest in Metro Vancouver, is looking to sell a "prime" 17-acre light industrial property at 3990 Marine Way.

1.32 acres located at 3210 Lake City Way, Burnaby, B.C sold for $12.25 million

Western Investor · 11 Jan 2021 · Macdonald Commercia

Single-tenant, 1.32-acre Lake City Way property near a SkyTrain hub sold over assessment for $12.25 million.

Multi-level industrial complex in Burnaby’s Riverbend Business Park

Western Investor · 17 Dec 2020 · WI Staff

Oxford has transformed the 64-acre brownfield site – once a paper mill and landfill - into a 1.3-million-square-foot master planned business park. Oxford first announced in November 2019 its intention to build the two-storey project on a speculative basi…

Rental housing with 1,728 units to be build in Burnaby’s Lougheed Town Centre

Business in Vancouver · 08 Dec 2020 · Frank O’Brien

Renovation, construction would add 1,728 units in Burnaby's Lougheed Town Centre

The largest developer of purpose-built, student housing in Canada has spent the last year-and-a-half working with the City of Burnaby on a rezoning application.

The Vancouver Sun · 03 Nov 2020 · Joanne Lee-Young

More developers in Metro Vancouver seeking to build student-oriented residential buildings that are off-campus and not necessarily affiliated with a particular school. Because such projects don't fall neatly into residential or institutional categories, develo…

First prime 40 storey luxury high rise tower in Burnaby

REW · 16 Oct 2020 · Michelle Hopkins

"Akimbo is the first super prime tower outside of downtown Vancouver and home buyers love it - they have made Akimbo the most successful tower launch since 2018," says Cam Good, President of Key Marketing. "It's a huge win, not just for IMANI, but for all of M…

Cybercriminals have weaponized AI, using it to hone in on subjects and deliver more polished phishing attempts, as well as generate automated malware that lowers the barrier of entry for bad actors.

The Vancouver Sun · 23 Sep 2020 · Derrick Penner

The "threat map" that greets you at reception of cybersecurity firm Fortinet's Metro Vancouver hub is the easiest illustration for the layperson of cybercrime's explosive growth. High up on the wall, LED streaks arc from location to location across a world map…

New plan from MST Nations and Aquilini Development would see tallest tower heights rise from 28 storeys to 46 storeys

The Vancouver Sun · 15 Apr 2020 · Sobia Moman

Metro Vancouver is considering expanding its overnight camping locations as popularity for the activity soars across the country. The bulk of campsites in B.C. are outside of Metro Vancouver, largely due to density and urban development in the region. But a st…

Developer purchases land in Burnaby's Brentwood to be part of transformation

The Province · 18 Feb 2020

Grosvenor's new site near Brentwood is in the very early days of seeking approvals and about a decade from completion, but will be part of transforming transit hubs in Burnaby into a forest of towers

Metro Vancouver residential land market shows signs of life

Western Investor · 29 Jan 2020

Year-end housing data from Canada Mortgage and Housing Corp. (CMHC) earlier this month pointed to record housing starts of 28,141 units for Metro Vancouver in 2019. This was up 20 per cent from a year earlier.

Telus, Polygon sue each other over collapsed $175M Burnaby land deal

Western Investor · 26 Nov 2019

The property involved is a 14-acre piece of land at 7000 Lougheed Hwy. beside the Saputo Dairy plant. (The Saputo site was sold in 2018 for more than $200 million and the dairy plant is moving to Port Coquitlam.)

Land-assembly investor who made $6.67M on flip ordered to pay realtor $1.15M

Western Investor · 30 Sep 2019

Businessman who assigned bundle of Burnaby lowrises using different agent despite exclusive agreement was in the wrong, rules judge

Trans Mountain approved to resume construction of B.C. pipeline terminals

Western Investor · 09 Aug 2019

The National Energy Board (NEB) has given Trans Mountain the green light to resume construction at two of its pipeline terminals in Burnaby, B.C.

Legions 13525 106th Avenue Surrey a 20 storey mixed use building and a 26 storey condo tower by Lark Group

Western Investor · 12 Jun 2019

The village will offer clinical rehabilitation services, research and delivery of health-care programs, services and trauma counselling, including for veterans and first responders suffering from post-traumatic stress disorder. It will also feature a new 10,50…

Developer postpones pre-sales for high-rise towers in Burnaby and Coquitlam

The Province · 06 Jun 2019

There has been a dramatic slow-down in pre-sales centre traffic starting around last October. It's estimated to have dropped by about 70 per cent.

65-storey Burnaby tower at two Gilmore Place will be tallest in region

The Vancouver Sun · 05 Jun 2019

The tallest of the three towers to be built on the old Sears site in Burnaby's Metrotown will be the region's highest, eclipsing Burnaby's 64-storey Two Gilmore Place, which is just getting underway.

LandlordBC on Burnaby's rental policy: 'The numbers just aren't going to work'

Western Investor · 30 May 2019

Burnaby's new rental policies have been met with mixed reviews – enthusiastic approval from councillors, muted praise from a housing activist and disappointment from a landlord advocate. On Monday, city council unanimously approved a plan to put new rent…

High-stakes Burnaby bowling-alley sale, unenforceable, ‘tainted by illegality’: judge

Western Investor · 23 May 2019

A real-estate deal involving a bowling alley sitting on a prime piece of Burnaby development property was "tainted by illegality" and has been deemed unenforceable by a B.C. Supreme Court judge.

Red tape is a major influence in Vancouver’s housing scarcity

Canadian Real Estate Wealth · 13 Feb 2019

Burnaby, Vancouver, and the District of North Vancouver are the areas hit the hardest by these delays, with development approval timelines being among the longest (at nearly 2 years) in the region.

Akimbo a 40 storey tower with 350 homes at 4295 Dawson Street Burnaby by Imani Development

The Province · 31 Jan 2019

Fourth-floor amenities will include a fully equipped gym, guest suite and indoor and outdoor social areas. Outdoor amenities include a dining area and kitchen, kids' play space and gardening beds.