Burnaby Receives $45M From Federal Housing Accelerator Fund
The Government of Canada has agreed to provide $43M to the City of Burnaby in British Columbia for new housing. This funding is expected to accelerate the construction of 1,290 housing units over the next three years and 11,340 homes over the next decade. The funding will support initiatives such as zoning reforms, approval process improvements, and the delivery of new non-market housing. The announcement indicates a potential easing of tensions between the government and the Metro Vancouver Regional District.