Burnaby smashes records with $2.1B worth of building permits
Officials say the year isn’t even over yet and previous records have already been destroyed.
Brentwood is one of Burnaby’s emerging areas of growth. – City of Burnaby
Burnaby is in the midst of a construction boom that is destroying records.
The latest data from the city shows it continues to set a record pace for construction. Earlier this month it surpassed $2 billion worth of building permits so far in 2022, smashing all previous full-year records.
“During the COVID-19 pandemic when much of the world went on pause, our staff worked hard to continue to process permits and applications, carry out inspections, and establish the master plans that will guide Burnaby’s future development,” said Mayor Mike Hurley. “This report shows that our approach is generating real results – we’re building much-needed new homes and helping to drive economic growth in Burnaby.”
As of November 15, the city has issued 1,133 building permits for a value of $2.105 billion – already a substantial increase over the annual (full year) totals over the last five years. Last year’s total building permit value was $1.02 billion and the year before that it was $1.45 billion.
The city attributed some of its success to innovative housing policies. They noted that these policies are also driving the creation of a record amount of rental housing in Burnaby, with more than 12,000 units of rental housing now being built or in the development stream. The city added that more non-market rental units are being built than market rentals – a first for the city.
Burnaby building permit value totals:
- 2022 (to Nov. 15) 1,133 permits – $2.105 billion
- 2021 1,095 permits – $1.02 billion
- 2020 1,007 permits – $1.45 billion
- 2019 1,116 permits – $1.22 billion
- 2018 1,520 permits – $1.69 billion
- 2017 1,649 permits – $1.05 billion