Construction is underway on 116 new below‑market rental homes in Burnaby’s Metrotown neighbourhood, marking a significant step in expanding housing options for the area’s middle‑income residents. The project is part of a broader effort by the government to create homes close to transit, services, and employment, in an effort to help people stay rooted in their communities while reducing the financial pressures of long commutes.
Located at 6337 Cassie Avenue, the new homes are being delivered through a partnership between the Province of B.C., the federal government, the City of Burnaby, and Waterleaf Housing Society—a non-profit created by Wesgroup Properties to develop and manage affordable rental housing. Supported by nearly $20 million in provincial grants through BC Builds, the project replaces aging rental stock with modern, energy‑efficient homes designed to remain affordable for decades.
The redevelopment forms part of Reign, a high‑density community that prioritizes long‑term affordability and transit‑oriented living. Once complete, Waterleaf Housing Society will own and operate all 16 below‑market rental units, including 92 one‑bedroom and 24 two‑bedroom homes. Construction is underway, with the building expected to open its doors in 2028.
“This project is a great example of how collaboration between government and the private sector can deliver more affordable homes for Burnaby families, said Mike Hurley, mayor of Burnaby. “Providing these homes at below-market rates will help foster the vibrant and diverse neighbourhoods that make our city so special.”
Steps from Metrotown SkyTrain station, the location adds another layer of benefit. Research from Metro Vancouver’s 2025 Housing and Transportation Cost Burden Study shows that transportation is one of the largest household expenses and can sometimes exceed housing costs. Households living in transit‑rich areas can save $10,000 to $20,000 annually on combined housing and transportation. By situating new homes in a dense, transit‑oriented community, the project helps residents reduce car dependence and redirect savings toward essentials like childcare, education, and daily living costs.
“We are making sure people have access to homes that support their daily routines through BC Builds,” said Christine Boyle, B.C.’s Minister of Housing and Municipal Affairs. “By replacing aging units with new homes close to transit, schools and the services people rely on, we’re helping more people stay connected to their community, reduce long commutes and build stability for the long term.”
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