Feds loan developer $763M to build almost 1,300 rentals in Burnaby, B.C.

Admin Admin
Oct 15, 2025 - 04:20
0 2
Feds loan developer $763M to build almost 1,300 rentals in Burnaby, B.C.
A man in a suit and glasses speaks at a microphone next to a woman in a suit and men in hard hats at a construction site.

Development company Grosvenor said the loan, provided through the Apartment Construction Loan Program (ACLP), will finance the construction of 1,279 rental homes at the Brentwood Block development on Lougheed Highway in Burnaby, B.C.