Burnaby’s record-breaking building boom surpasses $2 billion for first time

Last updated: November 22, 2022

The City of Burnaby continues to set a record pace for construction, and on Tuesday (November 15) 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 had 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.

Building permits and value
Year Permits Value
2022 (to Nov 15) 1,133 $2.105 billion
2021 1,092 $1.02 billion
2020 1,007 $1.45 billion
2019 1,116 $1.22 billion
2018 1,520 $1.69 billion
2017 1,649 $1.05 billion

The City’s innovative housing 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. And for the first time in Burnaby’s history, more non-market rental units are being built than market rentals.

Media Contact:
Chris Bryan
Manager, Public Affairs
Public Affairs Office
604-570-3616 | [email protected]

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