Balancing affordability with long-term sustainability, Burnaby City Council has approved a 2.9% increase in property taxes as part of the City’s 2026–2030 Financial Plan.
“We’re dedicated to making sure every dollar goes further for Burnaby families,” said Mayor Mike Hurley. “By maintaining low tax rates and using our reserves to fund major projects, we’re working to ease the burden on residents while building a city that offers outstanding amenities and services for everyone—now and into the future.”
The latest financial plan outlines how the City of Burnaby will fund current priorities and prepare to meet future needs.
The 2.9% property tax increase equals about $61 for the average home in Burnaby. The City is also using reserve funds to keep increases for water and sewer services low despite higher Metro Vancouver rate increases.
In 2026, residents will see increases as follows:
- 0% for water services
- 3.5% for sewer services (approximately $26 for a house and $14 for a condo)
Actual increases in costs passed along to the City of Burnaby by Metro Vancouver–which residents only pay a portion–are:
- 6.4% for water services
- 7.6% for sewer services
Burnaby’s Financial Plan also includes $506.8 million in capital investments for 2026 as part of a plan to invest $1.7 billion in capital projects over the next 5 years. This will go towards building multiple capital projects including: the Cameron Community Centre, Brentwood Community Centre, Burnaby Lake Recreation Centre, Community Safety Building and James Cowan Theatre. These capital investments are funded from the City’s reserve balances which means the City can build community amenities and infrastructure without borrowing and incurring debt charges.
The Growth Infrastructure Investment Levy of 1.9% is about a $39 increase for an average home. Introduced last year, it responded to provincial legislation which changed how municipalities can finance infrastructure needed to support a growing community. This levy represents the City’s portion of costs to support future amenities and infrastructure.
Learn More: Burnaby.ca/FinancialPlan