B.C. leads Canada as average rents skyrocket 30 per cent in five years
The figures became public Monday, just hours before Premier David Eby and Housing Minister Ravi Kahlon joined Burnaby-North Janet Routledge and Burnaby Mayor Mike Hurley to announce 1,500 rental homes in Burnaby. The homes are spread across six developments, with three underway and three scheduled to start later this year. B.C. is spending $253 million on the developments in partnership with BC Housing and the City of Burnaby among others.
“I look forward to standing in front of one of these new developments in a couple of years to announce even more housing in Burnaby, because the need for affordable housing will only grow as our communities continue to grow,” he said. “We need to keep looking for solutions.”
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