A New Approach to Rental Housing for Resident of Burnaby

A New Approach to Rental Housing for Resident of Burnaby

  • Community
  • Real Estate
  • Rental
July 11, 2019

A New Approach to Rental Housing for Resident of Burnaby: Affordable housing in Burnaby was always a weakness compared to other municipalities. We are surprised to see the City of Burnaby develop a comprehensive plan to provide rental housing for all income levels making its planned special. Other municipalities tend to focus on increasing rental housing supply but put less focus on rent and long-term effect of the rental housing.


A New Approach: Rental Policy Framework

The objective of this framework is to ensure the replacement and increase of rental housing in the City of Burnaby at a variety of rent levels and affordability. The aim is also to protect rental housing into the future. This goal is for the policy to be transparent, achievable and applied equally, giving developers and property owners clear expectations. It’s also important to give residents clarity on the City's direction on affordable rental housing.

Four Policy Proposals

  1. Rental Replacement, which would require –
    • Full replacement of rental units lost to redevelopment
    • 1:1 replacement of units, with similar mix of unit types (1 bdrm, 2 bdrm, )
    • Tenants to be suitably accommodated during construction
    • Tenants to receive first right of refusal to return to the units at similar rents (either lesser than or equal to a threshold of 20% below CMHC’s market average)
  1. Inclusionary Rental, which would require –
    • 20% of units in all new multi-family developments be rental, city-wide
  1. Voluntary Rental Housing in Commercial Districts, which would allow –
    • Up to 49% of commercial space used as rental housing, once other rental requirements are met in a project. If a project has met other obligations such as the 20% Inclusionary Rental, then it may consider adding this above
  1. Protection of Existing Rental Sites
    • Launch of a process to rezone as rental only all sites that currently have purpose-built rental buildings with 6 or more units. Property owners could potentially rezone to Comprehensive Development District. But they must still replace existing rental or provide a minimum of 20% rental (whichever is greater) in the new development.

Also proposed is Density Offset. Developers could seek additional density of market strata units in a project to subsidize affordable rental units. An additional 50% of base density may be made available in RM3, 4 and 5 districts. The Burnaby Zoning Bylaw would need to be amended to allow the additional density.

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.