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Feds Lend Developer $763M to Build Almost 1,300 Rentals in Burnaby, B.C.

Summary by CBC News
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.

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

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.

·Canada
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CBC News broke the news in Canada on Tuesday, October 14, 2025.
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