New Construction in Burnaby 2025-2026: Complete Guide to 120+ Developments

Listen up, future Burnaby homeowners.

The construction cranes dotting Burnaby's skyline aren't just changing the view - they're creating 10,228 new homes right now. And that's just what's currently under construction.

Here's the kicker: Burnaby needs 22,724 new homes by 2026 and 36,540 by 2031. That's not a typo. The demand is real.

Whether you're hunting for a sleek Metrotown high-rise or a family-friendly townhouse near great schools, this guide breaks down every new construction opportunity in Burnaby for 2025-2026.

Burnaby New Construction Market Overview 2025

Let's start with the numbers that matter.

Current Market Snapshot:

• Units under construction: 10,228 homes actively being built
• Price range: $1,000 to $1,300 per square foot for presale condos
• Completion timeline: Most showing 2026 move-in dates
• Housing target: 74,051 homes needed by 2041

Fun Fact: Burnaby has already completed approximately 11,000 new homes since 2021 - that's like building an entire neighbourhood from scratch!

[Insert CHART: Burnaby construction pipeline 2025-2026 showing units by completion date]

The reality? If 50% of units currently under construction are completed by end of 2026, Burnaby will be at about 71% towards meeting its housing needs requirement.

Translation: There's still room for you to get in.

Top New Construction Neighbourhoods in Burnaby

Not all Burnaby neighbourhoods are created equal. Here's where the action is:

Metrotown New Developments

The heavyweight champion of Burnaby development.

Why Metrotown dominates:

• Home to Canada's third-largest mall
• Direct SkyTrain access (goodbye, parking headaches)
• Projects like Concord Metrotown - Grand Tower moving in 2026

What you'll pay: Starting from $1,100/sq ft for prime locations

[Insert TABLE: Metrotown developments - name, units, completion, starting price]

Development	Units	Completion	Starting Price
Concord Metrotown - Grand Tower	TBA	2026	From $1,100/sq ft
Station Square Towers	1,800+	2025-2027	From $1,050/sq ft
[Additional projects]	-	-	-

Brentwood New Construction

The neighbourhood that earned the name "Amazing Brentwood" - and lives up to it.

What makes it amazing:

• Massive mixed-use developments
• Walking distance to BCIT campus
• Restaurant row that rivals downtown

Hot projects:

• The Amazing Brentwood complex expansion
• Multiple towers with 2025-2026 completions

[Insert IMAGE: Brentwood skyline rendering with new towers]

Lougheed Town Centre Projects

The sleeper hit of Burnaby development.

Why investors are watching:

• Major commercial office towers bringing jobs
• SkyTrain connectivity to downtown in 30 minutes
• More affordable than Metrotown (for now)

[Insert MAP: Interactive Lougheed development locations]

Edmonds & Other Areas

Don't sleep on these areas:

Edmonds Station:

• Azure 2 by Ledingham McAllister now selling
• BC Hydro headquarters bringing stable employment

Capitol Hill & Burnaby Heights:

• Boutique developments under 100 units
• Character neighbourhood feel
• Lower price points

Types of New Construction Available

Pre-Sale Condos

The bread and butter of Burnaby's new construction market.

What's available:

• Studios: Starting at $550,000 (450-500 sq ft)
• 1-bedroom: $650,000-$750,000 (550-650 sq ft)
• 2-bedroom: $850,000-$1.2M (750-950 sq ft)
• 3-bedroom: $1.3M+ (1,000+ sq ft)

Deposit breakdown:

• 15-25% total deposit over 18-24 months
• Initial: 5-10% on signing
• Second: 5-10% in 30-90 days
• Balance: Spread over construction period

Key Takeaway: You don't need the full 20% upfront. Most developers accept 5% to get started.

[Insert TABLE: Condo size/price comparison by area]

New Townhomes

Perfect for families who want a yard without leaving the city.

Current inventory:

• 20+ active townhouse projects
• 3-4 bedrooms standard
• Private garages and outdoor space

Price reality check:

• Starting from $1.2M for 3-bedroom units
• Premium locations hitting $1.8M+

[Insert VIDEO: Virtual tour of sample townhouse project]

Affordable Housing Initiatives

Here's some good news: Nearly 1,500 new affordable rental homes are coming with the Province investing approximately $253 million.

What's included:

• 390 units at three developments expected complete by 2025-26
• Income-restricted rentals
• Accessible units for people with disabilities

Notable projects:

• 203 rental homes with 41 accessible units (completing 2025)
• 130 rental homes for Indigenous and non-Indigenous families

2025-2026 Development Timeline

Mark your calendars. Here's when things get real:

Q1 2025:

• 12 projects launching sales
• Focus on Metrotown and Brentwood

Q2-Q3 2025:

• Major completion wave begins
• Multiple affordable housing projects finishing

Q4 2025 - Q1 2026:

• Peak completion period
• Estimated 5,000+ units ready for move-in

2026 Pipeline:

• 30+ projects in various stages
• Major developments like Concord Metrotown completing

[Insert CHART: Quarterly completion timeline with unit counts]

Buying Process for New Construction

Pre-Sale Purchase Steps

Here's your roadmap to pre-sale success:

1. VIP Registration (Now - 3 months before launch)

• Get on developer email lists
• Work with a realtor who has insider access
• Pro tip: Register for multiple projects

2. Preview Events (1-2 weeks before public)

• First look at floor plans
• Best unit selection
• Opening price incentives

3. Contract Signing (Launch day)

• Bring pre-approval letter
• Deposit cheque ready (certified)
• Lawyer on standby

4. 7-Day Rescission Period

• BC law gives you 7 days to reconsider without penalty
• Use this time for due diligence
• Get your financing confirmed

5. Deposit Schedule

• Initial: 5-10% on signing
• 30-90 days: Another 5-10%
• Balance: Spread over construction

[Insert INFOGRAPHIC: Pre-sale purchase timeline]

Financing New Construction

The money talk. Let's make it simple:

Pre-approval timing:

• Get initial pre-approval before shopping
• Re-confirm 6 months before completion
• Final approval 60-90 days before closing

What lenders want:

• 20% down for best rates (minimum 5% for first-time buyers)
• Proof of deposit payments
• Updated income verification at completion

Reality Check: Rates change between purchase and completion. Budget for potential increases.

Investment Analysis

ROI Potential

Let's talk returns.

Historical performance:

• 5-year appreciation: 35-45% in prime areas
• Annual rental increases: 3-5%
• 2024 saw 1.2% sales increase despite rate uncertainty

Rental income projections:

• 1-bedroom: $2,200-$2,600/month
• 2-bedroom: $3,000-$3,800/month
• 3-bedroom: $3,800-$4,500/month

[Insert CHART: 10-year Burnaby price appreciation]

Best Investment Areas

Transit-oriented = Gold:

1. Metrotown radius - Highest rents, stable appreciation
2. Brentwood - Rapid gentrification, rising rents
3. Lougheed - Best value play for 2025-2026

Factors driving returns:

• Population growth projections requiring 74,051 homes by 2041
• SkyTrain expansion plans
• Major employer relocations

Developer Profiles

Not all developers are equal. Here's who's building:

The Heavy Hitters:

1. Concord Pacific
• Track record: 30+ years
• Burnaby focus: Metrotown
• Known for: Large master-planned communities
2. Ledingham McAllister
• Local expertise: 100+ projects
• Current: Azure 2 in Edmonds
• Reputation: Solid construction, fair pricing
3. Anthem Properties
• Active in Burnaby with 2026 completions
• Focus: Premium finishes
• Price point: Mid to high range

[Insert TABLE: Developer comparison - projects, units delivered, reputation score]

Regulations and Incentives

City of Burnaby Policies

What's changing in 2025:

• Burnaby's Housing Design Library streamlining approvals
• Small-scale multi-unit housing (SSMUH) allowing 3-6 units on single lots
• Faster permit processing for qualified projects

Development requirements:

• Tree replacement compliance with City Tree Bylaw
• Community amenity contributions
• Green building standards

First-Time Buyer Programs

Available support:

• First-Time Home Buyer Incentive - 5-10% shared equity
• BC HOME Partnership - Up to $37,500 down payment assistance
• Property Transfer Tax exemption up to $500,000

Qualification basics:

• Household income under $150,000
• Minimum 5% down payment
• First-time buyer status (no property in last 4 years)

Market Forecast 2025-2026

Time for some truth about where this market's headed.

Supply vs Demand Reality:

• Need: 22,724 homes by 2026
• Building: ~5,000 units completing if 50% of current construction finishes
• Gap: Still short by thousands

Price predictions:

• Conservative: 3-5% annual appreciation
• Realistic: 5-8% in transit-adjacent areas
• Bullish: 10%+ for premium Metrotown locations

Interest rate impacts:

• Current environment creating buying opportunities
• Market showing "uncertainty" but steady sales
• Smart money betting on rate stabilization by Q3 2025

[Insert CHART: Supply/demand forecast with price projections]

Bottom Line: The fundamentals haven't changed. Burnaby needs homes. You need a home. The math works in your favour long-term.

FAQs

Q: What's the average deposit required for pre-construction homes in Burnaby? A: Expect to put down 15-25% total, but here's the good news - it's spread over 18-24 months. Most developers start with just 5-10% at signing. That $800,000 condo? You might only need $40,000 to secure it initially.

Q: Which Burnaby neighbourhoods will see the most new construction in 2026? A: Metrotown leads with projects like Concord's Grand Tower, followed by Brentwood and Lougheed Town Centre. Edmonds is the dark horse with several mid-rise projects offering better value.

Q: Are foreign buyers restricted from purchasing new construction in Burnaby? A: Yes - foreign buyers face a 20% additional property transfer tax as of 2025. However, permanent residents and citizens are exempt. Work permit holders may qualify for exemptions. Check current regulations.

Q: How long before move-in should I secure financing for a pre-construction purchase? A: Start 6 months out with a pre-approval refresh. Lock in your rate (if possible) 120 days before completion. Final approval happens 60-90 days before closing. Don't wait - lenders are slower with new construction files.

Q: What warranties come with new construction homes in Burnaby? A: Every new home in BC comes with mandatory 2-5-10 warranty coverage:

• 2 years: Materials and labour
• 5 years: Building envelope (water damage)
• 10 years: Structural defects

Ready to dive into Burnaby's new construction market? The cranes aren't slowing down, and neither should you. Whether you're buying your first home or adding to your portfolio, 2025-2026 offers a unique window of opportunity in one of Metro Vancouver's most dynamic markets. Get in touch with Yinon Filler, a a Burnaby realtor and market veteran.