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Letter

City of Burnaby Inclusionary Rental and Community Benefit Bonus Consultation

UDI Lower Mainland submission to the City of Vancouver.

In August 2025, the City of Burnaby shared the financial analysis for the Inclusionary Rental and Community Benefit Bonus policies for review. Based on the consultation, UDI found that the financial analyses were not sufficiently accurate considering current market conditions and suggested that a revised review take place.

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2025-08-13-UDI-Letter-Burnaby-Inclusionary-Rental-and-Community-Benefit-Bonus-Consultation.pdf / 326.75 KB

β€œGiven the material flaws in the current analysis and the significant policy implications, we strongly recommend that the City delay bringing this report to Council until the financial testing is corrected, peer reviewed, and followed by further consultation with the development industry.”

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2025-08-13-UDI-Letter-Burnaby-Inclusionary-Rental-and-Community-Benefit-Bonus-Consultation.pdf / 326.75 KB
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