With the increasing population size in the city of Burnaby, high-rise apartment appears to be a way to address this high population density by developing space in high altitude. Metrotown, Brentwood, Edmonds and Lougheed became a battleground for Real Estate developers. Up to now, around the Metrotown, more than 10 buildings are proposed and under construction of 30 layers more high-rise apartments while the upgradation of Metrotown Skytrain Station is in process at the same time.
Why is Burnaby flooded with high-rise apartments?
Burnaby is in the heart of the Greater Vancouver region with excellent connections, the shortest time for the Millennium line to Vancouver and one of the largest shopping center Metropolis located in center of South Burnaby. In addition to the developed business and entertainment environment, the two major BC universities SFU and BCIT’s main campus are in Burnaby. Tens of thousands of students in the city and its surrounding to study and live, forming a rigid demand for housing in the region.
As a specialist with Colliers International said, “In Vancouver, outside of downtown there are effectively less than a handful of projects where you can do towers. You are not going to find a site in Vancouver to build a high-rise, so where are you going to build it? You are going to find it in Burnaby or Coquitlam,” expressed the reason that Vancouver’s restrictive and complex housing polices and little usable lands for developing high-rise apartments makes