Federal loan of $763M for rental construction in Burnaby, B.C.

Grosvenor North America announced on October 14, 2025, that it will utilize a $763-million federal loan from the Apartment Construction Loan Program to build 1,279 rental units at the Brentwood Block development in Burnaby, B.C. The announcement was made by CEO Steve O’Connell, alongside various politicians at the construction site.

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