Burnaby approves BCGEU's 'game-changer' affordable housing project near Royal Oak SkyTrain Station

The British Columbia General Employees’ Union says the plan is to develop a multi-use building, located on Palm Avenue, with 292 units of housing. At least 50 per cent of those units are expected to be at below-market affordable rates.“Our union has been working on this project for more than two years,” said BCGEU president Stephanie Smith, in a statement Tuesday, adding Monday’s vote is “a major milestone that brings us one step closer to making our project a reality.

The chosen location near Royal Oak Skytrain aligns with Burnaby’s 2019 Mayor’s Task Force on Community Housing recommendations, which called for density around Skytrain. It’s an unusual project for a union to take on, and one the union’s treasurer Paul Finch has called a potential “game-changer.” Finch earlier told Postmedia that the union is acting as a developer and they plan to take that “significant value uplift” and instead of putting it into profit margins, use it to produce more affordable rental homes.

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