[BURNABY] Reign | 104, 120m | 35, 38fl | U/C

[Sheba]

Hmm the Mike Stewart presale listing says "There are 617 condominiums in two concrete towers and 166 rental apartments." A couple days ago BC Housing did a write-up that says:

• Construction is underway on 116 new below-market rental homes at 6337 Cassie Ave., Burnaby
• The homes are for people with middle incomes, delivered in partnership with the federal and local governments, and Waterleaf Housing Society
• Located near Metrotown SkyTrain, the homes will help residents save on transportation costs
• The Province, through BC Builds at BC Housing, is supporting the project with almost $20 million in grants

[Changing City]

Originally Posted by Sheba

Hmm the Mike Stewart presale listing says "There are 617 condominiums in two concrete towers and 166 rental apartments." A couple days ago BC Housing did a write-up that says:

• Construction is underway on 116 new below-market rental homes at 6337 Cassie Ave., Burnaby
• The homes are for people with middle incomes, delivered in partnership with the federal and local governments, and Waterleaf Housing Society
• Located near Metrotown SkyTrain, the homes will help residents save on transportation costs
• The Province, through BC Builds at BC Housing, is supporting the project with almost $20 million in grants

There are 166 rental units, and it appears that 116 will be below-market. That suggests 50 will be market rental.

[WarrenC12]

Originally Posted by Changing City

There are 166 rental units, and it appears that 116 will be below-market. That suggests 50 will be market rental.

I double checked your math and found it to be correct.

[Sheba]

Originally Posted by Changing City

There are 166 rental units, and it appears that 116 will be below-market. That suggests 50 will be market rental.

I don't doubt your math - I just haven't seen anything posted on this thread about what kind of residential it will be.