“Multi-Generational Homes in Burnaby”

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Burnaby is one of the fastest-growing cities in Metro Vancouver, making it an attractive place for multi-family real estate investment. With increasing demand for housing, close proximity to SkyTrain lines, and major commercial hubs like Metrotown and Brentwood, Burnaby offers strong potential for rental income and long-term value.

Great Opportunity

High-Demand Neighbourhoods for Multi-Family Investment

  • Metrotown: High density, top rental rates, near shopping & transit.

  • Brentwood: Rapid growth, major new developments, excellent future upside.

  • Edmonds: More affordable, emerging market, rezoning potential.

  • Burnaby Heights Established community, good mix of older and newer duplexes.

Multi-Family Homes For Sale

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Data was last updated March 10, 2026 at 04:10 AM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

Multi-Generational Family Homes

Experts predict that the number of multi-generational households will continue to rise as all levels of government work to make it easier to build or renovate smaller homes on existing family properties.

According to the province of B.C., outdated zoning regulations have, for decades, limited new housing to either condos or single-family homes—options that are now financially out of reach for many first-time buyers.

Sharing large houses or building backyard homes can make financial and practical sense.

What is a multi-generational home?

Multi-generational living is not a new concept. For centuries, many cultures have valued the way it fosters strong connections between older and younger generations.

Today, its growing popularity goes beyond just sharing expenses. Contributing factors include an aging population and increased immigration from countries—particularly in Asia—where multi-generational households are a longstanding tradition.

Common Types of Multi-Family Properties in Burnaby

  • Duplexes & Fourplexes

    • Found in many established neighbourhoods like Deer Lake, Burnaby Heights, and Edmonds.

    • Ideal for house hacking or small-scale investing.

  • Purpose-Built Rental Buildings

    • Larger developments specifically built for long-term rentals.

    • Often located near commercial centres and transit.

  • Burnaby Laneway Homes

    Burnaby’s neighbourhoods are evolving, thanks to the city’s forward-thinking Housing Choices program, which is paving the way for more laneway houses, coach homes, and semi-detached suites.

    Also known as carriage homes, laneway houses are small, self-contained dwellings built in the backyard of a primary residence, typically facing the lane. These compact units can provide valuable rental income for homeowners or offer a comfortable living space for extended family members.

    Curious about how a laneway house could work for you? Discover the benefits and opportunities this flexible housing option can bring!

  • See New Burnaby House Design Library 

Why Invest in Multi-Family Real Estate in Burnaby?

  • Proximity to Transit: SkyTrain lines (Expo & Millennium) make Burnaby highly accessible.

  • Strong Rental Demand: A growing population and limited supply create consistent tenant demand.

  • Rezoning Opportunities: Certain areas in Burnaby are being upzoned for higher-density housing, increasing property values.

  • Education & Employment: SFU, BCIT, and major tech companies draw students and professionals who rent.

Things to Consider About Multi-Family Homes

  • City of Burnaby Zoning Rules: Multi-family development is regulated by zoning bylaws. Check RM (Residential Multiple Family) zones for eligibility.

  • Property Taxes: Generally higher for multi-family homes than single-family.

  • Strata vs. Freehold: Condos have strata fees; purpose-built rentals or duplexes are usually freehold with more flexibility.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.