On October 20, 2026, Connective, alongside Anthem Properties, announced the acquisition of 178 affordable rental homes located in two fully occupied residential buildings in Burnaby, British Columbia. This significant transaction marks a crucial step in maintaining long-term affordability for residents and supports the non-profit housing sector in the province.
The homes acquired, known as The Standard, are now secured under non-profit ownership, which is expected to strengthen the provision of affordable rental options in a region facing housing affordability challenges. With this acquisition, Connective and Anthem Properties aim to ensure that these residential units remain accessible to those in need while also bolstering the capacity of non-profit housing providers in British Columbia.
The growing demand for affordable housing in Burnaby is a concern that resonates across many urban centres in Canada. By transferring these properties into non-profit ownership, the partnership between Connective and Anthem Properties seeks to contribute positively to the local housing market, providing stability and safeguarding the affordability of these homes for current and future tenants.
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