Published May 6, 2026, 11:00 a.m.

Pinnacle seeks taller Lougheed mixed-use towers in Burnaby

Rendering of Pinnacle Lougheed towers in Burnaby — Pinnacle Lougheed revisions would raise the proposed towers and shift more of the first phase toward residential and hotel uses. (Daily Hive Urbanized)

Connect CRE Canada reported on May 6, 2026 that Pinnacle International has revised the first phase of its major Pinnacle Lougheed mixed-use project beside Lougheed Town Centre SkyTrain station in Burnaby.

The revised proposal would raise one tower to 87 storeys from 80 and another to 77 storeys from 73. The plan also adds 292 market condo units and removes commercial office space, reflecting continued softness in the office market.

Question

Why does this Burnaby proposal matter beyond one project?

Insight

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Editor's Comment

Lougheed is one of the region’s most bankable transit-oriented nodes, so when a major sponsor like Pinnacle reallocates space away from office and into condos/hotel, it’s a clear read on where lenders and pre-sales demand are actually supporting new construction today. For buyers, more market condo supply at this scale can temper near-term pricing power in the immediate Lougheed/Burquitlam catchment, but the SkyTrain adjacency and multi-phase masterplan still underpin long-run liquidity. The affordable-housing reshuffle is the bigger policy signal: concentrating 300 below-market rentals at Carrigan Court while converting 105 units to market rental changes both the on-site mix and the precedent for how Burnaby may negotiate community benefits on future mega-projects. Investors should watch the final approval conditions closely—especially any timing/phasing requirements—because they can materially affect delivery risk, rental absorption, and the competitive set for nearby purpose-built rental and condo launches.