Yes. The Copyright Act specifies that “every original literary, dramatic, musical and artistic work” is protected by copyright, and this includes student work as well as your thesis. This means that your permission is required in order for an instructor to keep a copy to share it with future students.
Additionally, SFU's Intellectual Property Policy specifies that "IP created exclusively by a student Creator in the course of completing the requirements for an academic degree or certificate is owned by the student Creator." Remember that if you are collaborating with a faculty member, or anyone else, you should discuss the intellectual property rights and any necessary agreements before beginning the project.