Add the pumpkin puree, water, brown sugar, maple syrup, pumpkin pie spice, and cinnamon to a small saucepan.
Place the saucepan over medium heat and bring the mixture to a gentle simmer.
Simmer for about 5 minutes, stirring frequently.
Remove the saucepan from the heat and stir in the vanilla extract.
Let the syrup cool before transferring it to a glass jar or airtight container.
Store in the refrigerator until ready to use.