Record Number Of Rental Homes Registered In B.C. In 2023

BC Housing says that for the second straight year, a record number of purpose-built rental homes were registered in British Columbia, approximately 30% more than in 2022.

“Our government’s actions to tackle the housing crisis are starting to take hold as evidenced in the record-setting number of purpose-built homes registered in B.C. last year,” said Ravi Kahlon, Minister of Housing.

“When you compare that to the fewer than 2,000 rental units registered in 2012, it’s quite remarkable how the landscape has changed under our government. I’d like to thank our province’s construction industry for its work to get more homes built for the people of B.C.”

The December New Homes Registry Report shows 19,064 rental homes were registered in B.C. last year, the highest annual total since BC Housing started collecting this data in 2002. Compared with 2022, the number of registered rental units increased by 30.9%.

In total, 45,647 new homes were registered in B.C. in 2023. These include 6,522 single detached homes and 39,125 multi-unit homes.

Registered new-home data is collected at the beginning of a project, before building permits are issued, making it a leading indicator of housing activity in B.C.

To see the full release, visit Government of British Columbia.