New Homes Registry Report – February 2026

February 2026

British Columbia’s Monthly NEW HOMES REGISTRY REPORT

Leading Housing Market Indicator for B.C. Registered new homes data are a leading indicator of housing and economic 1 activity in British Columbia. The Monthly New Homes Registry Report provides information on registered new homes by building type, building size and location, and is intended for use by the residential construction industry, real estate community and researchers. General Highlights Figure 1: Registered New Homes 2 by Building Type, 2002–2026 Year-to-Date  In the first two months of 2026, 8,004 new homes were registered 2 in B.C., including 731 single detached 3 and 7,273 multi-unit homes 4 .  So far in 2026, total home registrations 2 are down 40,000 50,000 60,000

19.1% from 2025. Registrations for multi-unit homes 4 decreased 17.8%, while registrations for single detached homes decreased 30.2% 3 .  In February, 4,507 new homes were registered 2 in B.C., a 14.1% decrease compared with February 2025.  Using a 12-month moving average 5 , there were 3,832 new registered homes 2 in February, a 1.6% decrease from January for all registered new homes.  Metro Vancouver accounted for 73.6% of all new homes registered 2 in February. Surrey (1,518), Burnaby (537) and Vancouver (310) were the top three cities in registered new homes this month.  In February, there were more multi-unit homes than single detached homes in Lake Country, Maple Ridge, Saanich, Kamloops, Langley*, Surrey, Sooke, Richmond, Burnaby, Port Alberni, Coquitlam, Kelowna, Nanaimo, Penticton, Rossland, Creston, Campbell River, Vancouver, Colwood, Sidney, Vernon, Comox, West Kelowna, Terrace, Delta*, Nelson, Mission, and Langford.  So far in 2026, 4,240 purpose-built rental units 6 were registered in B.C. Compared with the same period in 2025, the number of registered rental units increased 2.8%.

30,000

20,000

10,000

Single Detached Homes

Homes in Multi-unit Buildings

Total

Figure 2: Registered New Homes 2 by Building Type and Selected City 7 , February 2026

Surrey

1,479

Burnaby

514

Vancouver

261

Maple Ridge

251

Coquitlam

220

Richmond

213

Saanich

210

Homes in Multi-unit Buildings Single Detached Homes

Langley

186

Kelowna

173

Nanaimo

125

*Langley includes the City of Langley and the Township of Langley. Delta includes City of Delta and Tsawwassen First Nation Lands.

200

400

600

800

1,000 1,200 1,400 1,600

Figure 3: Registered New Homes 2 by Regional District 8 , February 2026

Number of Single Detached Homes 3 Regional % Share of Provincial Total

Number of Homes in Multi-unit Buildings 4 Regional % Share of Provincial Total

Regional District

7 1.7%

93 2.3%

Thompson-Nicola

20 4.8%

246 6.0%

Central Okanagan

21 5.0%

127 3.1%

Nanaimo

171 40.9%

3,147 77.0%

Metro Vancouver

35 8.4%

321 7.9%

Capital

Single Detached Highlights  In the first two months of 2026, 731 new single detached homes were registered 3 in B.C. Compared with the same period in 2025, single detached registrations decreased 30.2%.  In February, 418 single detached homes were registered 3 . Compared with February 2025, the number of single detached registrations decreased 25.4%.  Using a 12-month moving average 5 , there were 433 new single detached registered homes 3 in February, trending at a 2.7% decrease from January.  Using a 36-month moving average 5 , there were 471 new single detached registered homes 3 in February, which is a 0.3% decrease from January.  Vancouver (49), Surrey (39) and Abbotsford (25) had the largest number of single detached homes registered 3 in February.

Figure 4: Registered Single Detached Homes 3 , February 2026

1,200

1,000

800

600

400

200

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

2025

2026

5-year average

Figure 5: Registered Owner-built Homes 9 , 2002 –2026 Year-to-Date

0 1,000 2,000 3,000 4,000 5,000

1261 03

Figure 6: Registered Single Detached Homes 3 by Selected City 10 in Metro Vancouver, 2025-2026 Year-to-Date

West Vancouver Coquitlam North Vancouver Maple Ridge Richmond Langley Burnaby Delta Surrey Vancouver

159

111

2026 YTD 2025 YTD

10 11 11

100

120

140

160

180

Figure 7: Registered Single Detached Homes 3 in Metro Vancouver, 2002–2026 Year-to-Date

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

Vancouver

Surrey

Rest of Metro Vancouver

Total Metro Vancouver

Rest of BC

Enrolled Multi-unit Highlights  In the first two months of 2026, 3,033 new multi-unit homes were enrolled 11 in B.C. Compared with the same period in 2025, multi-unit enrollments decreased 35.8%.  In February, 2,133 multi-unit homes were enrolled 10 . Compared with February 2025, the number of multi-unit enrollments decreased 16.5%.  Using a 12-month moving average 5 , there were 1,209 new multi-unit enrolled homes 11 in February, trending at a 2.8% decrease from January.  Using a 36-month moving average 5 , there were 1,595 new multi-unit enrolled homes 11 in February, which is a 1.1% increase from January.  There were 250 new multi-unit buildings enrolled 11 in February. Most of these buildings were duplexes (40.4%), and 5 to 50 Units (34.4%). The largest building of 207 units was proposed to be built in Richmond.  In February, Surrey (1,055), Richmond (213), and Langley* (186) had the largest number of multi-unit enrolled homes 11 in B.C.

Figure 8: Enrolled Homes in Multi-unit Buildings 11 , February 2026

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

0 500

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

2025

2026

5-year average

Figure 9: Enrolled Multi-unit Buildings 11 by Building Size 12 , February 2026

160

140

120

101

100

Duplex

Triplex

Quadplex 5-50 Units 51-100 Units >100 Units

Figure 10: Enrolled Homes in Multi-unit Buildings 11 by 12-Month and 36-Month Moving Averages 5 , February 2026

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

Enrollments by Month

12-Month Moving Average

36-Month Moving Average

Purpose-built Rental Highlights  In the first two months of 2026, 4,240 purpose-built rental units 6 were registered in B.C. Compared with the same period in 2025, the number of registered rental units increased 2.8%.  So far in 2026, rental units 6 represented 58.3% of all multi-unit registrations.  This month 1,956 rental units were registered 12 . Compared with February 2025, the number of rental units registered decreased 8.4%.  Using a 12-month moving average 5 , there were 2,190 rental units registered 6 in February, trending at a 0.7% decrease from January.  Using a 36-month moving average 5 , there were 1,817 rental units registered 6 in February, which is a 1.4% increase from January.  There were 18 rental buildings registered 6 in February. These were buildings of 5 to 50 units (33.3%), 51 to 100 units (33.3%) and buildings of more than 100 units (33.3%). The largest building of 480 units was proposed to be built in Burnaby.  In February, Burnaby (480), Surrey (424), and Saanich (210) had the largest number of rental units registered 6 in B.C.

Figure 11: Purpose-built Rental Units 6 , February 2026

3,000

2,500

2,000

1,500

1,000

500

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

2025

2026

5-year average

Figure 12: Purpose-built Rental Buildings 6 by Building Size 12 , February 2026

Duplex

Triplex

Quadplex

5-50 Units 51-100 Units >100 Units

Figure 13: Purpose-built Rental Units 6 by 12-Month and 36-Month Moving Averages 5 , February 2026

3,500

3,000

2,500

2,000

1,500

1,000

500

Enrollments by Month

12-Month Moving Average

36-Month Moving Average

Data Tables

Table 1: Registered New Homes², 2002 to 2026

Registered New Single Detached Homes 3

Registered New Homes in Multi-unit Buildings 4

Calendar Year

Purpose-built Rental 6

Single Detached Homes Enrolled with Home Warranty Insurance

Owner Builder Authorizations 9

Homes in Multi-unit Buildings with Home Warranty Insurance 11

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

9,179

3,268

12,075

2,178

11,498

3,507

16,338

2,542

11,746

3,666

19,732

2,654

11,619

3,854

23,211

1,945

10,837

4,124

23,393

1,488

9,995

3,959

25,294

1,688

7,848

3,373

14,924

801

7,176

2,749

6,747

1,783

8,432

3,199

13,949

1,716

7,407

2,596

14,498

1,371

6,912

2,445

16,279

1,948

6,535

2,067

15,803

2,951

8,886

2,335

15,929

2,962

8,846

2,549

17,899

4,736

10,625

2,211

22,749

5,272

11,005

1,136

20,411

9,402

9,470

1,173

25,866

7,724

7,470

960

21,153

13,308

8,133

984

13,353

9,146

10,331

1,085

26,985

13,255

7,345

932

27,018

14,663

5,365

692

19,205

19,371

4,991

582

21,641

18,577

4,894

623

16,199

26,162

2025 YTD 2026 YTD

921

126

4,725

4,126

628

103

3,033

4,240

Table 2: Registered New Homes 2 , 2025 to 2026 and 5-year Average, Monthly

Registered New Single Detached Homes 3

Registered New Homes in Multi-unit Buildings 4

Month

2026

2025

5-year Average 13

2026

2025

5-year Average 13

Jan

313

487

578

3,184

4,165

3,051

Feb

418

560

658

4,089

4,686

3,785

Mar

556

797

4,978

4,015

Apr

487

732

4,383

3,980

May

476

700

4,408

3,380

Jun

487

702

2,771

4,242

Jul

480

579

3,615

3,101

Aug

392

589

2,410

3,140

Sep

423

535

2,574

3,093

Oct

425

527

2,914

2,881

Nov

362

508

3,091

3,246

Dec

381

463

2,366

2,702

Table 3: Registered New Homes in Multi-unit Buildings 4 , 2025 to 2026, Monthly

Enrolled New Homes in Multi- unit Buildings 11

Registered New Homes in Multi-Unit Buildings 4

Purpose-built Rental 6

Month

2026

2025

2026

2025

2026

2025

Jan

900

2,174

2,284

1,991

3,184

4,165

Feb

2,133

2,551

1,956

2,135

4,089

4,686

Mar

2,773

2,205

4,978

Apr

1,597

2,786

4,383

May

1,460

2,948

4,408

Jun

803

1,968

2,771

Jul

887

2,728

3,615

Aug

773

1,637

2,410

Sep

884

1,690

2,574

Oct

1,083

1,831

2,914

Nov

478

2,613

3,091

Dec

736

1,630

2,366

Table 4: Registered New Homes 2 by Regional District, February 2026

Registered New Single Detached Homes 3

Registered New Homes in Multi-unit Buildings 4

Total

Regional District

Number of Homes

Regional % Share of Provincial Total

Number of Homes

Regional % Share of Provincial Total

Number of Homes

Regional % Share of Provincial Total

Alberni-Clayoquot

0.7%

1.0%

Bulkley-Nechako

1.4%

0.0%

0.1%

Capital

8.4%

321

7.9%

356

7.9%

Cariboo

1.2%

0.0%

0.1%

Central Coast

0.0%

Central Kootenay

1.9%

0.3%

0.4%

Central Okanagan

4.8%

246

6.0%

266

5.9%

Columbia-Shuswap

2.9%

0.0%

0.3%

Comox Valley

2.2%

0.1%

0.3%

Cowichan Valley

2.4%

0.1%

0.3%

East Kootenay

5.5%

0.0%

0.6%

Fraser Valley

7.9%

0.2%

0.9%

Fraser-Fort George

2.2%

0.1%

0.3%

Kitimat-Stikine

1.0%

0.1%

0.2%

Kootenay-Boundary

1.0%

0.2%

0.3%

Metro Vancouver

171

40.9%

3,147

77.0%

3,318

73.6%

Mount Waddington

0.0%

Nanaimo

5.0%

127

3.1%

148

3.3%

North Okanagan

2.9%

0.4%

0.7%

Northern Rockies

0.0%

Okanagan-Similkameen

1.7%

0.6%

0.7%

Peace River

0.5%

0.0%

Powell River

1.4%

0.0%

0.2%

Skeena-Queen Charlotte

0.0%

Squamish-Lillooet

0.2%

0.0%

Stikine

0.0%

Strathcona

0.7%

0.4%

0.5%

Sunshine Coast

1.7%

0.0%

0.2%

Thompson-Nicola

1.7%

2.3%

100

2.2%

Total

418

100.0%

4,089

100.0%

4,507

100.0%

Background and Methodology

End Notes

BC Housing is responsible for the administration of the Homeowner Protection Act , with a mandate to help bring about improvements in the quality of residential construction and increase consumer protection for buyers of new homes in British Columbia (B.C.). Under the Act, all new homes in the province must be registered with BC Housing. The registration of new homes in the public registry must occur prior to the issuance of building permits and housing starts. The new homes registry data measures residential construction activities at the beginning of a project before construction commences. Therefore, information in the Monthly New Homes Registry Report is a leading indicator of housing activity in B.C. New home registration data is collected from Licensed Residential Builders and owner builders through the New Home Registration forms and Owner Builder Authorization applications. Over time, some minor adjustments may be made to the new home registration data as registrations are withdrawn or cancelled from home warranty insurance. This report provides information on registered new homes by building type, building size, and building location. Figures for registered new homes include both multi-unit and single detached new homes enrolled with home warranty insurance, Owner Builder Authorizations, and, since the August 2016 report, purpose-built rental buildings that are exempt from home warranty insurance. CSA-approved manufactured homes (modular homes, mobile homes and factory-built homes), floating homes, non-stratified hotels, motels, dormitories and care facilities are excluded from the definition of new home and are not reflected in the report. Geographical terms in this publication are based on Statistics Canada’s 2006 Census area. In February 2009, the regional district of Comox-Strathcona was replaced by two successor regional districts, Comox Valley and Strathcona. Research In collaboration with BC Housing, the Bank of Canada conducted a study to assess whether or not new home registration data can be used as a leading indicator for economic activity in B.C. Study findings reveal that quarterly increases in new registrations for single detached homes have statistically significant predictive content for growth in real Gross Domestic Product (GDP) over the next one to three quarters, providing stronger signals compared to housing starts and building permits over this forecast horizon. To view the report, go to the Staff Discussion Papers section on the Bank of Canada’s website.

1 Bank of Canada, 2016. New Housing Registrations as a Leading Indicator of the B.C. Economy. Details are available here. 2 Registered new homes includes: single detached and multi-unit homes enrolled in home warranty insurance, single detached homes constructed by an owner builder not covered by home warranty insurance, and purpose-built rental units that are exempt from home warranty insurance. Before August 2016, calculations of registered new homes in this report excluded purpose-built rental units. 3 Registered new single detached homes includes new single detached homes enrolled with home warranty insurance or with Owner Builder Authorizations issued by the Registrar. 4 Registered new homes in multi-unit buildings (two or more dwelling units) include new homes enrolled with home warranty insurance and new homes in purpose-built rental buildings with a home warranty insurance exemption. Before August 2016, calculations of registered new homes in multi-unit buildings in this report excluded purpose-built rental units. 5 The trend analysis with moving average is based on a twelve-month and 36-month simple moving average of the monthly new home registration data. Data are not seasonally adjusted. 6 Purpose-built rental refers to new rental homes in multi-unit buildings that qualify for exemption from home warranty insurance. These exempted homes must be constructed for rental purposes, including social housing, and have a restrictive covenant registered on title restricting the sale of any dwelling unit for a 10-year period. Rental homes with a covenant may however be captured under “enrolled new multi-unit homes” if the unit is voluntarily enrolled with home warranty insurance. 7 Selected cities are the 10 cities that had the highest numbers of registered new homes in the reference month. 8 The five regional districts with the highest numbers of registered new homes in the reference month. 9 Owner-built homes refers to Owner Builder Authorizations issued by the Registrar. New homes built under an Owner Builder Authorization are exempt from licensing and home warranty insurance. 10 Selected cities are the 10 cities that had the highest numbers of registered single detached homes in Metro Vancouver in 2023. 11 Enrolled new multi-unit homes refers to new homes in multi-unit buildings (two or more dwelling units) enrolled with home warranty insurance. 12 Building size is measured by number of dwelling units, which is equivalent to new homes. 13 In this report, the five year average is the average of the most recently completed five years.

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