Introduction The B.C. Residential Building Statistics & Trends Report presents an analysis of new construction activities and the state of Licensed Residential Builders (LRBs) and Licensed Building Envelope Renovators (BERs). This report provides forward-looking market information and insights for residential construction professionals and homeowners seeking market intelligence and current industry trends to plan ahead and make informed decisions. Data provided in this report are collected through several channels: › All new homes in British Columbia (B.C.) must be registered with BC Housing before the issuance of building permits and construction starts. New home registration data is a leading indicator 1 of housing and economic activity in B.C., providing information on registered new homes by building type, location, and building size. › LRBs and BERs are licensed by BC Housing. To obtain home warranty insurance, LRBs and BERs must apply for and be accepted for home warranty insurance coverage by a warranty insurance provider. Further information on both home warranty insurance and builder licensing is available on the BC Housing website. ›
The Licensed Residential Builder Survey is an annual province-wide quantitative survey covering the typical builder profile (industry experience, builder types), construction activities, and satisfaction and perceptions related to research and education initiatives. › The Current New Homeowners Survey and the Prospective New Home Buyers Survey are conducted every two years as part of a province- wide Consumer Survey. Results of the 2020 Consumer Survey are included in this report.
“The Trends Report is a targeted snapshot of residential development in BC with detailed, region by region, consumer data presented by building type. Industry experts will appreciate the forecast opportunity this business intelligence provides.”
Anne McMullin President and CEO Urban Development Institute
The B.C government declared a state of emergency in relation to the COVID-19 pandemic in March 2020. The pandemic altered typical personal and business behaviour patterns. As a result, readers should be aware that the data covered in this report has likely been affected.
1 Bank of Canada, 2016. New Housing Registrations as a Leading Indicator of the BC Economy. Document available at: www.bankofcanada.ca/wp-content/uploads/2016/02/sdp2016-3.pdf
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