detached home registrations increased over the previous year. Single detached homes accounted for 30.2% of total registrations, up from 19.6% in 2019. Of the 22,315 multi-unit homes registered in 2020, 62.4% (13,915) were multi-unit homes enrolled in home warranty insurance and 37.6% (8,400) were purpose-built rental homes 5 . After peaking in 2019 at 13,269 registrations, the number of purpose-built rental homes declined in 2020 (8,400). Despite this, 2020 was the third highest year on record for number of purpose-built rental homes since 2002.
In 2020, 22,573 homes were enrolled with home warranty insurance, the lowest recorded since 2013 (22,340). The number of new homes enrolled with home warranty insurance in 2020 (22,573) declined 24.3% from 2019 to 2020. Homes enrolled with home warranty insurance accounted for 70.6% of registered new homes, followed by purpose-built rentals (26.3%) and owner-built homes (3.1%).
Figure 3: Share of Homes Enrolled in Home Warranty, Owner-built Homes and Purpose-built Rental Homes, 2020
26.3%
27.1%
71% Enrolled in home warranty
3.1%
43.5%
Single Detached Homes Enrolled Multi-unit Homes Enrolled Owner Built Homes Purpose ‐ built Rental Homes
Figure 4: Homes Enrolled with Home Warranty, Owner-built Homes and Purpose-built Rental Homes, 2002-2020
50,000
45,000
40,000
31,957
35,000
30,000
22,573
25,000
20,000
15,000
10,000
5,000
-
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Single Detached Homes Enrolled
Multi-unit Homes Enrolled
Owner Built Homes
Purpose ‐ built Rental Homes
Total Registered New Homes
Total Enrolled New Homes
5 The total number of purpose built rentals does not include all rental units constructed. Rental units that are enrolled in home warranty insurance would be included in the multi-unit registered total.
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