May 2025
British Columbia’s Monthly NEW HOMES REGISTRY REPORT
Report Context The Monthly New Homes Registry Report provides information on new home registrations, which occur before the issuance of building permits and housing starts. As new home registrations are subject to change, they should be considered as planned or proposed projects. The report is intended for use by the residential construction industry, real estate community and researchers.
Figure 1: Registered New Homes 1 by Building Type, 2002 – 2025 Year-to-Date
General Highlights
60,000
• In the first five months of 2025, 25,029 new homes were registered 1 in B.C., including 2,650 single detached 2 and 22,379 multi-unit homes 3 . • So far in 2025, total home registrations 1 are up 35.4% from 2024. Registrations for multi-unit homes 3 increased 40.0%, while registrations for single detached homes 2 increased 5.6%. • In May, 4,573 new homes were registered 2 in B.C., a 76.4% increase compared with May 2024. • Using a 12-month moving average 4 , there were 4,381 new registered homes 1 in May, a 3.9% increase from April for all registered new homes. • Metro Vancouver accounted for 77.1% of all new homes registered 1 in May. Burnaby (1,285), Vancouver (1,203) and Surrey (602) were the top three cities in registered new homes this month. • In May, there were more multi-unit homes than single detached homes in Port Moody, Trail, Squamish, Burnaby, Duncan, Coquitlam, Kamloops, Keremeos, Vancouver, Abbotsford, Langford, Victoria, Surrey, North Vancouver*, Richmond, Agassiz, Vernon, Mission and Williams Lake. • So far in 2025, 11,706 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 72.6%.
50,000
40,000
30,000
20,000
10,000
0
Single Detached Homes
Homes in Multi-unit Buildings
Total
Figure 2: Registered New Homes 1 by Building Type and Selected City 6 , May 2025
Burnaby
1,261
24
Vancouver
1,152
51
Surrey
549
53
Victoria
161
15
Coquitlam
169
4
Abbotsford
106
9
Duncan
100
2
Homes in Multi-unit Buildings
Kamloops
94
3
Single Detached Homes
Langford
87
8
Squamish
75
1
0
200
400
600
800
1,000 1,200 1,400
* North Vancouver includes the City of North Vancouver and District of North Vancouver. Delta includes City of Delta and Tsawwassen First Nation Lands.
Figure 3: Registered New Homes 1 by Regional District 7 , May 2025
Number of Single Detached Homes 2 Regional % Share of Provincial Total
Number of Homes in Multi-unit Buildings 3 Regional % Share of Provincial Total
Regional District
7 1.4%
97 2.4%
Thompson-Nicola
21 4.2%
116 2.8%
Fraser Valley
13 2.6%
100 2.5%
Cowichan Valley
213 42.9%
3,314 81.3%
Metro Vancouver
40 8.1%
260 6.4%
Capital
2
Single Detached Highlights • In the first five months of 2025, 2,650 new single detached homes were registered 2 in B.C. Compared with the same period in 2024, single detached registrations increased 5.6%. • In May, 496 single detached homes were registered 3 . Compared with May 2024, the number of single detached registrations decreased 5.2%. • Using a 12-month moving average 4 , there were 490 new single detached registered
Figure 4: Registered Single Detached Homes 2 , May 2025
1,200
1,000
800
600
400
200
0
Jan Feb Mar Apr May Jun Jul
Aug Sep Oct Nov Dec
2024
2025
5-year average
homes 2 in May, which is effectively unchanged from April with a 0.5% decrease.
Figure 5: Registered Owner-built Homes 8 , 2002 – 2025 Year-to-Date
5,000
• Using a 36-month moving average 4 , there were 516 new single detached registered homes 2 in May, which is a 2.0% decrease from April. • Surrey (53), Vancouver (51) and Delta* (33) had the largest number of single detached homes registered 2 in May.
4,000
3,000
2,000
328
1,000
230
0
Figure 6: Registered Single Detached Homes 2 by Selected City 9 in Metro Vancouver, 2024-2025 Year-to-Date
271
Vancouver
337
154
Surrey
266
108
Burnaby
99
104
Langley
74
66
Delta
142
56
Richmond
2024 YTD 2025 YTD
53
32
North Vancouver
31
28
Coquitlam
39
26
Maple Ridge
23
24
West Vancouver
28
0
50
100
150
200
250
300
350
400
Figure 7: Registered Single Detached Homes 2 in Metro Vancouver, 2002 – 2025 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
3
Enrolled Multi-unit Highlights • In the first five months of 2025, 10,673 new multi-unit homes were enrolled 10 in B.C. Compared with the same period in 2024, multi-unit enrollments increased 16.0%. • In May, 1,474 multi-unit homes were enrolled 10 . Compared with May 2024, the number of multi-unit enrollments increased 63.2%. • Using a 12-month moving average 4 , there were 1,942 new multi-unit enrolled homes 10 in May, trending at a 2.5% increase from April. • Using a 36-month moving average 4 , there were 1,821 new multi-unit enrolled homes 10 in May, which is a 1.4% decrease from April. • There were 223 new multi-unit buildings enrolled 10 in May. Most of these were duplexes (67.7%) and buildings of 5 to 50 units (12.1%). The largest building of 451 units was proposed to be built in Burnaby. • In May, Burnaby (497), Vancouver (172) and Coquitlam (169) had the largest number of multi-unit enrolled homes 10 in B.C.
Figure 8: Enrolled Homes in Multi-unit Buildings 10 , May 2025
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Jan Feb Mar Apr May Jun Jul
Aug Sep Oct Nov Dec
2024
2025
5-year average
Figure 9: Enrolled Multi-unit Buildings 10 by Building Size 11 , May 2025
160
151
140
120
100
80
60
40
27
23
17
20
4
1
0
Duplex
Triplex
Quadplex
5-50 Units 51-100 Units >100 Units
Figure 10: Enrolled Homes in Multi-unit Buildings 10 by 12-Month and 36-Month Moving Averages 4 , May 2025
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Enrollments by Month
12-Month Moving Average
36-Month Moving Average
4
Purpose-built Rental Highlights • In the first five months of 2025, 11,706 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 72.6%. • So far in 2025, rental units 5 represented 52.3% of all multi-unit registrations. • This month 2,603 rental units were registered 12 . Compared with May 2024, the number of rental units registered increased 123.1%. • Using a 12-month moving average 4 , there were 1,949 rental units registered 5 in May, trending at a 6.5% increase from April. • Using a 36-month moving average 4 , there were 1,609 rental units registered 5 in May, which is a 3.8% increase from April. • There were 22 rental buildings registered 5 in May. Most of these were and buildings of 5 to 50 units (50.0%), buildings of 51 to 100 units (18.2%) and buildings of over 100 units (18.2%). The largest building of 724 units was proposed to be built in Burnaby. • In May, Vancouver (980), Burnaby (764) and Surrey (463) had the largest number of rental units registered 5 in B.C.
Figure 11: Purpose-built Rental Units 5 , May 2025
3,000
2,500
2,000
1,500
1,000
500
0
Jan Feb Mar Apr May Jun Jul
Aug Sep Oct Nov Dec
2024
2025
5-year average
Figure 12: Purpose-built Rental Buildings 5 by Building Size 11 , May 2025
15
11
10
4
4
5
2
1
0
0
Duplex
Triplex
Quadplex 5-50 Units 51-100 Units >100 Units
Figure 13: Purpose-built Rental Units 5 by 12-Month and 36-Month Moving Averages 4 , May 2025
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Enrollments by Month
12-Month Moving Average
36-Month Moving Average
5
Data Tables
Table 1: Registered New Homes 1 , 2002 to 2025
Registered New Single Detached Homes 2
Registered New Homes in Multi-unit Buildings 3
Calendar Year
Purpose-built Rental 5
Single Detached Homes Enrolled with Home Warranty Insurance
Owner Builder Authorizations 8
Homes in Multi-unit Buildings with Home Warranty Insurance 10
9,179
3,268
12,075
2,178
2002
11,498
3,507
16,338
2,542
2003
11,746
3,666
19,732
2,654
2004
11,619
3,854
23,211
1,945
2005
10,837
4,124
23,393
1,488
2006
9,995
3,959
25,294
1,688
2007
7,848
3,373
14,924
801
2008
7,176
2,749
6,747
1,783
2009
8,432
3,199
13,949
1,716
2010
7,407
2,596
14,498
1,371
2011
6,912
2,445
16,279
1,948
2012
6,536
2,067
15,803
2,951
2013
8,886
2,335
15,929
2,962
2014
8,848
2,549
17,899
4,736
2015
10,625
2,211
22,749
5,272
2016
11,009
1,136
20,419
9,354
2017
9,478
1,173
25,901
7,724
2018
7,477
960
21,910
13,259
2019
8,142
984
13,360
8,775
2020
10,375
1,085
27,017
13,148
2021
7,441
932
27,112
14,658
2022
5,462
692
19,422
19,168
2023
5,157
582
21,827
18,464
2024
2,280
230
9,198
6,782
2024 YTD
2,322
328
10,673
11,706
2025 YTD
6
Table 2: Registered New Homes 1 , 2024 to 2025 and 5-year Average, Monthly
Registered New Single Detached Homes 2
Registered New Homes in Multi-unit Buildings 3
Month
5-year Average 12
5-year Average 12
2025
2024
2025
2024
510
426
614
4,178
1,721
2,672
Jan
569
488
700
4,708
3,615
3,237
Feb
570
567
867
5,019
2,963
3,302
Mar
505
506
779
4,397
5,611
3,517
Apr
496
523
756
4,077
2,070
2,818
May
487
764
4,660
3,915
Jun
470
633
3,352
2,821
Jul
502
662
2,538
3,035
Aug
410
618
1,987
2,856
Sep
509
610
3,237
2,601
Oct
460
593
3,518
3,055
Nov
391
574
5,019
2,762
Dec
Table 3: Registered New Homes in Multi-unit Buildings 3 , 2024 to 2025, Monthly
Enrolled New Homes in Multi- unit Buildings 10
Registered New Homes in Multi-Unit Buildings 3
Purpose-built Rental 5
Month
2025
2024
2025
2024
2025
2024
2,187
514
1,991
1,207
4,178
1,721
Jan
2,573
2,658
2,135
957
4,708
3,615
Feb
2,828
1,348
2,191
1,615
5,019
2,963
Mar
1,611
3,775
2,786
1,836
4,397
5,611
Apr
1,474
903
2,603
1,167
4,077
2,070
May
2,138
2,522
4,660
Jun
2,309
1,043
3,352
Jul
1,169
1,369
2,538
Aug
1,150
837
1,987
Sep
1,773
1,464
3,237
Oct
1,607
1,911
3,518
Nov
2,483
2,536
5,019
Dec
7
Table 4: Registered New Homes 1 by Regional District, May 2025
Registered New Single Detached Homes 2
Registered New Homes in Multi-unit Buildings 3
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
15
3.0%
4
0.1%
19
0.4%
Alberni-Clayoquot
7
1.4%
0
0.0%
7
0.2%
Bulkley-Nechako
40
8.1%
260
6.4%
300
6.6%
Capital
15
3.0%
4
0.1%
19
0.4%
Cariboo
0
0.0%
0
0.0%
0
0.0%
Central Coast
10
2.0%
2
0.0%
12
0.3%
Central Kootenay
24
4.8%
10
0.2%
34
0.7%
Central Okanagan
10
2.0%
0
0.0%
10
0.2%
Columbia-Shuswap
7
1.4%
0
0.0%
7
0.2%
Comox Valley
13
2.6%
100
2.5%
113
2.5%
Cowichan Valley
31
6.3%
2
0.0%
33
0.7%
East Kootenay
21
4.2%
116
2.8%
137
3.0%
Fraser Valley
9
1.8%
0
0.0%
9
0.2%
Fraser-Fort George
3
0.6%
0
0.0%
3
0.1%
Kitimat-Stikine
5
1.0%
41
1.0%
46
1.0%
Kootenay-Boundary
213
42.9%
3,314
81.3%
3,527
77.1%
Metro Vancouver
0
0.0%
0
0.0%
0
0.0%
Mount Waddington
28
5.6%
6
0.1%
34
0.7%
Nanaimo
11
2.2%
14
0.3%
25
0.5%
North Okanagan
0
0.0%
0
0.0%
0
0.0%
Northern Rockies
7
1.4%
24
0.6%
31
0.7%
Okanagan-Similkameen
4
0.8%
0
0.0%
4
0.1%
Peace River
2
0.4%
2
0.0%
4
0.1%
qathet
0
0.0%
0
0.0%
0
0.0%
Skeena-Queen Charlotte
4
0.8%
75
1.8%
79
1.7%
Squamish-Lillooet
0
0.0%
0
0.0%
0
0.0%
Stikine
2
0.4%
2
0.0%
4
0.1%
Strathcona
8
1.6%
4
0.1%
12
0.3%
Sunshine Coast
7
1.4%
97
2.4%
104
2.3%
Thompson-Nicola
496
100.0%
4,077
100.0%
4,573
100.0%
Total
8
Background and Methodology
End Notes
1 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. 2 Registered new single detached homes includes new single detached homes enrolled with home warranty insurance or with Owner Builder Authorizations issued by the Registrar. 3 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. 4 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. 5 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. 6 Selected cities are the 10 cities that had the highest numbers of registered new homes in the reference month. 7 The five regional districts with the highest numbers of registered new homes in the reference month. 8 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. 9 Selected cities are the 10 cities that had the highest numbers of registered single detached homes in Metro Vancouver in 2024. 10 Enrolled new multi-unit homes refers to new homes in multi-unit buildings (two or more dwelling units) enrolled with home warranty insurance. 11 Building size is measured by number of dwelling units, which is equivalent to new homes. 12 In this report, the five year average is the average of the most recently completed five years.
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 in 2016 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.
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