BC Monthly New Homes Registry Report – May 2025

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

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