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
Made with FlippingBook - Share PDF online