Purpose-built Rental Highlights • In the first three months of 2025, 6,269 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 65.9%. • So far in 2025, rental units 5 represented
Figure 11: Purpose-built Rental Units 5 , March 2025
3,000
2,500
2,000
45.1% of all multi-unit registrations. • This month 2,170 rental units were
1,500
1,000
registered 12 . Compared with March 2024, the number of rental units registered increased 34.4%. • Using a 12-month moving average 4 , there were 1,746 rental units registered 5 in March, trending at a 2.7% increase from February. • Using a 36-month moving average 4 , there were 1,482 rental units registered 5 in March, unchanged from February. • There were 27 rental buildings registered 5 in March. Most of these were buildings of 5 to 50 units (29.6 %) and buildings of over 100 units (29.6%). The largest building of 423 units was proposed to be built in New Westminster. • In March, Vancouver (480), Langley* (431) and New Westminster (423) had the largest number of rental units registered 5 in B.C.
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 , March 2025
15
10
8
8
6
4
5
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 , March 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
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