Purpose-built Rental Highlights • In the first half of 2025, 14,017 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 50.7%. • So far in 2025, rental units 5 represented
Figure 11: Purpose-built Rental Units 5 , June 2025
3,000
2,500
2,000
55.0% of all multi-unit registrations. • This month 1,966 rental units were
1,500
registered 12 . Compared with June 2024, the number of rental units registered decreased 22.0%. • Using a 12-month moving average 4 , there were 1,931 rental units registered 5 in June, trending at a 2.3% decrease from May. • Using a 36-month moving average 4 , there were 1,610 rental units registered 5 in June, which is effectively unchanged from May with a 0.5% decrease. • There were 25 rental buildings registered 5 in June. Most of these were buildings of 51 to 100 units (40.0%) and buildings of 5 to 50 units (36.0%). The largest building of 183 units was proposed to be built in Vancouver. • In June, Vancouver (628), Comox (199) and Kelowna (177) had the largest number of rental units registered 5 in B.C.
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 , June 2025
15
10
9
10
6
5
0
0
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 , June 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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