New Homes Registry Report – December 2025

December 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.

General Highlights

Figure 1: Registered New Homes 1 by Building Type, 2002–2025

60,000

 In 2025, 47,858 new homes were registered 1 in B.C., including 5,562 single detached 2 and 42,296 multi-unit homes 3 .  In 2025, total home registrations 1 are up 4.7% from 2024. Registrations for multi-unit homes 3 increased 5.4%, while registrations for single detached homes 2 decreased 0.9%.  In December, 2,672 new homes were registered 1 in B.C., a 50.3% decrease compared with December 2024.  Using a 12-month moving average 4 , there were 3,988 new registered homes 1 in December, a 5.3% decrease from November for all registered new homes.  Metro Vancouver accounted for 45.7% of all new homes registered 1 in December. Victoria (593), Surrey (413) and Burnaby (238) were the top three cities in registered new homes this month.  In December, there were more multi-unit homes than single detached homes in Lake Country, Prince Rupert, Comox, Squamish, Victoria, Port Coquitlam, Revelstoke, Abbotsford, Kelowna, Coquitlam, Penticton, Chilliwack, Surrey, Burnaby, Powell River, Vancouver, Salmon Arm, Lantzville, Langford, Prince George and Langley*.  In 2025, 25,855 purpose-built rental units 5 were registered in B.C. Compared with 2024, the number of registered rental units increased 40.0%.

50,000

40,000

30,000

20,000

10,000

Single Detached Homes

Homes in Multi-unit Buildings

Total

Figure 2: Registered New Homes 1 by Building Type and Selected City 6 , December 2025

Victoria

586

Surrey

372

Burnaby

204

Vancouver

179

Coquitlam

174

Kelowna

172

Abbotsford

168

Homes in Multi-unit Buildings Single Detached Homes

Revelstoke

Lake Country

Langley

100

200

300

400

500

600

700

*Langley includes the Township of Langley and City of Langley.

Figure 3: Registered New Homes 1 by Regional District 7 , November 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

16 4.2%

73 3.2%

Columbia-Shuswap

11 2.9%

240 10.5%

Central Okanagan

25 6.5%

607 26.5%

209 54.7%

1,013 44.2%

Capital

Metro Vancouver

23 6.0%

208 9.1%

Fraser Valley

Single Detached Highlights  In 2025, 5,562 new single detached homes were registered 2 in B.C. Compared with 2024, single detached registrations decreased 0.9%.  In December, 382 single detached homes were registered 2 . Compared with December 2024, the number of single detached registrations increased 1.6%.  Using a 12-month moving average 4 , there were 464 new single detached registered homes 2 in December, which is effectively unchanged from November with a 0.1% increase.  Using a 36-month moving average 4 , there were 479 new single detached registered homes 2 in December, which is effectively unchanged from November with a 0.2% decrease.  Vancouver (58), Surrey (41) and Burnaby (34) had the largest number of single detached homes registered 2 in December.

Figure 4: Registered Single Detached Homes 2 , December 2025

1,200

1,000

800

600

400

200

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov Dec

2024

2025

5-year average

Figure 5: Registered Owner-built Homes 8 , 2002 –2025

0 1,000 2,000 3,000 4,000 5,000

Figure 6: Registered Single Detached Homes 2 by Selected City 9 in Metro Vancouver, 2024-2025

641

West Vancouver Coquitlam North Vancouver Maple Ridge Richmond Delta Langley Burnaby Surrey Vancouver

702

443

519

229

254

216

172

153

267

129

121

2024 2025

100

200

300

400

500

600

700

Figure 7: Registered Single Detached Homes 2 in Metro Vancouver, 2002–2025

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

Enrolled Multi-unit Highlights  In 2025, 16,441 new multi-unit homes were enrolled 10 in B.C. Compared with 2024, multi-unit enrollments decreased 24.1%.  In December, 740 multi-unit homes were enrolled 10 . Compared with December 2024, the number of multi-unit enrollments decreased 69.9%.  Using a 12-month moving average 4 , there were 1,370 new multi-unit enrolled homes 10 in December, trending at a 9.5% decrease from November.  Using a 36-month moving average 4 , there were 1,592 new multi-unit enrolled homes 10 in December, which is effectively unchanged from November with a 0.7% decrease.  There were 205 new multi-unit buildings enrolled 10 in December. Most of these were duplexes (69.3%) and quadplexes(17.6%). The largest building of 82 units was proposed to be built in Abbotsford.  In December, Abbotsford (168), Vancouver (129) and Burnaby (104) had the largest number of multi-unit enrolled homes 10 in B.C.

Figure 8: Enrolled Homes in Multi-unit Buildings 10 , December 2025

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

0 500

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 , December 2025

160

142

140

120

100

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 , December 2025

4,500

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

Enrollments by Month

12-Month Moving Average

36-Month Moving Average

Purpose-built Rental Highlights  In 2025, 25,855 purpose-built rental units 5 were registered in B.C. Compared with 2024, the number of registered rental units increased 40.0%.  In 2025, rental units 5 represented 61.1% of all multi-unit registrations.  In December, 1,550 rental units were registered 11 . Compared with December 2024, the number of rental units registered decreased 38.9%.  Using a 12-month moving average 4 , there were 2,155 rental units registered 5 in December, trending at a 3.7% decrease from November.  Using a 36-month moving average 4 , there were 1,765 rental units registered 5 in December, which is a 1.7% increase from November.  There were 19 rental buildings registered 5 in December. Most of these were buildings of 5 to 50 units (57.9%), buildings of 51 to 100 units (21.1%) and buildings of more than 100 units (21.1%). The largest building of 507 units was proposed to be built in Victoria.  In December, Victoria (562), Surrey (275) and Coquitlam (170) had the largest number of rental units registered 5 in B.C.

Figure 11: Purpose-built Rental Units 5 , December 2025

3,000

2,500

2,000

1,500

1,000

500

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 , December 2025

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 , December 2025

3,500

3,000

2,500

2,000

1,500

1,000

500

Enrollments by Month

12-Month Moving Average

36-Month Moving Average

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

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

9,179

3,268

12,075

2,178

11,498

3,507

16,338

2,542

11,746

3,666

19,732

2,654

11,619

3,854

23,211

1,945

10,837

4,124

23,393

1,488

9,995

3,959

25,294

1,688

7,848

3,373

14,924

801

7,176

2,749

6,747

1,783

8,432

3,199

13,949

1,716

7,407

2,596

14,498

1,371

6,912

2,445

16,279

1,948

6,535

2,067

15,803

2,951

8,886

2,335

15,929

2,962

8,846

2,549

17,899

4,736

10,625

2,211

22,749

5,272

11,007

1,136

20,411

9,402

9,474

1,173

25,866

7,724

7,470

960

21,153

13,259

8,135

984

13,353

9,146

10,341

1,085

26,985

13,254

7,361

932

27,036

14,663

5,378

692

19,217

19,211

5,029

582

21,652

18,463

4,939

623

16,441

25,855

Table 2: Registered New Homes 1 , 2023 to 2025 and 5-year Average, Monthly

Registered New Single Detached Homes 2

Registered New Homes in Multi-unit Buildings 3

Month

2025

2024

5-year Average 12

2025

2024

5-year Average 12

Jan

493

418

580

4,164

1,717

3,054

Feb

561

484

660

4,694

3,606

3,767

Mar

562

555

799

4,982

2,957

4,015

Apr

490

502

734

4,389

5,533

3,982

May

482

512

702

4,408

2,070

3,376

Jun

487

476

704

2,771

4,658

4,210

Jul

484

464

582

3,621

3,348

3,103

Aug

395

483

591

2,419

2,533

3,142

Sep

428

404

537

2,574

1,979

3,095

Oct

433

494

529

2,958

3,235

2,891

Nov

365

443

509

3,026

3,484

3,235

Dec

382

376

464

2,290

4,995

2,687

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

Jan

2,173

510

1,991

1,207

4,164

1,717

Feb

2,559

2,650

2,135

956

4,694

3,606

Mar

2,777

1,342

2,205

1,615

4,982

2,957

Apr

1,603

3,697

2,786

1,836

4,389

5,533

May

1,460

903

2,948

1,167

4,408

2,070

Jun

803

2,136

1,968

2,522

2,771

4,658

Jul

893

2,305

2,728

1,043

3,621

3,348

Aug

782

1,164

1,637

1,369

2,419

2,533

Sep

884

1,142

1,690

837

2,574

1,979

Oct

1,127

1,771

1,831

1,464

2,958

3,235

Nov

640

1,573

2,386

1,911

3,026

3,484

Dec

740

2,459

1,550

2,536

2,290

4,995

Table 4: Registered New Homes 1 by Regional District, December 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

Alberni-Clayoquot

0.5%

0.2%

Bulkley-Nechako

0.3%

0.0%

Capital

6.5%

607

26.5%

632

23.7%

Cariboo

1.0%

0.0%

0.1%

Central Coast

0.0%

Central Kootenay

0.0%

Central Okanagan

2.9%

240

10.5%

251

9.4%

Columbia-Shuswap

4.2%

3.2%

3.3%

Comox Valley

1.8%

1.0%

1.1%

Cowichan Valley

2.9%

0.1%

0.5%

East Kootenay

2.9%

0.0%

0.4%

Fraser Valley

6.0%

208

9.1%

231

8.6%

Fraser-Fort George

0.8%

0.2%

0.3%

Kitimat-Stikine

0.8%

0.1%

0.2%

Kootenay-Boundary

0.5%

0.0%

0.1%

Metro Vancouver

209

54.7%

1,013

44.2%

1,222

45.7%

Mount Waddington

0.0%

Nanaimo

3.4%

0.2%

0.6%

North Okanagan

1.0%

0.1%

0.2%

Northern Rockies

0.0%

Okanagan-Similkameen

1.6%

0.7%

0.8%

Peace River

0.3%

0.0%

qathet

1.8%

1.3%

1.4%

Skeena-Queen Charlotte

0.0%

1.7%

1.4%

Squamish-Lillooet

1.6%

0.9%

1.0%

Stikine

0.0%

Strathcona

2.4%

0.1%

0.4%

Sunshine Coast

0.8%

0.0%

0.1%

Thompson-Nicola

1.3%

0.1%

0.3%

Total

382

100.0%

2,290

100.0%

2,672

100.0%

Background and Methodology

End Notes

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.

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.

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