February 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.
Figure 1: Registered New Homes 1 by Building Type, 2002 – 2025 Year-to-Date
General Highlights
60,000
• In the first two months of 2025, 9,959 new homes were registered 1 in B.C., including 1,088 single detached 2 and 8,871 multi-unit homes 3 . • So far in 2025, total home registrations 1 are up 59.2% from 2024. Registrations for multi-unit homes 3 increased 66.2%, while registrations for single detached homes 2 increased 18.5%. • In February, 5,262 new homes were registered 2 in B.C., a 28.2% increase compared with February 2024. • Using a 12-month moving average 4 , there were 4,152 new registered homes 1 in February, a 2.4% increase from January for all registered new homes. • Metro Vancouver accounted for 77.3% of all new homes registered 1 in February. Vancouver (1,293), Surrey (1,237) and Coquitlam (647) were the top three cities in registered new homes this month. • In February, there were more multi-unit homes than single detached homes in Powell River, Port Coquitlam, Coquitlam, North Vancouver*, Abbotsford, Surrey, Vancouver, Chilliwack, Port Hardy, Squamish, Salmon Arm, Campbell River, Coldstream, Cranbrook, Delta*, Burnaby, Victoria, Sparwood, Oliver, Ladysmith, Kamloops, Penticton, Langford, Revelstoke and Fernie. • So far in 2025, 4,099 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 89.4%.
50,000
40,000
30,000
20,000
10,000
0
Single Detached Homes
Homes in Multi-unit Buildings
Total
Figure 2: Registered New Homes 1 by Building Type and Selected City 6 , February 2025
Vancouver
1,220
73
Surrey
1,182
55
Coquitlam
641
6
Port Coquitlam
311
1
Abbotsford
300
11
North Vancouver
224
7
Delta
184
28
Homes in Multi-unit Buildings
Victoria
107
23
Single Detached Homes
Campbell River
74
10
Salmon Arm
73
9
0
200
400
600
800
1,000 1,200 1,400
*North Vancouver includes the City of North Vancouver and District of North Vancouver. Delta includes City of Delta and Tsawwassen First Nation Lands.
Figure 3: Registered New Homes 1 by Regional District 7 , February 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
42 7.3%
47 1.0%
East Kootenay
28 4.9%
371 7.9%
Fraser Valley
29 5.1%
80 1.7%
Columbia-Shuswap
227 39.6%
3,843 82.0%
Metro Vancouver
51 8.9%
150 3.2%
Capital
2
Single Detached Highlights • In the first two months of 2025, 1,088 new single detached homes were registered 2 in B.C. Compared with the same period in 2024, single detached registrations increased 18.5%. • In February, 573 single detached homes were registered 3 . Compared with February 2024, the number of single detached registrations increased 17.2%. • Using a 12-month moving average 4 , there were 498 new single detached registered homes 2 in February, trending at a 1.4% increase from January. • Using a 36-month moving average 4 , there were 555 new single detached registered homes 2 in February, which is a 1.1% decrease from January. • Vancouver (73), Surrey (55) and Delta* (28) had the largest number of single detached homes registered 2 in February.
Figure 4: Registered Single Detached Homes 2 , February 2025
1,200
1,000
800
600
400
200
0
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 Year-to-Date
5,000
4,000
3,000
2,000
126
1,000
101
0
Figure 6: Registered Single Detached Homes 2 by Selected City 9 in Metro Vancouver, 2024-2025 Year-to-Date
93
Vancouver
167
60
Surrey
123
47
Burnaby
39
39
Langley
28
20
Delta
63
18
2024 YTD 2025 YTD
North Vancouver
12
17
Richmond
19
13
Coquitlam
11
10 10
West Vancouver
7
Maple Ridge
13
0
20
40
60
80
100
120
140
160
180
Figure 7: Registered Single Detached Homes 2 in Metro Vancouver, 2002 – 2025 Year-to-Date
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
3
Enrolled Multi-unit Highlights • In the first two months of 2025, 4,772 new multi-unit homes were enrolled 10 in B.C. Compared with the same period in 2024, multi-unit enrollments increased 50.3%. • In February, 2,581 multi-unit homes were enrolled 10 . Compared with February 2024, the number of multi-unit enrollments decreased 3.0%. • Using a 12-month moving average 4 , there were 1,955 new multi-unit enrolled homes 10 in February, trending at a 0.3% decrease from January. • Using a 36-month moving average 4 , there were 1,924 new multi-unit enrolled homes 10 in February, which is effectively unchanged from January with a 0.2% decrease. • There were 233 new multi-unit buildings enrolled 10 in February. Most of these were duplexes (58.8%), quadplexes (14.6%) and buildings of 5 to 50 units (14.6%). The largest building of 396 units was proposed to be built in Surrey. • In February, Surrey (1,135), Coquitlam (437) and Port Coquitlam (311) had the largest number of multi-unit enrolled homes 10 in B.C.
Figure 8: Enrolled Homes in Multi-unit Buildings 10 , February 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 , February 2025
160
137
140
120
100
80
60
34
34
40
16
20
6
6
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 , February 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
Purpose-built Rental Highlights • In the first two months of 2025, 4,099 purpose-built rental units 5 were registered in B.C. Compared with the same period in 2024, the number of registered rental units increased 89.4%. • So far in 2025, rental units 5 represented 46.2% of all multi-unit registrations. • This month 2,108 rental units were registered 12 . Compared with February 2024, the number of rental units registered increased 120.3%. • Using a 12-month moving average 4 , there were 1,700 rental units registered 5 in February, trending at a 6.0% increase from January. • Using a 36-month moving average 4 , there were 1,482 rental units registered 5 in February, which is a 1.7% increase from January. • There were 27 rental buildings registered 5 in February. Most of these were buildings of 5 to 50 units (37.0%) and buildings of over 100 units (33.3%). The largest building of 300 units was proposed to be built in Vancouver. • In February, Vancouver (1,073), North Vancouver* (220) and Coquitlam (204) had the largest number of rental units registered 5 in B.C.
Figure 11: Purpose-built Rental Units 5 , February 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 , February 2025
15
10
10
9
5
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 , February 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
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
9,179
3,268
12,075
2,178
2002
11,498
3,507
16,338
2,542
2003
11,746
3,666
19,732
2,654
2004
11,619
3,854
23,211
1,945
2005
10,837
4,124
23,393
1,488
2006
9,995
3,959
25,294
1,688
2007
7,848
3,373
14,924
801
2008
7,176
2,749
6,747
1,783
2009
8,432
3,199
13,949
1,716
2010
7,407
2,596
14,498
1,371
2011
6,912
2,445
16,279
1,948
2012
6,536
2,067
15,803
2,951
2013
8,886
2,335
15,929
2,962
2014
8,848
2,549
17,899
4,736
2015
10,625
2,211
22,749
5,272
2016
11,013
1,136
20,419
9,305
2017
9,478
1,173
25,901
7,724
2018
7,482
960
21,910
13,259
2019
8,148
984
13,360
8,775
2020
10,401
1,085
27,045
13,134
2021
7,490
932
27,326
14,595
2022
5,526
692
19,571
19,168
2023
5,218
582
21,857
18,462
2024
817
101
3,174
2,164
2024 YTD
962
126
4,772
4,099
2025 YTD
6
Table 2: Registered New Homes 1 , 2024 to 2025 and 5-year Average, Monthly
Registered New Single Detached Homes 2
Registered New Homes in Multi-unit Buildings 3
Month
5-year Average 12
5-year Average 12
2025
2024
2025
2024
515
429
616
4,182
1,721
2,660
Jan
573
489
702
4,689
3,617
3,237
Feb
575
873
2,963
3,312
Mar
512
782
5,617
3,522
Apr
527
760
2,070
2,819
May
496
767
4,663
3,919
Jun
476
637
3,354
2,826
Jul
506
666
2,538
3,035
Aug
411
620
1,988
2,903
Sep
515
613
3,239
2,603
Oct
466
597
3,520
3,055
Nov
398
579
5,029
2,767
Dec
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
2,191
514
1,991
1,207
4,182
1,721
Jan
2,581
2,660
2,108
957
4,689
3,617
Feb
1,348
1,615
2,963
Mar
3,781
1,836
5,617
Apr
903
1,167
2,070
May
2,141
2,522
4,663
Jun
2,311
1,043
3,354
Jul
1,169
1,369
2,538
Aug
1,151
837
1,988
Sep
1,775
1,464
3,239
Oct
1,611
1,909
3,520
Nov
2,493
2,536
5,029
Dec
7
Table 4: Registered New Homes 1 by Regional District, February 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
5
0.9%
0
0.0%
5
0.1%
Alberni-Clayoquot
3
0.5%
0
0.0%
3
0.1%
Bulkley-Nechako
51
8.9%
150
3.2%
201
3.8%
Capital
6
1.0%
0
0.0%
6
0.1%
Cariboo
0
0.0%
0
0.0%
0
0.0%
Central Coast
12
2.1%
2
0.0%
14
0.3%
Central Kootenay
21
3.7%
10
0.2%
31
0.6%
Central Okanagan
29
5.1%
80
1.7%
109
2.1%
Columbia-Shuswap
17
3.0%
6
0.1%
23
0.4%
Comox Valley
20
3.5%
8
0.2%
28
0.5%
Cowichan Valley
42
7.3%
47
1.0%
89
1.7%
East Kootenay
28
4.9%
371
7.9%
399
7.6%
Fraser Valley
9
1.6%
2
0.0%
11
0.2%
Fraser-Fort George
1
0.2%
0
0.0%
1
0.0%
Kitimat-Stikine
4
0.7%
0
0.0%
4
0.1%
Kootenay-Boundary
227
39.6%
3,843
82.0%
4,070
77.3%
Metro Vancouver
1
0.2%
9
0.2%
10
0.2%
Mount Waddington
32
5.6%
8
0.2%
40
0.8%
Nanaimo
11
1.9%
23
0.5%
34
0.6%
North Okanagan
0
0.0%
0
0.0%
0
0.0%
Northern Rockies
16
2.8%
16
0.3%
32
0.6%
Okanagan-Similkameen
2
0.3%
0
0.0%
2
0.0%
Peace River
0
0.0%
5
0.1%
5
0.1%
qathet
0
0.0%
0
0.0%
0
0.0%
Skeena-Queen Charlotte
6
1.0%
11
0.2%
17
0.3%
Squamish-Lillooet
0
0.0%
0
0.0%
0
0.0%
Stikine
10
1.7%
74
1.6%
84
1.6%
Strathcona
6
1.0%
4
0.1%
10
0.2%
Sunshine Coast
14
2.4%
20
0.4%
34
0.6%
Thompson-Nicola
573
100.0%
4,689
100.0%
5,262
100.0%
Total
8
Background and Methodology
End Notes
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.
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.
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