From 2007-2016 the average number of new purpose built rental units across BC was ~2,500 per year.
In 2025 it was 26,000! 🎉
Asking rents are going down ⬇️
Vacancy rates are going up, creating more choice for renters ⬆️
We’re delivering #HomesForPeople, in communities they love. ❤️ #BCPoli
Christine Boyle
Across BC, renters are starting to see real relief:
• Asking rents are down 12.5% from 2023
• Vacancy rates are rising
• More options for renters, including ability to negotiate their rent
• 26,000+ purpose-built rentals registered in 2025
Progress is underway, with more to do.
