New data released by BC Housing shows a record number of purpose-built rental homes will help increase needed rental stock in British Columbia.
The 2022 New Homes Registry Report shows that 14,546 purpose-built rental homes were registered in B.C. in 2022, the highest yearly total reached since BC Housing started collecting this data in 2002. For context, in 2012, BC Housing recorded fewer than 2,000 new rental units registered.
“Our government is responding to the housing crisis by establishing the conditions needed to create a record number of purpose-built rentals started in 2022,” said Ravi Kahlon, Minister of Housing. “In addition to these successful efforts to add much-needed rental homes, 2022 was another banner year for housing registrations overall. Together with the federal government, non-profits and the private sector, we recorded the second-highest number of new home registrations on record, adding crucial housing stock for individuals, families and seniors in B.C., including those moving to B.C.”
In total, 51,407 new homes were registered in B.C. in 2022. These include 9,037 single detached homes and 42,370 multi-unit homes. This total is slightly lower than 2021, which was the highest year on record.
Registered new homes data is collected at the beginning of a project, before building permits are issued, making it a leading indicator of housing activity in B.C.
Listen to our Broadcast
Please Visit Our Sponsors
What if you could achieve that holistic success – thriving business 👩🏻💻, a happy family, an energized body – without losing your sanity? Click Here
At “Living well with Geeta” I work with women experiencing hormonal imbalances and gut issues with an approach to identify the root cause of the specific conditions. Click here for a free look at your health and diet.
Is your website in compliance with Google’s best practices? Have you taken a detailed look at your website on mobile? Click here for an evaluation of your website.
Reset Your Vibe Coach & Spiritual Intuitive CRYSTALLIZE YOUR VISION
You’re Ready To Grow Your Business You Need To Increase Internal Capacity You Want To Train Your Team
Discover If Your Face Matches Your Message
