Vancouver adds 4,850 new homes in 2025 and continues to lead region in rentals

Vancouver completed 4,850 net new homes this year, 86% rentals, marking a 17% increase from last year and achieving 90% of its housing target. With 9,000 units built in two years and 15,100 under construction, the city expects to exceed the 2028 target of 28,900 units. Efforts include streamlined multiplex reviews, digital permitting, fee deferrals, and rezonings to boost housing starts and rental availability.