In BC, our vacancy rate is dangerously low – something that has become a chronic condition. We are calling on the BC Provincial Government to act now in providing more rental options.
There are only 3,100 rental apartment buildings in Metro Vancouver, of which 1300 are in municipalities other than the City of Vancouver.
Proposed Units (buildings) | Approved Units (buildings) | Under Construction Units (buildings) | Completed Units (buildings) | Cancelled Units (buildings) | |
---|---|---|---|---|---|
Suburbs | 6,035 (45) | 1,098 (13) | 2,847 (20) | 528 (3) | 0 (0) |
Vancouver | 1,703 (32) | 2,582 (37) | 3,031 (30) | 737 (8) | 703 (2) |
Total | 7,738 (77) | 3,680 (50) | 5,878 (50) | 1,265 (11) | 703 (2) |
Projected occupancy 2020-2022 |
Projected occupancy 2019-2021 |
Projected occupancy 2018-2020 |
Occupancy 2018 |