BC Rental Project - Sign our petition for more rental options in BC

BC’s needed rental
unit deficit:112,735 units

  • New Rental Units Promised
    by the BC Government in 2017
    114,000
  • New Rental
    Units Built
    1,265
  • New rental Units
    Under Construction
    5,878
  • Planned Rental Units
    at Risk
    12,631

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.

Sign our petition for more rental options
in British Columbia

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Illustration Average Greater Vancouver vacancy rate of rental

Average Greater Vancouver vacancy rate of rental apartments in 2018

1.0%
Illustration Average age of purpose-built rental

Average age, and getting older, of purpose-built rental apartments

60
Illustration Total number of rental apartment buildings

Total number of rental apartment buildings in Greater Vancouver

3,250

Rental Rates have increased significantly in the last five years

Rental data chart for desktop Rental data chart for mobile
  • Vacancy Rates
  • % Change in rents
Illustration Info City

There are only 3,100 rental apartment buildings in Metro Vancouver, of which 1300 are in municipalities other than the City of Vancouver.

Not enough rental being built

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
Source: Goodman Report
Illustration Info Monthly Rent

*Average rate of monthly rent for one bedrooms in Greater Vancouver for 2018

$1,307
  • *as per The Goodman Report