Multi-family Occupancy Update - Q4 2018

Data highlights
  • An estimated 18,895 new multi-family houses are expected to be completed and available for occupancy across Greater Vancouver by the end of 2018, with 91% of these units having already been sold.
  • Surrey/Delta/White Rock would account for 3,604 of these, though only 82% have already been sold.
  • Looking ahead, we expect that 15,288 homes will be available for occupancy regionally in 2019, with 95% of these already sold. 

What this means for you
Opportunities still exist for purchasers looking for newly-constructed multi-family homes that will be ready for occupancy in the near-term, though the supply of almost-completed homes that remain unsold is shrinking.


Each quarter, rennie intelligence provides a Multi-family Occupancy Update based on the latest data sourced from Urban Analytics' NHS Live database. As part of this update, the number of homes associated with actively-selling, sold-out, and contemplated multi-family projects are presented, by sub-market, and by their estimated year of first occupancy. These dates of first occupancy reflect both direct estimates provided by NHS Live and derived estimates generated by rennie.

Our rennie intelligence division empowers individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

Get the data

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.

A recent survey of Metro Vancouver residents shows continued engagement in the housing market andan expectation of rising home values, despite deepening concerns about personal finances.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together,…


Sales activity in the Vancouver Region continued to slow in May, leading to a continued expansion of inventory. And for the first time since May 2020, conditions in the region’s detached home market are balanced.SalesTotal MLS sales in the Vancouver Region in May were 4,249, which was down by 12% v…


Here are the latest Benchmark Price Infographics for the areas of the Vancouver Region.Greater Vancouver Board AreaBurnaby EastBurnaby NorthBurnaby SouthCoquitlamNorth VancouverRichmondVancouver EastVancouver WestWest VancouverNew WestminsterSquamishTsawwassenPort CoquitlamPort MoodyFraser Valley B…