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Construction Market Intelligence
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Vancouver construction market

What residential construction currently looks like in Vancouver: activity relative to population, the building pipeline, nominal and real growth, and market mix — measured against 15 other Canadian markets.

Trailing 12 months ending June 2026 British Columbia · census metropolitan area · population 3,088,036 (2025)

  • Apartment-heavy
  • Moderate construction intensity

Key metrics

Housing starts per 1,000 residents
8.72
26,935 starts in 12 months
8th of 16
Housing completions per 1,000 residents
9.54
29,467 completions
4th of 16
Units under construction per 1,000 residents
19.40
59,896 units at period end
3rd of 16
Pending starts per 1,000 residents
11.36
35,069 units · secondary indicator
1st of 16
Residential permit value growth (constant dollars)
−7.5%
Nominal −5.8%
9th of 16
Residential construction price growth
+1.7%
Year over year
12th of 14
Renovation share of residential investment
28.5%
of residential investment
14th of 16
Apartment share of housing starts
78.6%
of housing starts
6th of 16

Current observations

  • Vancouver recorded 26,935 housing starts over the trailing 12 months ending June 2026 — 8.72 per 1,000 residents, 8th of 16 tracked markets (median 8.33).
  • 19.40 units per 1,000 residents were under construction at period end (3rd of 16 tracked markets), 2.0 times the 9.54 per 1,000 completed over the past 12 months.
  • Residential permit value fell 5.8% nominally and approximately 7.5% after adjusting for construction prices.
  • Renovation accounts for 28.5% of residential investment (14th of 16 tracked markets by renovation share). Apartments were 78.6% of housing starts and single-detached homes 7.9%.
  • Residential construction prices changed +1.7% year over year (12th of 14 tracked markets by price growth).
  • Pending starts — permits issued but not yet started — stood at 11.36 per 1,000 residents (1st of 16 tracked markets). This is a secondary indicator of the current backlog, not a forecast.

Generated from the published values on this page using fixed rules. They describe current measured conditions and are not forecasts.

Historical context

Monthly, as trailing 12-month totals (except units under construction, a month-end stock), 2019 to June 2026.

Housing starts by dwelling type

Trailing 12-month starts. Multi-unit = semi-detached, row and apartment.

  • Single-detached
  • Multi-unit
Housing starts by dwelling type, Jan 2019 to Jun 2026. Latest: Single-detached 2,119; Multi-unit 24,816. Full values in the table below the chart.010,00020,00030,00040,00020192020202120222023202420252026
Show all monthly values as a table
Housing starts by dwelling type
Period endingSingle-detachedMulti-unit
January 20194,36418,508
February 20194,29918,952
March 20194,23618,076
April 20194,18219,033
May 20194,11020,433
June 20194,01922,546
July 20193,95323,153
August 20193,84822,846
September 20193,76123,817
October 20193,76923,645
November 20193,59324,282
December 20193,42624,715
January 20203,38523,713
February 20203,38723,342
March 20203,34323,406
April 20203,27921,883
May 20203,18620,480
June 20203,17719,005
July 20203,14718,416
August 20203,13319,268
September 20203,07419,017
October 20203,03219,014
November 20203,05219,444
December 20203,08519,286
January 20213,13719,604
February 20213,13320,195
March 20213,17522,138
April 20213,18422,467
May 20213,20122,914
June 20213,15824,743
July 20213,10024,797
August 20213,04124,239
September 20213,07323,605
October 20213,07224,106
November 20213,03422,947
December 20213,01522,998
January 20222,96823,431
February 20223,00922,538
March 20223,00919,990
April 20223,05120,941
May 20223,06820,410
June 20223,08519,344
July 20223,10419,226
August 20223,08119,305
September 20223,21120,673
October 20223,25821,031
November 20223,35821,685
December 20223,39222,591
January 20233,40223,412
February 20233,36623,574
March 20233,29825,495
April 20233,25527,089
May 20233,27127,297
June 20233,32528,406
July 20233,26029,457
August 20233,32330,059
September 20233,15529,688
October 20233,06330,505
November 20232,93430,073
December 20232,83230,412
January 20242,77929,317
February 20242,71030,603
March 20242,63431,119
April 20242,53729,962
May 20242,42829,774
June 20242,37827,686
July 20242,35427,264
August 20242,25326,467
September 20242,21126,319
October 20242,16925,998
November 20242,17426,910
December 20242,17625,936
January 20252,19626,460
February 20252,18125,171
March 20252,19923,120
April 20252,17523,316
May 20252,17323,120
June 20252,06324,542
July 20252,07025,127
August 20252,08725,910
September 20252,09325,889
October 20252,16224,907
November 20252,13524,639
December 20252,13825,047
January 20262,14325,784
February 20262,15326,611
March 20262,17826,879
April 20262,13225,998
May 20262,14225,864
June 20262,11924,816

Under construction and completions

Units under construction (month-end) and trailing 12-month completions.

  • Under construction
  • Completions (12 mo)
Under construction and completions, Jan 2019 to Jun 2026. Latest: Under construction 59,896; Completions (12 mo) 29,467. Full values in the table below the chart.020,00040,00060,00080,00020192020202120222023202420252026
Show all monthly values as a table
Under construction and completions
Period endingUnder constructionCompletions (12 mo)
January 201940,52324,178
February 201941,45322,753
March 201941,71722,677
April 201941,88123,893
May 201943,96423,510
June 201944,78924,135
July 201945,67523,930
August 201945,73424,124
September 201944,86324,128
October 201945,05222,767
November 201946,24721,732
December 201946,06522,603
January 202044,85322,719
February 202044,59923,554
March 202044,40924,030
April 202043,11723,899
May 202043,10824,495
June 202043,32123,625
July 202043,37723,822
August 202043,82524,262
September 202043,74623,160
October 202043,22223,847
November 202044,03424,679
December 202044,37224,039
January 202144,21323,356
February 202145,46422,435
March 202147,23222,423
April 202146,66022,047
May 202147,96121,200
June 202148,61622,489
July 202148,28822,887
August 202147,17023,839
September 202145,72424,609
October 202146,40023,908
November 202145,13424,775
December 202145,04225,229
January 202245,70524,815
February 202245,40025,521
March 202243,75626,423
April 202244,67225,921
May 202243,01128,368
June 202244,45926,528
July 202244,52226,007
August 202245,54023,869
September 202246,42722,955
October 202247,54622,806
November 202247,71922,085
December 202249,22121,440
January 202349,79822,331
February 202350,18521,758
March 202351,15320,994
April 202353,82220,794
May 202354,90118,279
June 202356,81919,021
July 202358,68018,240
August 202357,96520,688
September 202358,57220,437
October 202360,02720,946
November 202359,55521,090
December 202361,43720,797
January 202461,65020,013
February 202462,02221,220
March 202463,66920,907
April 202464,53921,453
May 202465,38721,387
June 202464,81721,687
July 202465,37122,554
August 202465,14621,172
September 202464,60222,198
October 202464,90022,968
November 202465,62422,674
December 202463,75125,614
January 202564,37125,752
February 202563,62225,595
March 202562,84126,064
April 202563,85826,087
May 202563,07827,651
June 202562,56428,816
July 202563,76628,756
August 202564,47228,797
September 202563,10229,610
October 202561,57730,539
November 202560,93431,603
December 202560,20930,855
January 202661,61330,815
February 202662,47129,826
March 202662,13029,797
April 202661,94530,075
May 202660,05930,743
June 202659,89629,467

Residential permit value: nominal and constant dollars

Trailing 12-month value, $ millions. Constant dollars are Statistics Canada’s price-adjusted series.

  • Nominal
  • Constant dollars
Residential permit value: nominal and constant dollars, Jan 2019 to Jun 2026. Latest: Nominal $9,499M; Constant dollars $8,738M. Full values in the table below the chart.$0M$5,000M$10,000M$15,000M20192020202120222023202420252026
Show all monthly values as a table
Residential permit value: nominal and constant dollars
Period endingNominalConstant dollars
January 2019$8,537M$12,426M
February 2019$8,306M$12,034M
March 2019$8,090M$11,670M
April 2019$8,878M$12,717M
May 2019$8,569M$12,225M
June 2019$8,371M$11,895M
July 2019$8,284M$11,726M
August 2019$8,378M$11,788M
September 2019$8,328M$11,687M
October 2019$8,217M$11,491M
November 2019$7,976M$11,131M
December 2019$7,903M$10,983M
January 2020$8,560M$11,851M
February 2020$8,362M$11,560M
March 2020$8,115M$11,208M
April 2020$7,241M$9,981M
May 2020$7,497M$10,310M
June 2020$8,266M$11,332M
July 2020$8,114M$11,104M
August 2020$7,391M$10,089M
September 2020$7,384M$10,060M
October 2020$7,181M$9,763M
November 2020$7,255M$9,848M
December 2020$7,100M$9,607M
January 2021$6,245M$8,420M
February 2021$6,438M$8,649M
March 2021$7,154M$9,555M
April 2021$7,090M$9,435M
May 2021$6,677M$8,842M
June 2021$5,781M$7,576M
July 2021$6,009M$7,804M
August 2021$6,178M$7,962M
September 2021$6,379M$8,155M
October 2021$6,427M$8,162M
November 2021$7,149M$8,966M
December 2021$7,407M$9,163M
January 2022$7,291M$8,962M
February 2022$7,495M$9,106M
March 2022$7,738M$9,216M
April 2022$8,093M$9,542M
May 2022$8,764M$10,221M
June 2022$9,513M$10,956M
July 2022$9,813M$11,170M
August 2022$10,112M$11,398M
September 2022$10,247M$11,447M
October 2022$10,542M$11,700M
November 2022$10,517M$11,536M
December 2022$10,624M$11,539M
January 2023$10,734M$11,622M
February 2023$10,378M$11,181M
March 2023$10,448M$11,143M
April 2023$10,483M$11,113M
May 2023$10,340M$10,885M
June 2023$11,103M$11,560M
July 2023$10,695M$11,076M
August 2023$10,284M$10,599M
September 2023$10,710M$10,968M
October 2023$10,520M$10,727M
November 2023$9,946M$10,086M
December 2023$9,428M$9,501M
January 2024$9,429M$9,473M
February 2024$9,744M$9,754M
March 2024$9,614M$9,554M
April 2024$11,163M$10,994M
May 2024$10,741M$10,540M
June 2024$9,101M$8,863M
July 2024$9,378M$9,090M
August 2024$9,389M$9,074M
September 2024$8,826M$8,481M
October 2024$8,986M$8,607M
November 2024$8,737M$8,355M
December 2024$9,482M$9,041M
January 2025$9,764M$9,292M
February 2025$9,611M$9,128M
March 2025$11,214M$10,590M
April 2025$9,376M$8,811M
May 2025$9,930M$9,313M
June 2025$10,086M$9,448M
July 2025$9,843M$9,203M
August 2025$9,970M$9,307M
September 2025$10,282M$9,581M
October 2025$10,022M$9,327M
November 2025$10,312M$9,590M
December 2025$10,009M$9,288M
January 2026$9,748M$9,035M
February 2026$9,841M$9,112M
March 2026$9,859M$9,086M
April 2026$9,834M$9,057M
May 2026$9,576M$8,811M
June 2026$9,499M$8,738M

Market mix

Housing starts by dwelling type, 12 months

Housing starts by dwelling type in Vancouver
Dwelling typeStartsShare
Single-detached2,1197.9%
Semi-detached1,7366.4%
Row1,9037.1%
Apartment and other21,17778.6%

Rental-intended starts: 42.4% of all starts.

Renovation vs. new construction

Renovation 28.5% New construction 71.5%

Share of residential building investment. Alterations are 4.9% of residential permit value (a separate source).

Growth: nominal and constant dollars

Nominal and constant-dollar growth, trailing 12 months ending June 2026 versus the prior 12 months
SeriesNominalConstant $
All residential permits−5.8%−7.5%
Single-dwelling buildings−10.9%−12.3%
Multiple-dwelling buildings−5.4%−7.1%
Residential building investment+10.6%+8.6%

Nominal growth includes construction-price change; constant-dollar growth is Statistics Canada’s price-adjusted series. They are shown side by side rather than subtracted.

All published metrics

All published construction metrics for Vancouver, trailing 12 months ending June 2026
MetricVancouverDefinition
Population3,088,036July 1 population estimate for the census metropolitan area.
Housing starts, trailing 12 months26,935Dwelling units started over the trailing 12 months (CMHC Starts and Completions Survey).
Housing starts per 1,000 residents8.72Housing starts (all dwelling types) over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Housing starts, change vs prior 12 months+1.2%Change in trailing-12-month housing starts compared with the 12 months before.
Housing completions, trailing 12 months29,467Dwelling units completed over the trailing 12 months.
Housing completions per 1,000 residents9.54Dwelling units completed over the trailing 12 months divided by the CMA population estimate, per 1,000 residents.
Completions, change vs prior 12 months+2.3%Change in trailing-12-month completions compared with the 12 months before.
Units under construction59,896Dwelling units under construction at the end of the reference period.
Units under construction per 1,000 residents19.40Dwelling units under construction at the end of the reference period (a stock, not a 12-month flow) per 1,000 residents.
Under construction, change vs a year earlier−4.3%Change in units under construction compared with the same month a year earlier.
Pending starts35,069Units with a building permit issued but not yet started, at the end of the reference period.
Pending starts per 1,000 residents11.36Units with a building permit issued but not yet started, at the end of the reference period, per 1,000 residents. A secondary indicator of the current pipeline, not a forecast of starts.
Pending starts, change vs a year earlier−5.5%Change in pending starts compared with the same month a year earlier.
Dwelling units authorized per 1,000 residents8.78Dwelling units created by building permits issued over the trailing 12 months, per 1,000 residents.
Authorized units, change vs prior 12 months−7.5%Change in dwelling units authorized by building permits compared with the prior 12 months.
Residential permit value, trailing 12 months$9.50BValue of residential building permits, current dollars.
Residential permit value growth (nominal)−5.8%Change in the value of residential building permits over the trailing 12 months versus the prior 12 months, in current dollars.
Residential permit value growth (constant dollars)−7.5%The same change measured with Statistics Canada’s constant-dollar permit values, which remove construction-price change.
Residential investment growth (nominal)+10.6%Change in residential building investment over the trailing 12 months versus the prior 12 months, current dollars.
Residential investment growth (constant dollars)+8.6%The same change measured in Statistics Canada’s constant-dollar investment series.
Residential construction price index (2023 = 100)108.9Average of the four latest quarterly index values, 2023 = 100. Each market is indexed to its own 2023 prices, so index levels show price change within a market and cannot be compared across markets.
Residential construction price growth+1.7%Change in the residential building construction price index (average of the four latest quarters versus the four before). Not published for every CMA.
Renovation share of residential investment28.5%Renovation spending as a share of total residential building investment over the trailing 12 months.
Alterations share of residential permit value4.9%Permit value for alterations and improvements as a share of all residential permit value — an independent view of renovation activity.
Apartment share of housing starts78.6%Apartment and other unit types as a share of all housing starts over the trailing 12 months.
Single-detached share of housing starts7.9%Single-detached units as a share of all housing starts over the trailing 12 months.
Rental share of housing starts42.4%Starts intended for the rental market as a share of all starts over the trailing 12 months.

Compare Vancouver

Where Vancouver ranks

Sources and data period

Figures cover the trailing 12 months ending June 2026, the latest period published for all 16 markets. Source data retrieved through September 12, 2026. This page was built on November 8, 2026; the build date is not the data period. Values not published by the source are shown as “Not published”, never estimated.

Methodology, definitions and limitations

Dataset generated September 13, 2026.

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    Construction Market Intelligence

    An independent publication built from official Statistics Canada and CMHC data. Current data: trailing 12 months ending June 2026.

    Contains information licensed under the Open Government Licence – Canada. Not affiliated with or endorsed by Statistics Canada or CMHC.