Housing completions track the number and types of newly built units, providing the most reliable measure of new supply across the region. Housing completions also reflect economic patterns and the cyclical nature of the housing market.
The Canada Mortgage and Housing Corporation (CMHC) Starts and Completions Survey provides the number of housing completions in each jurisdiction on a monthly or quarterly basis.
Housing completions by structure type
The composition of Metro Vancouver's newly built housing stock has continued to evolve over the past decade. Multi-unit developments (i.e., apartments, secondary suites, semi-detached, and row houses) account for an increasing proportion of total housing completions. As both the population and the demand for housing continue to grow, the region must make more efficient use of its limited land base to meet this demand. Higher density developments are one way to achieve this efficiency.