Housing starts in the region reflect economic patterns and the cyclical nature of the housing market — providing an indication of the housing supply that will become available soon. Housing is considered "started" once construction work on a building has begun, which is typically when concrete has been poured for the entire footing around the structure, or an equivalent stage where a basement will not be part of the structure.
Housing starts by structure type
The composition of the housing stock in Metro Vancouver has evolved over the past decade, with multi-unit developments (i.e., apartments, secondary suites, semi-detached, and row houses) now accounting for an increasing proportion of total housing starts. As population and housing demand continue to grow, a more efficient use of the region's limited land base is essential. Higher density developments are one way to achieve this efficiency.