Housing Choices

HOUSING CHOICES context measure

Two ways of measuring the composition of housing development are by housing type and house tenure. Housing types include ground-oriented dwellings (houses, townhouse), apartments, and row houses. Housing tenure means whether the dwelling unit is owned (freehold or condominium) or rented. Having a diversity of housing by type and tenure ensures residents have access to housing suitable and desirable to their life stage and income.

Metro 2040 vision

New housing built is diverse in tenure

observing

In 2011, 65% of private, occupied dwellings were owner-occupied (582,400 units) and 35% were renter-occupied (307,200 units).

New Dwelling Unit Completions by Tenure

Purpose Built Rental Apartment Rents

Metro 2040 vision

New housing built is diverse in type

observing

In 2014-15, 63% of housing growth was apartments, 21% was ground-oriented (including single family houses and duplexes), and 16% was row houses.

New Dwelling Unit Completions by Type

Housing Price Index

Greater Vancouver Real Estate Board (GVREB) Area includes Vancouver, North Vancouver, West Vancouver, Burnaby, New Westminster, Richmond, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge and Pitt Meadows. Fraser Valley Real Estate Board (FVREB) Area includes Surrey, White Rock, Langley, Delta, Abbosford, and Mission.