Rental Supply and Demand

Rental Housing Demand and Supply key summary measure

The Regional Affordable Housing Strategy provides estimates for rental housing demand by income level. The intent of this measure is to track how that demand is being met through new supply. To meet demand, funding from other levels of government is required. The Housing Demand Estimates are not targets. These estimates are provided as reference to assist in long range planning and represent a mid‐range / average trend projection based on the existing rental households in each municipality.

Metro 2040 vision

Regional rental housing demand is met and affordable to households.

waiting for data

Supply estimates will be available following the release of the 2016 Census.

10-year Housing Demand Estimates by Income Level

10-year Housing Demand Estimates by Tenure

Notes about Housing Demand Estimates:

Increase in total households over 10 years is based on regional population and household projections. Regional total exceeds municipal aggregate totals due to municipal variance.

Very low income <$30,000/year, Low income <$30,000-50,000/year, Moderate income $50,000-75,000/year, Above moderate $75,000-$100,000/yr, High income $100,000/yr plus.

Household maintainer rates and cohort projection method using census/NHS based household maintainer rates and projected demographic, characteristics (age, births, deaths, immigration, Canadian migration, intra-regional migration). Assumes that household income and household type ratios remain constant over the projection period. See Metro Vancouver Regional Planning. Metro Vancouver Housing Demand Projections – Overview of Assumptions and Methodology. Dec 2015.

DWELLING UNITS

Estimated Metro Vancouver Demand (2016-2026)

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Regional Affordable Housing Strategy