New Home Registry Report in Around Town

March 24, 2022

Your Weekly Construction Briefing

According to the BC Housing New Home Registry statistics for Alberni-Clayoquot to North Island and Powell River, the number of newly registered homes (sf) and multi-units (mu) increased between 2020 and 2021, but is still down from 2019.  In 2021 there were 1473 homes/units built compared to 1285 in 2020 and 1584 in 2019.

BC Housing has released it’s February New Homes Registry Report.

Data from the first two months of 2022 show home registrations are up by 2.5% from 2021, with a total of 9,107 new homes. Multi-family homes make up the majority of that increase, with 7,400 new multi-family units for a 5.5% increase, while single detached homes decreased 8.8% with a total of 1,707 new units. 

In February, Campbell River was one of several communities that saw more new multi-unit homes than single detached homes. Most multi-family units are duplexes or buildings of 5 to 50 units. An increase in rental stock is contributing to the increase in multi-family units. So far in 2022, 2,973 new purpose-built rental units have been registered. When compared with the same period in 2021, this is a 104.5% increase.

Alberni-Clayoquot183sf, 85mu104sf, 2mu118sf, 170mu
Comox Valley330sf, 306mu300f, 541mu282sf, 426mu
Strathcona130sf, 315mu119sf, 78mu136sf, 290mu
Mt Waddington9sf, 0mu4sf, 0mu12sf, 0mu
Powell River55sf, 60mu72sf, 65mu64sf, 86mu
Source: British Columbia’s Monthly New Homes Registry Report. Registered new homes data are a leading indicator of housing and economic activity in British Columbia.

For more New Homes Data visit the BC Housing website.

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