Purpose-built rental pipeline grows sharply in Vancouver, says report

Vancouver’s purpose-built rental pipeline has expanded rapidly, with nearly 20,000 units under construction—far surpassing the previous decade’s total completions. While this surge has eased vacancy rates in the short term, experts warn of a looming supply gap as rising costs and slowing housing starts threaten future development. As the market transitions between cycles, private investors are becoming more active, and rental supply dynamics are expected to shift again in the coming years.