Vancouver housing starts saw a massive 60% year-over-year surge in February 2026. While the 5-year trend shows a cooling from the 2023 peak, the "missing middle" and apartment sectors are driving a significant supply rebound. Dive into the February data and what it means for the softening Lower Mainland market.

Vancouver housing starts just surged 33% year-over-year. In a market where sales are down 29% and inventory is up 38%, this new supply is a game-changer. Here’s the breakdown of what this means for the softening market.

Metro Vancouver's Housing Starts, December 2025

Metro Vancouver's Housing Starts for October 2025

Metro Vancouver's Housing Starts, September 2025