---
title: "Metro Vancouver rental apartments leasing quickly as condo sales slow"
description: "New market data shows 59.5 per cent of purpose-built rental units released in Metro Vancouver are already leased, with Vancouver leading the region with 23 actively leasing buildings."
canonical_url: "https://voche.me/news/metro-vancouver-rental-leasing-october-30"
last_updated: "2026-10-30T21:56:38.207Z"
---

Purpose-built rental apartments in Metro Vancouver are leasing at a pace that data firm Zonda Home calls healthy, even as the region's condo market sits with thousands of unsold units. The Vancouver Sun reported on October 30, 2026, that 59.5 per cent of released, purpose-built rental units in Metro Vancouver were leased as of last week.

Vancouver leads the region. The Vancouver Sun, citing Zonda Home data, reported that 23 purpose-built projects in Vancouver are actively leasing 3,336 units. That is the highest count among municipalities in Metro Vancouver, according to the same data.

Across Metro Vancouver and the Fraser Valley, 49 buildings are actively leasing, with 900 units taken each month. There are 2,634 released and available rental units on the market, which the data firm puts at 2.9 months of supply at that pace.

The contrast with the condo market is direct. The Vancouver Sun reported that the leasing pace stands in sharp contrast to the condo market, where completed strata units are sitting empty and unsold. The article describes it as a "glut" of unsold strata units, while rental buildings continue to fill.

**What the numbers mean for renters**

A leasing pace of 900 units per month means rental buildings are filling up. The data shows 2,634 units released and available across the region today. For a person looking for a rental apartment in Vancouver, 23 actively leasing buildings with 3,336 units represent the current pool.

**Rental housing and the new council**

Vancouver's incoming city council, led by mayor-elect Pete Fry, has made renter protections and new rental supply a stated priority heading into its first term. A Globe and Mail report published today said incoming COPE and Green councillors plan to triple the empty homes tax, create a landlord registry, and restore the Renters Office as early priorities.

How fast rental supply is absorbed will be one measure the new council watches as it decides whether to push for more rental buildings or for other housing programs.

A resident looking for a rental apartment in Vancouver can see information about housing programs and subsidies at the City of Vancouver's housing page at vancouver.ca. Renters who want to follow the incoming council's housing work can check the promise tracker at [/tracker](/tracker) once councillors take office in November.

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