Coquitlam Sees Biggest Rental Stock Increase in 20 Years as Metro Vancouver Vacancies Hit 30-Year High
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According to the Canada Mortgage and Housing Corporation’s (CMHC) annual rental market report released on December 11, 2025, Metro Vancouver's rental market has softened sharply, with vacancy rates climbing to their highest level in over three decades. Coquitlam stands out as a prime example of this trend, having recorded its largest increase in purpose-built rental stock in 20 years.
The report indicates that the overall vacancy rate across the metropolitan area has risen above pandemic-era highs, driven by a surge in new rental supply and a drop in demand linked to slower population growth. In Coquitlam, private apartment vacancy rates for studio units jumped from 0.6% in October 2024 to 5.5% a year later, while the number of rented units increased from 3,617 to 4,468.
Editor's Comment
As a seasoned real estate agent in Greater Vancouver, it's clear that the current market dynamics are shifting. With rising vacancies and a cooling rental market, both renters and landlords must adapt. Investors should be cautious, as the increased supply could lead to longer vacancy periods and necessitate more strategic pricing.