Vacancy rates in major British Columbia cities rose in 2025, with Greater Vancouver reaching its highest level in over 30 years due to slower population growth and outflows of non-permanent residents. Vancouver's purpose-built rental vacancy was 3.7%, with rents rising modestly. Victoria's vacancy hit its highest since 1999 at 3.3%, with rent growth accelerating. Increased vacancies reflect demographic shifts and housing policies boosting rental supply.