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Toronto vs Vancouver
Every current official measure published for both metros. Figures from different reference periods are flagged; measures missing for either metro are left out.
| Measure | Toronto | Vancouver | Reference period |
|---|---|---|---|
| New housing price indexNew homes only; not a resale price measure. | 105.0−4.9% | 123.4−2.1% | Sep 1, 2026 |
| Housing starts (last 12 months) | 23,355 units−9.8% | 26,601 units−4.9% | Sep 1, 2026 |
| Completions (last 12 months) | 26,691 units−26.4% | 27,830 units−6.0% | Sep 1, 2026 |
| Homes under construction | 88,108 units−4.2% | 61,680 units−2.3% | Sep 1, 2026 |
| Dwelling units permitted (last 12 months) | 34,530 units−12.8% | 25,300 units−16.3% | Sep 1, 2026 |
| Rental vacancy ratePurpose-built apartments (6+ units); annual October survey. | 3.00%+0.5 pts | 3.70%+2.1 pts | October 2025 survey |
| Average rent, 2-bedroomPurpose-built rentals (row and apartment, 3+ units); annual October survey. | $2,045+3.7% | $2,364+2.2% | October 2025 survey |
| Asking rent, 2-bedroom apartmentExperimental estimate from new listings; not what sitting tenants pay. | $2,650−0.7% | $3,030−4.1% | Apr 1, 2026 |
| Paid rent, 2-bedroom apartmentExperimental estimate of rent paid by all renter households. | $2,160+3.3% | $2,470+7.4% | Apr 1, 2026 |
| Unsold new homes (unabsorbed inventory)Completed homeownership and condo units not yet sold or rented; excludes purpose-built rentals. | 527 units+5.0% | 870 units+5.2% | Sep 1, 2026 |
| New homes absorbed (last 12 months) | 3,195 units−21.9% | 2,444 units−7.7% | Sep 1, 2026 |
| Population | 7,108,874 persons−0.0% | 3,088,036 persons+0.2% | Jan 1, 2025 |
| Completions per 1,000 residents | 3.8 per 1,000 | 9.0 per 1,000 | Sep 1, 2026 |
| Starts per 1,000 residents | 3.3 per 1,000 | 8.6 per 1,000 | Sep 1, 2026 |