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CMHC Housing Starts Reveal Bill 44 Working
Summary by Victoria Residential Builders Association
1 Articles
1 Articles
CMHC Housing Starts Reveal Bill 44 Working
CMHC reports Greater Victoria’s 4,129 housing starts from January to October 2025 are 23% higher than the 3,359 starts in 2024. The vast majority are condos/apts at 3,377 up from 2,766 last year. These are mostly projects that were in the hopper a year, two-or-more ago. They benefit from economy of scale as construction costs continue to be enormously high due to govt costs like DCC’s, ACC’s, permit fees, regulatory hurdles and slow approval pro…
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