US EditionCRD Housing Starts Decline 12%, Single Family 31% - Victoria Residential Builders Association
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CRD Housing Starts Decline 12%, Single Family 31% - Victoria Residential Builders Association
Despite provincially-mandated housing targets and rezonings, CMHC reports Greater Victoria’s 1,379 housing starts from January to May 2025 are 12% lower than the 1,572 starts in 2024. The region’s 376 housing starts in May 2025 are 4% lower than the 391 starts in April 2025. The BC govt’s claim that housing supply is improving through taxpayer-funded programs such as BC Builds is not reflected in the data. New single family homes are down 31% an…
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