US EditionGreater Victoria Housing Starts Up 23% - Victoria Residential Builders Association
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Greater Victoria Housing Starts Up 23% - Victoria Residential Builders Association
CMHC reports Greater Victoria’s 2,339 housing starts from January to June 2025 are 23% higher than the 1,906 starts in 2024. The vast majority are condo/apts representing 83% of new housing. New single family homes at 126 are down 12%. Duplexes/row housing are up 44% over last year. Despite the increase, construction costs are enormously high due to DCC’s, ACC’s, permit fees, regulatory hurdles and slow approval processes. Year-to-date, Langford…
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