US EditionVRBA: HOUSING STARTS INCREASE 29% IN GREATER VICTORIA
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VRBA: HOUSING STARTS INCREASE 29% IN GREATER VICTORIA
Casey Edge is Executive Director of the Victoria Residential Builders Association (VRBA) VICTORIA – CMHC reports Greater Victoria’s 2,920 housing starts from January to July 2025 are 29% higher than the 2,259 starts in 2024. The vast majority are condo/apts representing 83% of new housing – mostly projects that were in the hopper a year, two-or-more ago. Despite the increase in starts, construction costs continue to be enormously high due to gov…
Housing Starts Increase 29% in Greater Victoria - Victoria Residential Builders Association
CMHC reports Greater Victoria’s 2,920 housing starts from January to July 2025 are 29% higher than the 2,259 starts in 2024. The vast majority are condo/apts representing 83% of new housing – mostly projects that were in the hopper a year, two-or-more ago. Despite the increase in starts, construction costs continue to be enormously high due to govt costs like DCC’s, ACC’s, permit fees, regulatory hurdles and slow approval processes. New single f…
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