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Housing Starts Up 20% Year to Date, Nov Down 14%
Summary by Victoria Residential Builders Association
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Housing Starts Up 20% Year to Date, Nov Down 14%
CMHC reports Greater Victoria’s 4,1396 housing starts from January to November 2025 are 20% higher than the 3,668 starts in 2024. The vast majority are condos/apts at 3,570 up from 2,947 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 p…
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