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New Housing Up 23% in Greater Victoria
Summary by Victoria Residential Builders Association
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New Housing Up 23% in Greater Victoria
CMHC reports Greater Victoria’s 3,771 housing starts from January to September 2025 are 23% higher than the 3,066 starts in 2024. The vast majority are condo/apts representing 83% of new housing – at 3,335 up from 2,548 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, regul…
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