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CMHC · North SaanichCMHC 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…Read Article
Greater Victoria Housing Starts Up 23% - Victoria Residential Builders Association
CMHC · VictoriaCMHC says up to 4.8 million new homes will be needed over the next decade to achieve affordability. This translates into 430,000 to 480,000 new homes annually. Currently, 245,000 starts per year are projected. CMHC reports the increased numbers are possible if Canada adopts a “larger & modernized workforce, more private investment, less regulation, fewer delays & lower development costs.” We often advocate for encouraging investment and housing …Read Article
Underfunded Trades Training Undermines Housing Supply - Victoria Residential Builders Association
CMHC · VictoriaDespite 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…Read Article
CRD Housing Starts Decline 12%, Single Family 31% - Victoria Residential Builders Association
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