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Greater Victoria Housing Starts Decline 29% VS 2024 - Victoria Residential Builders Association

Summary by Victoria Residential Builders Association
Despite provincially-mandated housing targets and rezonings, CMHC reports Greater Victoria’s 1,003 housing starts from January to April 2025 are 29% lower than the 1,422 starts in 2024. The region’s 391 housing starts in April 2025 are 23% lower than the 506 starts in April 2024. 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 2…
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Victoria Residential Builders Association broke the news in on Thursday, May 15, 2025.
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