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Greater Victoria Housing Starts Increase 16% in 2025
Summary by Victoria Residential Builders Association
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Greater Victoria Housing Starts Increase 16% in 2025
CMHC reports Greater Victoria’s 4,859 housing in 2025 are 16% higher than the 4,185 starts in 2024. The vast majority are condos/apts at 3,951 up from 3,411 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 processes. The CMHC report show…
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