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New Housing Declines 20% in Greater Victoria

According to CMHC, year- to-date, (Jan to June 2026) Greater Victoria has posted 1,872 new homes, a 20% decrease from the 2,339 last year (Jan to June 2025). The bellwether for housing supply in Greater Victoria is Langford, which is down 62% to 329 from 860 new homes. For decades, Langford has been a model of consistency offering homes of all types – single family, townhomes, apt/condos. However, a combination of rising costs, softening sales, …
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Victoria Residential Builders Association broke the news on Friday, July 17, 2026.
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