Victoria sees 16% drop in housing starts despite rise in national numbers
- Housing starts in Victoria dropped by 16 per cent in 2024, despite a rise in national numbers, according to a new Canada Mortgage and Housing Corporation report.
- The City of Victoria's development cost charges increased by 258 per cent, contributing to the decrease in housing starts.
- Casey Edge, Executive Director of the Victoria Residential Builders Association, stated that provincial policies are making it harder to build despite calls for more housing construction.
- National housing starts rose by two per cent from 2023 to 2024, largely due to historically high rental construction levels in Alberta, Quebec, and the Atlantic provinces.
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Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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