{
  "id": "below-market-and-family-homes",
  "parent": "housing-target-progress",
  "category": "Housing",
  "title": "Below-market and family-size homes among net new homes",
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "Provincial and federal housing programs",
    "Municipal (approvals and zoning)",
    "Non-profit and private builders"
  ],
  "plain_question": "Of the net new homes counted toward the provincial target, how many rent below market, and how many have three or more bedrooms?",
  "value": 195,
  "display_value": "195",
  "unit": "below-market net new homes in year 2",
  "period": "October 1, 2024 to September 30, 2025",
  "period_start": "2024-10-01",
  "period_end": "2025-09-30",
  "comparison": {
    "previous_period": "Year 1",
    "previous_value": 168,
    "change_percent": null
  },
  "since_text": "Since Oct 2023: 363 below-market and 181 with 3+ bedrooms, of 2,359 net new",
  "trend": "context",
  "trend_basis": "Year 2: 195 of 882 net new homes were below-market rentals and 109 had three or more bedrooms. Since October 2023: 363 below-market and 181 with three or more bedrooms, out of 2,359 net new homes (15% and 8%).",
  "direction_good": "up",
  "right_direction": "Shown for context, without a “better” or “worse” label. The Province has not set a separate target for these categories.",
  "caveats": [
    "Categories follow the Province's progress report form. “Below market” means rents below the local market rent as defined in the Province's guidelines.",
    "Family-size here means three or more bedrooms (three-bedroom plus four-or-more-bedroom rows of the report).",
    "Counts are net of demolitions in each category."
  ],
  "charts": [
    {
      "title": "Net new homes by category, each reporting year",
      "fmt": "int",
      "unit": "homes",
      "lines": [
        {
          "name": "Below-market rental",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 168
            },
            {
              "period": "2025-09",
              "value": 195
            }
          ]
        },
        {
          "name": "Three or more bedrooms",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 72
            },
            {
              "period": "2025-09",
              "value": 109
            }
          ]
        }
      ]
    },
    {
      "title": "Net new homes by category, added up since October 2023",
      "fmt": "int",
      "unit": "homes",
      "lines": [
        {
          "name": "Below-market rental, since October 2023",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 168
            },
            {
              "period": "2025-09",
              "value": 363
            }
          ]
        },
        {
          "name": "Three or more bedrooms, since October 2023",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 72
            },
            {
              "period": "2025-09",
              "value": 181
            }
          ]
        }
      ],
      "refs": [
        {
          "key": "bm1798",
          "style": "guideline",
          "label": "Provincial guideline attached to the target order: 1,798 below-market rental homes by September 30, 2028",
          "short": "Guideline: 1,798 below-market rental homes",
          "area": "City of Victoria",
          "source": "City of Victoria, Provincial Housing Targets Progress Report for Reporting Period 2, presentation to Committee of the Whole (November 13, 2025)",
          "url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
          "applies": "Five-year total, to September 30, 2028",
          "value": 1798,
          "end": "Guideline: 1,798"
        },
        {
          "key": "fam736",
          "style": "guideline",
          "label": "Provincial guideline attached to the target order: 736 homes with three or more bedrooms by September 30, 2028",
          "short": "Guideline: 736 homes with three or more bedrooms",
          "area": "City of Victoria",
          "source": "City of Victoria, Provincial Housing Targets Progress Report for Reporting Period 2, presentation to Committee of the Whole (November 13, 2025)",
          "url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
          "applies": "Five-year total, to September 30, 2028",
          "value": 736,
          "end": "Guideline: 736"
        }
      ]
    }
  ],
  "calc": {
    "formula": "Family-size = net new three-bedroom + net new four-or-more-bedroom homes. Shares = category ÷ all net new homes since October 2023.",
    "steps": [
      "Year 1: below-market 168; three-bedroom 59 + four-or-more 13 = 72.",
      "Year 2: below-market 195; three-bedroom 51 + four-or-more 58 = 109."
    ],
    "inputs": [
      {
        "name": "Housing Target Progress Report, City of Victoria, year 1",
        "agency": "City of Victoria report to the B.C. Ministry of Housing, published by the Province",
        "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/uploads/city_of_victoria_annual_progress_report_nov_2024pdf.pdf",
        "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports",
        "period": "Year 1 (to Sep 30, 2024)",
        "licence": {
          "name": "Public data, not under an open licence. Used with attribution.",
          "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "open": false
        },
        "data_published": "2025-01-24"
      },
      {
        "name": "Housing Target Progress Report, City of Victoria, year 2",
        "agency": "City of Victoria report to the B.C. Ministry of Housing, published by the Province",
        "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/housing-targets/city_of_victoria_-_year_2_housing_targets_progress_report_nov_2025.pdf",
        "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports",
        "period": "Year 2 (to Sep 30, 2025)",
        "licence": {
          "name": "Public data, not under an open licence. Used with attribution.",
          "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "open": false
        },
        "data_published": "2025-11-13"
      }
    ]
  },
  "refresh_frequency": "Annually (reporting year ends September 30)",
  "verified_text": [
    "Housing Target Order M286/2023, Schedule C: “must receive the progress report by resolution within 45 days of the end of the reporting period”; Reporting Period 1.1: October 1, 2023 – March 31, 2024; Reporting Period 1.2: October 1, 2023 – September 30, 2024; Reporting Period 2: October 1, 2024 – September 30, 2025; Reporting Period 3: October 1, 2025 – September 30, 2026; Reporting Period 4: October 1, 2026 – September 30, 2027; Reporting Period 5: October 1, 2027 – September 30, 2028",
    "Year 1 report: Total 1536 59 1477 1477 | Below Market3 183 15 168 168 | Three Bedroom 67 8 59 59 | Four or More Bedroom1 14 1 13 13",
    "Year 2 report: “Date Received by Council Resolution November 13, 2025”",
    "Year 2 report: Total 911 29 882 2,359 | Below Market3 - Total 195 0 195 363 | Three Bedroom 60 9 51 110 | Four or More Bedroom1 58 0 58 71"
  ],
  "source": {
    "name": "Calculated here from City of Victoria report to the B.C. Ministry of Housing, published by the Province data",
    "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/housing-targets/city_of_victoria_-_year_2_housing_targets_progress_report_nov_2025.pdf",
    "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports",
    "publisher_page": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/uploads/city_of_victoria_annual_progress_report_nov_2024pdf.pdf",
    "page_url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/housing-targets/city_of_victoria_-_year_2_housing_targets_progress_report_nov_2025.pdf#page=2",
    "page": 2,
    "locator": "City of Victoria Year 2 progress report, page 2, “Below Market” and “Three Bedroom” rows",
    "reads": "Below Market, total: 195 in Year 2 (363 cumulative); Three Bedroom: 51 net (110 cumulative)"
  },
  "licence": {
    "name": "Public data, not under an open licence. Used with attribution.",
    "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
    "open": false
  },
  "derived": true,
  "retrieved_at": "2026-11-12T03:53:09Z",
  "data_published": "2025-11-13",
  "series": [
    {
      "period": "2024-09",
      "value": 168
    },
    {
      "period": "2025-09",
      "value": 195
    }
  ],
  "licence_type": "public",
  "source_tier": 1,
  "measure_kind": "activity",
  "better_measure": null,
  "status_rule": {
    "rule": "One rule for every measure: a change smaller than 5% of the earlier value, or smaller than the agency's own margin of error, is “About the same”; no change is calculated across a marked break in a series; homelessness estimates, prices, staffing and comparison pages are shown for context without a label.",
    "reason": "Shown for context, without a better or worse label.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": null,
    "five_year": null
  },
  "direction": {
    "type": "context",
    "rule": "Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series.",
    "key": "rising",
    "label": "Rising",
    "arrow": "▲",
    "rel": 16.071428571428573,
    "delta": null,
    "vs": "2024-09",
    "cur": "2025-09",
    "why": "These are counts within the housing target report, shown for context. The change is 16.1% of the earlier value, at or above the 5% threshold.",
    "change": "16%",
    "one_year": "+16.1%",
    "long_why": "The series starts in 2024-09, so there is no reading longer than one year yet."
  },
  "benchmark": {
    "rung": 1,
    "rung_name": "Adopted target",
    "as_of": "2026-11-12",
    "items": [
      {
        "kind": "guideline",
        "label": "Provincial guideline attached to the target order",
        "text": "Provincial guideline attached to the target order: 1,798 below-market rental homes and 736 homes with three or more bedrooms over the order’s five years, to September 30, 2028, as shown in the City’s November 13, 2025 progress report to Council. Since October 1, 2023, the Province’s report form shows 363 below-market homes and 181 homes with three or more bedrooms (110 with three bedrooms and 71 with four or more). The second chart adds up each category since October 2023 and draws both guidelines as grey dashed lines. They are guidelines for the five-year total, so no status is given before 2028.",
        "area": "City of Victoria",
        "source": {
          "title": "Provincial Housing Targets Progress Report for Reporting Period 2, presentation to Committee of the Whole",
          "publisher": "City of Victoria",
          "date": "November 13, 2025",
          "url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
          "terms": "https://www.victoria.ca/legal-disclaimer",
          "refresh": "Yearly progress reports (November)",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "hto_pres"
        },
        "documents_checked": null
      },
      {
        "kind": "note",
        "label": "Note",
        "text": "The cumulative counts above are from Section 3 of the City’s reporting period 2 form (net new units since the order took effect).",
        "area": "City of Victoria",
        "source": {
          "title": "Housing Target Progress Report Form, City of Victoria, reporting period 2",
          "publisher": "City of Victoria, published by the Province of B.C.",
          "date": "November 2025",
          "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/housing-targets/city_of_victoria_-_year_2_housing_targets_progress_report_nov_2025.pdf",
          "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "refresh": "Yearly",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "hto_y2"
        },
        "documents_checked": null
      }
    ],
    "drawn": [
      "Provincial guideline attached to the target order: 1,798 below-market rental homes by September 30, 2028",
      "Provincial guideline attached to the target order: 736 homes with three or more bedrooms by September 30, 2028"
    ],
    "rule": "Highest rung found is shown; the site never sets a target. Methods, Targets."
  },
  "benchmarks": [
    {
      "rung": 1,
      "kind": "guideline",
      "label": "Provincial guideline attached to the target order: 1,798 below-market rental homes by September 30, 2028",
      "short": "Guideline: 1,798",
      "unit": "homes",
      "set_by": "BC",
      "instrument": "order",
      "document": "hto_pres",
      "page": null,
      "area": "City of Victoria",
      "fit": "full",
      "same_area": false,
      "polarity": "higher_is_better",
      "chart": 1,
      "value": 1798,
      "applies_from": null,
      "applies_to": null,
      "note": "Five-year total, to September 30, 2028",
      "document_url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
      "applies_here": false,
      "same_measure": false
    },
    {
      "rung": 1,
      "kind": "guideline",
      "label": "Provincial guideline attached to the target order: 736 homes with three or more bedrooms by September 30, 2028",
      "short": "Guideline: 736",
      "unit": "homes",
      "set_by": "BC",
      "instrument": "order",
      "document": "hto_pres",
      "page": null,
      "area": "City of Victoria",
      "fit": "full",
      "same_area": false,
      "polarity": "higher_is_better",
      "chart": 1,
      "value": 736,
      "applies_from": null,
      "applies_to": null,
      "note": "Five-year total, to September 30, 2028",
      "document_url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
      "applies_here": false,
      "same_measure": false
    },
    {
      "rung": 1,
      "kind": "guideline",
      "label": "Provincial guideline attached to the target order: 1,798 below-market rental homes and 736 homes with three or more bedrooms over the order’s five years, to September 30, 2028, as shown in the City’s November 13, 2025 progress report to Council. Since October 1, 2023, the Province’s report form shows 363 below-market homes and 181 homes with three or more bedrooms (110 with three bedrooms and 71 with four or more). The second chart adds up each category since October 2023 and draws both guidelines as grey dashed lines. They are guidelines for the five-year total, so no status is given before 2028.",
      "short": null,
      "document": "hto_pres",
      "page": null,
      "area": "City of Victoria",
      "fit": "text_only",
      "same_area": false,
      "related_reason": "Different unit, definition, period or area; written under the chart, not drawn.",
      "document_url": "https://pub-victoria.escribemeetings.com/filestream.ashx?DocumentId=104993",
      "applies_here": false,
      "same_measure": false
    }
  ],
  "highest_rung": 1,
  "decided_by": [
    {
      "body": "BC",
      "name": "Province of B.C.",
      "decides": "Can set housing targets for a municipality, including on affordability. The City’s current order sets one five-year total of net new homes.",
      "laws": [
        {
          "key": "hsa2",
          "label": "Housing Supply Act, s. 2",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/22038#section2"
        },
        {
          "key": "m286",
          "label": "Ministerial Order M286/2023 (Victoria housing target order)",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/mo/mo/m0286_2023"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "COV",
      "name": "City of Victoria Council",
      "decides": "Decides zoning and approvals in the City.",
      "laws": [
        {
          "key": "lga479",
          "label": "Local Government Act, s. 479",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/r15001_14#section479"
        }
      ],
      "last": null,
      "next": null
    }
  ],
  "main_decision_maker": "Province of B.C.",
  "label_1y": {
    "key": "rising",
    "label": "Rising"
  },
  "label_long": null,
  "target_line": {
    "form": 5,
    "text": "Related guideline only",
    "target": null,
    "gap": null,
    "comparison": null,
    "applies_here": false,
    "note": null
  }
}