Victoria indicatorsBelow-market and family-size homes
195 below-market net new homes (year 2)
Related guideline only. A target exists for a nearby measure, not for this one, so no gap is shown. Targets and comparisons
Up 16% in a year.
Source: City of Victoria reports to the Province (calculated here). We read it on Nov 11, 2026.
Over time
Net new homes by category, each reporting year
Sep 2025 Homes, by month
- Below-market rental 195
- Three or more bedrooms 109
P provincial election: Oct 19, 2024
More charts (1)
Net new homes by category, added up since October 2023
Sep 2025 Homes, by month
- Below-market rental, since October 2023 363
- Three or more bedrooms, since October 2023 181
Guideline: 1,798 below-market rental homes
Guideline: 736 homes with three or more bedrooms
P provincial election: Oct 19, 2024
Targets and comparisons
Provincial guideline attached to the target order
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.
Source: Provincial Housing Targets Progress Report for Reporting Period 2, presentation to Committee of the Whole, City of Victoria, November 13, 2025. Area: City of Victoria. Updated: Yearly progress reports (November). Licence: Public document, not under an open licence. Quoted with attribution.
The cumulative counts above are from Section 3 of the City’s reporting period 2 form (net new units since the order took effect).
Source: Housing Target Progress Report Form, City of Victoria, reporting period 2, City of Victoria, published by the Province of B.C., November 2025. Area: City of Victoria. Updated: Yearly. Licence: Public document, not under an open licence. Quoted with attribution.
Show the numbers as a table
| Period | Below-market rental | Three or more bedrooms |
|---|---|---|
| Sep 2025 | 195 | 109 |
| Sep 2024 | 168 | 72 |
| Period | Below-market rental, since October 2023 | Three or more bedrooms, since October 2023 |
|---|---|---|
| Sep 2025 | 363 | 181 |
| Sep 2024 | 168 | 72 |
How it compares
City of Victoria reports to the Province, Sep 2025, homes. Comparisons are not goals.
Who decides
Province of B.C. Can set housing targets for a municipality, including on affordability. The City’s current order sets one five-year total of net new homes. Housing Supply Act, s. 2
Show the 1 other body and the laws
| Body | What it decides | Law or bylaw |
|---|---|---|
| Province of B.C. | Can set housing targets for a municipality, including on affordability. The City’s current order sets one five-year total of net new homes. | Housing Supply Act, s. 2 Ministerial Order M286/2023 (Victoria housing target order) |
| City of Victoria Council | Decides zoning and approvals in the City. | Local Government Act, s. 479 |
Councils: last general local election October 17, 2026; next on October 19, 2030, the third Saturday of October set by the Local Government Act, s. 52. Province: last general election October 19, 2024; next set for October 21, 2028 unless called earlier (Constitution Act, s. 23).
Each row says what a body decides and links to the law, order or bylaw that gives it that role. It does not say who caused a change: markets, households and other governments also move these numbers. Who decides what, for every measure · How we choose
What this number does not show
- Categories follow the Province's progress report form. “Below market” means rents below the local market rent as defined in the Province's guidelines.
One more limit
- Family-size here means three or more bedrooms (three-bedroom plus four-or-more-bedroom rows of the report).
Not measured yet in housing: renovictions and tenant displacement. See all 17 gaps
In plain words
Of the net new homes reported against the provincial target, how many were below-market rentals and how many had three or more bedrooms.
How we decide “Rising”
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.
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%).
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. The rule.
All notes on this number
Why it matters. The type of home matters as well as the number: families need more bedrooms, and many households need rents below market.
- 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.
Which places
Area: City of Victoria
The City of Victoria municipality only, all neighbourhoods.
Included
- All City of Victoria neighbourhoods, including Downtown, James Bay, Fairfield, Fernwood, Oaklands, Hillside/Quadra, North Park, Burnside, Victoria West, Rockland, Jubilee and Gonzales
Not included
- Saanich, Oak Bay, Esquimalt, Langford and every other municipality in the region
Official definition
How the agency describes it: City of Victoria (municipality).
How we calculated it
Calculated herePublic, not open-licensed This figure is not published by an agency as is. It is calculated here, by script, from the public data listed below. It belongs with Net new homes vs the provincial target.
Formula
Family-size = net new three-bedroom + net new four-or-more-bedroom homes. Shares = category ÷ all net new homes since October 2023.
With the latest numbers
- 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
Housing Target Progress Report, City of Victoria, year 1
- Published by
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period used
- Year 1 (to Sep 30, 2024)
- Licence
- Public data, not under an open licence. Used with attribution. Agency’s terms of use
- Latest release
- Jan 24, 2025
Housing Target Progress Report, City of Victoria, year 2
- Published by
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period used
- Year 2 (to Sep 30, 2025)
- Licence
- Public data, not under an open licence. Used with attribution. Agency’s terms of use
- Latest release
- Nov 13, 2025
Keep in mind
- 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.
Retrieved Nov 11, 2026, 8:53 PM B.C. time. This page’s data and calculation (JSON).
Licence and credits
This figure is public but not under an open licence: the agency publishes it for anyone to read, and it is shown here with credit and a link to the agency’s terms. About licences.
Calculated here from public data; see “How we calculated it”.
- Calculated here from
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Licences
- Public data, not under an open licence. Used with attribution. Terms: City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period
- October 1, 2024 to September 30, 2025
- Updated
- Annually (reporting year ends September 30)
- Retrieved
- Nov 11, 2026, 8:53 PM B.C. time
- Details
- Formula and every input
Spot a mistake?
Email [email protected]. Fixes are listed in the corrections log.