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Departments > Sustainability > Housing

Housing in Victoria

The information contained here is a summary of the City of Victoria's housing stock and our response to housing affordability and homelessness. The primary source of data is the 2006 census. As well building permit data and CHMC rental surveys assist in providing an overall picture of the condition and affordability of Victoria's housing stock.

The City of Victoria works in partnership with groups and organizations that address housing policy in the Capital Regional District. Based on the OCP (1995), the City is addressing housing affordability and other key areas of concern including homelessness, adaptable housing and secondary suites.

On this page you will find information on:

Characteristics of Housing Stock

Below you will find a summary of:

  • Dwelling Unit Numbers
  • Tenure
  • Vacancy Rates
  • Residential Development
  • Residential Selling Prices
  • 2010 Housing Report - [PDF 1.1MB]

Dwelling Unit Numbers
According to the 2006 census, there are 41, 705 private dwellings in the City of Victoria. This is an increase from 2001 by 2,110 units (5.3%). Our housing mix looks like this:

Total number of occupied private dwellings by structural type of dwelling 41705 %
Single-detached house 6580 16%
Semi-detached house 965 2%
Row house 2015 5%
Apartment, duplex 3965 10%
Apartment, building that has five or more storeys 6230 15%
Apartment, building that has fewer than five storeys 21815 52%
Other single-attached house 120 0%
Movable dwelling 30 0%

Source: Statistics Canada 2006

Single detached homes make up 16% of our housing mix. Semi-detached, townhouse or duplex account for 17% and apartments make up the balance (67%). The average number of rooms per dwelling is 4.7 and the average number of bedrooms per dwelling is 1.8.

Our housing stock is relatively well maintained. Seventy percent (70%) of our private occupied dwellings require regular maintenance only while another 23% require some minor repairs. Only 7% of occupied dwellings require major repairs.

The age of dwelling units in Victoria looks like this:

Number of Private Dwellings by Period of Construction

Source: Statistics Canada 2006

Tenure
Tenure for the City of Victoria compared to the Capital Region and the province looks like this:

Owner and Renter Occupied Dwellings 2006 Total Owner Renter % own % rent
Victoria 41705 16880 24825 40 60
CRD 152345 99980 52365 66 34
BC 1643150 1145050 493995 70 30

Source: Statistics Canada 2006

Victoria Tenure 1996-2006 Owner Renter % own % rent
1996 14080 24290 37 63
2001 14860 24735 37.5 62.5
2006 16880 24825 40 60

Household Tenure Victoria CMA BC
Rental 59.5% 34% 30%
Owner 40.5% 66% 70%

Source: Statistics Canada 2006

Sixty percent of Victorians are renters compared to the CRD average of 34%. Ownership in Victoria has risen 3% between 1996-2006, but still lags far behind both the CRD average (66%) and the provincial average (70%).

Vacancy Rates
Vacancy and availability rates are measured every spring and fall by Canada Mortgage and Housing Corporation. Results from 2010 are below:

Primary Rental Market
(Purpose built rental buildings with 3+ units per building)
Number Units Total Vacant Average Rent 2010 Average Rent 2009 Difference
Bachelor 2141 16 $668 $650 2.70%
1 Bedroom 9419 151 $817 $800 2.10%
2 Bedroom 4137 39 $1,044 $1,015 2.90%
3 Bedroom 220 3 $1,294 $1,294 0%
Total 15825 208 - - -

Current vacancy rate: 1.30%
National vacancy rate: 2.60%
Healthy vacancy rate: No official percentage exists. Guestimated at 3%

Secondary Rental Market 2009 2010 Difference
Total Condominiums 10420 11064 644
Rental Units 2285 2506 221
% units in rental market 21.90% 22.70% 0.80%
Vacancy rate 1.90% 1.50% 0.40%

(Source: CMHC Rental Market Fall 2010 Survey)

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Residential Development

There were 142 residential building permits issued in 2010 for a total of 369 units net gain of new housing. Building permits counted include demolitions, conversions and new construction only. It does not include plumbing or electrical permits. There were 5 large projects in Downtown and Harris Green accounting for 199 (60%) of the new units. The Downtown neighbourhood continues to see a steady addition of both ownership and rental housing in the core. In 2010, there were 49 secondary suites created within the City limits.

5 year City-Wide Housing Activity 2006 2007 2008 2009 2010 Total
2006-2010
New Build 844 844 844 844 844 844
Demolitions -30 -61 -27 -28 -39 -185
New Construction 625 844 116 161 274 2020
Conversions 140 263 14 238 85 740
Secondary Suites 9 25 31 44 49 158
Net New Units = 2733

Secondary Suites 2005 - 2010
Neighbourhood 2005 2006 2007 2008 2009 2010 Total 2005-10
Burnside 1 0 0 1 0 2 4
Downtown 0 0 0 0 0 0 0
Fairfield 3 1 3 5 8 12 32
Fernwood 1 1 4 3 3 8 20
Gonzales 4 4 8 6 10 7 39
Harris Green 0 0 0 0 0 0 0
Hillside Quadra 1 1 1 4 3 5 15
James Bay 1 0 3 3 4 3 14
Jubilee 0 1 2 1 0 2 6
North Park 0 0 0 0 0 0 0
Oaklands 0 0 0 5 10 5 20
Rockland 1 0 1 0 1 3 6
Vic West 0 1 3 3 5 2 14
Total 12 9 25 31 44 49 170

2000-2010 Permit Activity Total Bldg Permits Permit Value
($ millions)
Year 2000 2848 103
Year 2001 2907 106
Year 2002 2827 145
Year 2003 2944 133
Year 2004 2927 129
Year 2005 3244 206
Year 2006 3626 230
Year 2007 3381 281
Year 2008 3412 178
Year 2009 3609 318
Year 2010 4210 144

2000-2009 Permit Values

In 2010 there was a 17% increase in building permits issued with a 55% decrease in construction value from 2009. The number of permits issued surpasses the total number issued in the past 10 years by 16%.

Note: The above table includes all building permits issued during each fiscal year, including electrical and plumbing permits.

Residential Selling Prices

2010 Monthly Median House Sales Summary - City of Victoria Jan Feb Mar Apr May June
SFD $674,000 $604,000 $573,500 $579,000 $612,950 $536,000
Condominium $299,950 $298,000 $316,250 $299,900 $285,000 $309,500
Townhouse $552,500 $481,000 $565,000 $453,500 $422,000 $382,500

2010 Monthly Median House Sales Summary - City of Victoria Jul Aug Sep Oct Nov Dec
SFD $534,000 $565,000 $540,000 $533,700 $514,550 $565,000
Condominium $280,000 $290,000 $276,000 $265,450 $255,000 $280,000
Townhouse $416,000 $385,000 $385,000 $499,900 $342,500 $496,500

2010 City Median House Prices

Victoria has experienced overall growth in housing prices since 1997, hitting its peak in 2008, and experiencing a slight drop in 2009, but showed full recovery in 2010.

1997-2010 Average Sale Prices 1997 1998 1999 2000 2001 2002 2003
SFD $223,504 $231,864 $227,309 $231,735 $243,445 $256,275 $317,540
Condominium $151,952 $162,065 $168,989 $153,337 $145,131 $158,628 $205,379
Townhouse $208,072 $204,878 $186,864 $195,396 $204,144 $217,004 $264,941

1997-2010 Average Sale Prices 2004 2005 2006 2007 2008 2009 2010
SFD $359,000 $445,017 $444,750 $490,000 $569,805 $505,000.00 $600,564.00
Condominium $237,110 $278,782 $255,005 $288,850 $322,670 $327,500.00 $319,413.00
Townhouse $310,263 $376,789 $355,000 $374,900 $463,142 $425,000.00 $463,985.00

1997-2010 Average Sales Prices

Source: Victoria Real Estate Board

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2010 Victoria Housing Report

To print a copy of the 2010 Victoria Housing Report, click here - [PDF 1.1MB]

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Victoria Comprehensive Housing Strategy

City Council received and approved a Comprehensive Housing Strategy for the City of Victoria on July 12th, 2007. The work program outlined in the strategy is aligned with the Regional Housing Affordability Strategy (RHAS) - [PDF 396KB] and reflects the high priority ascribed to housing by citizens in the City's Annual Citizen Survey.

Housing Continuum

This picture illustrates the housing continuum in the City of Victoria. The affordability challenges in the City exist across this continuum but particularly in the production of low end of market ownership housing, primarily due to the price of land. Click here to read a copy of the Comprehensive Housing Strategy - [PDF 83KB].

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Assisted Housing

The purpose of assisted housing is to provide accommodation for eligible senior citizens, families and individuals. To qualify for assisted housing, applicants are assessed on the basis of need. In Victoria, assisted housing includes a variety of:

  • Self-contained rental units in apartments and townhouses for families, seniors and individuals
  • Co-op housing
  • Complex care facilities
  • Transition housing
  • Shelters
  • Youth housing
  • Supportive housing
  • Group homes

Located throughout the city, we have the following numbers of assisted living units for each target group:

Housing (# units)
Adult 329
Co-ops 396
Families 944
Seniors 2033
Shelters 182
Youth 26
Totals 3910

Assisted housing is managed by housing providers. Key housing providers in Victoria include:

Most assisted housing can be applied for through BC Housing.

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Affordable Housing

The City of Victoria is an active partner and a strong advocate for affordable housing throughout the city. We recognize the role that housing plays in creating a strong, vibrant and diverse community. Since 2004 the City of Victoria has been proactively addressing our affordable housing issue. While not an all-encompassing list, some activities we have undertaken include:

  • creating a "supported housing first" policy with concurrent fast tracking of non-profit applicants,
  • approving an expansion of the secondary suites bylaw - [PDF 51KB] followed by an education campaign that included print and electronic media as well as public information sessions,
  • establishing the Victoria Housing Fund to assist in capital development of non-market housing, with a guaranteed annual contribution of $250,000 from the GST rebate,
  • adopting a bonus density policy - [PDF 103KB] for our downtown neighbourhood and utilizing legal instruments (housing agreements) to secure commitments,
  • adopting a strata conversion policy disallowing rental units (of 4 or more in a building) to be converted to ownership based on a vacancy rate of 4% or less,
  • relaxing regulations that permit conversions of existing motels into smaller than minimum allowed to assist in making these projects viable and creating more units (i.e. the Jolly Knight Motel),
  • working with many different housing agencies (both private and public) to create opportunities to address housing needs across the housing continuum (e.g. The Housing Action Team of the Capital Region's Housing Secretariat),
  • creating a community resources inventory which tracks social housing projects (number and size of units and target groups) to ensure that the citizens understand the breadth and scope of the housing continuum,
  • working to develop strong relationships beyond traditional partnerships through our work to develop a Victoria Agreement (2004-2007),
  • creating an annual housing report - [PDF 1.1MB] that tracks new construction, demolitions and conversions including heritage buildings and secondary suites,
  • providing briefing notes for our Mayor and provincial housing minister to meet with their federal government counterpart,
  • participating at the provincial level through the use of UBCM resolutions and suggesting agenda items for the Large Cities Forum.
  • providing financial assistance and participating in the Greater Victoria Coalition to End Homelessness

Click here to see a summary of activity on affordable housing activity between 2008-2010 - [PDF 306KB]

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Greater Victoria Coalition to End Homelessness

In May 2007, then Mayor Alan Lowe established the Task Force on Breaking the Cycle of Homelessness, Addictions and Mental Health. His expectations were to find a better way to deal with the problems of the addicted, mentally ill and other homeless residents on the streets and the impacts these issues are having on our city. In a short period of time (120 days) the Task Force researched and wrote a comprehensive plan for resolving our homeless crisis in Victoria which is now in the early stages of implementation (Summer, 2008). Partnerships have been created, financial resources have been allocated and The Greater Victoria Coalition to End Homelessness, under the leadership of the Honourable Ted Hughes, has been incorporated to implement the work of the task force. To read more about the work of the Coalition, please click here.

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Links to Other Resources

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