Creating and Retaining Victoria’s Rental Housing

Sixty one percent of Victoria residents rent their home.

It can be very challenging to find a place to rent with a vacancy rate of just 1%. That's why the City is working on a suite of new housing initiatives aimed at providing support for renters and improving access to rental housing.

Victoria Housing Strategy Phase Two: Focus on Renters

One goal of the Victoria Housing Strategy Phase Two: 2019-2022 is to improve affordability, stability, and choice for renters in Victoria. This goal includes actions that seek to maintain and improve existing rental housing units, protect tenants, prevent renovictions, and create new non-market, below-market, and market rental housing options.   

Why is purpose-built rental important?

Purpose-built rental housing offers a secure and long-term option for households who cannot or choose not to own their homes.

Renting offers a more flexible and inherently less expensive housing option compared to homeownership. Purpose-built rental housing refers to apartment buildings (i.e. four units or more) designed and built expressly as long-term rental housing. Purpose-built rentals are considered to form the primary rental market housing stock. They offer greater housing security than the secondary market rentals, whose owners may choose to use the unit for their own purposes.

Encouraging new rental housing development:

Council has supported the following policies and regulations to help encourage new purpose-built rental units:

Retaining existing rental housing and protecting tenants:

Council has supported the following policies, regulations, and committees to help retain the existing rental supply and protect tenants across the city:

What is Rental Tenure Zoning?

Residential Rental Tenure Zoning (RRTZ or Rental Zoning) was introduced by the Province of British Columbia in May 2018 and gives municipalities new legislative authority to limit housing tenure to rental in multi-family residential zones. The intent of these changes is to give local governments greater ability to preserve and increase the overall supply of rental housing in their communities. The City of Victoria Council directed staff to undertake several Rental Zoning related actions, including:

  • Preparing draft zoning bylaw amendments to apply residential rental tenure zoning to existing purpose-built market rental properties through a phased approach.
  • In 2019, a new definition of residential rental tenure was added to the City’s zoning bylaws, which are now included in site-specific zoning when applicants propose purpose-built rental developments. Click here to see the report.
  • Participating in a study to consider potential economic impacts of Rental Zoning use, led by the Housing Research Collaborative (UBC) and the Sauder School of Business Centre for Urban Economics and Real Estate (UBC).

Rental Tenure Zoning Sources