Housing Reports and Stats

Victoria Housing Stats

Housing Needs Assessment

In 2020, the City participated in the CRD’s Housing Needs Assessment City of Victoria, October 2020 (Housing Needs Assessment [PDF - 5 MB]), in accordance with Section 585.31 (1) of the Local Government Act, which requires that all local governments complete housing needs reports by April 2022 and every five years thereafter.

Key findings from the report include:

  • 21% of Victorians are in Core Housing Need, a higher proportion than the CRD (14%), British Columbia (15%), or Canada (13%)
  • Renter households reported incomes that were 45% lower than that of owner incomes ($41,152 versus $78,673)
  • As of 2020, there were 938 households on BC Housing’s waitlist for Victoria
  • Between 2005 and 2019:
    • Average home sale price increased between 80% (for a Condo Apartment) and 111% (for a single-family home)
    • Median rent increased by 68% for a one-bedroom unit and 81% for a three-or more bedroom unit

 For more information access the Housing Needs Assessment [PDF - 5 MB]

Annual Housing Reports

The Annual Housing Reports for the City of Victoria are a compilation of housing data for the previous year. The data comes from monthly reports of building permit issuance, the Victoria Real Estate Board and Canada Mortgage and Housing Corporation (CMHC).  Where possible, the data is broken down by neighbourhood and/or compared to the previous year’s data.

For more information about recent home sales visit the Victoria Real Estate Board website.

For more analysis and research of local housing markets visit the Canada Mortgage and Housing Corporation