CMHC reports a 7% increase in new residential construction from January to July vs last year. In 2021 there were 2,500 new homes vs this year’s 2,681.
Much of the increase is apartment/condos in the City of Victoria, while Langford leads in single detached as well as semi-detached and row housing also known as missing middle for young families.
Year-to-date there continues to be zero new missing middle homes in Saanich, Oak Bay, Central Saanich, Highlands, Metchosin, North Saanich.