CMHC reports total housing starts in Greater Victoria marginally declined -0.4% from 4809 in 2021 to 4787 in 2022.
However, single detached housing was down 21% from 860 to 679.
Multi-family, which includes condos, townhomes and duplexes increased 4% from 3949 in 2021 to 4108 last year.
VRBA held its Crystal Ball Housing Forecast for 2023 on January 16 with presentations by several industry representatives:
- Graden Sol, Chair, Victoria Real Estate Board
- Brendon Ogmundson, Chief Economist, BC Real Estate Association
- Pershing Sun, Senior Analyst, Economics, Canada Mortgage and Housing Corp.
- Casey Edge, Executive Director, VRBA
A summary of that forecast will be available Wednesday, January 25 in our weekly Times Colonist column and this blog.