One municipality out of 13 – Langford – is responsible for more than 50% of new housing in the CRD according to the latest data from Canada Mortgage and Housing. There were 203 housing starts in January & February out of a total of 373. The region’s two largest municipalities – Victoria and Saanich – posted 25 and 24 new homes respectively. Metchosin has zero new homes this year.
Langford stands out as a community working to address housing demand from new Canadians, millennials starting families, and downsizing boomers, while most other CRD municipalities pull up the drawbridge with obstructive rezoning processes, slow permits, higher fees and regulations such as the Step Code adding $30,000 to the cost of a new home. Much of this is documented in recent “Housing Needs” reports created for each municipality. For challenges of the Step Code, read https://www.vrba.ca/blog/bc-step-code-misstep/
Growth is here and more is coming due to a 55% increase in immigration, where the majority of new Canadians move to Ontario and BC. Read https://www.vrba.ca/news/fast-growing-canada-needs-housing-supply-2/
Municipalities are not accountable to the federal and provincial govts due to BC’s policy of municipal self-determination. As a result, high population growth combined with low interest rates and and low supply are driving high housing prices across the country. In the past, the BC government suggested red herrings such as foreigh buyers and speculators as a way to further tax housing, but those theories have been clearly discredited.
Growth is here and more is coming. If you aren’t part of the solution, you are part of the problem. Right now, most CRD municipalities (and the BC govt) are part of the problem.