However, the region’s annual average is 2,276 between the years 1972 to 2019.
So at 2,347, during a pandemic, the annual average has already been passed.
This is mostly due to Langford’s rezoning and efficient permit policies responsible for almost 40% of the new housing at 885 units.
Colwood is second at 260 units. The two municipalities represent about 50% of new housing.
Sidney is also strong at 211 units surpassing Victoria’s 177 and Saanich’s 169.
The City of Victoria has had a -65% decline due to obstructive regulatory policies, which Statist. Statistics Canada reports, “Victoria’s demand for housing has been outpacing supply, especially for multifamily dwellings. Developers are building development projects in adjacent cities due to Victoria’s affordability restrictions which states that any large development has to provide 20% of units as ‘affordable’. Pent up demand for housing and relatively low amounts of housing inventory will likely keep prices rising in Victoria for the short term.”
Saanich is considering a similar inclusionary housing policy that will further drive housing out of that municipality. New housing is down -48% since the present mayor & council were elected. They have consistently raised fees including DCC’s (180%+), and Step Code 3 ($28,000). A recent residential project has been put on hold at University Heights which is a tale of delays and more costs initiated by Saanich.
Another core municipality Oak Bay continues to demand outrageous fees to its own detriment. They lost the opportunity to designate a heritage home by demanding hundreds of thousands of dollars in service upgrades including the home that was already serviced.
Without Langford & several other Westshore municipalities, the region would be in a deep hole.