{
  "id": "homes-completed-vs-population",
  "parent": "housing-starts",
  "category": "Housing and homelessness",
  "title": "Homes completed compared with population growth, Greater Victoria",
  "geography": "Victoria census metropolitan area (Greater Victoria)",
  "scope": "region",
  "levels": [
    "Private builders",
    "Municipal and Provincial approvals and policy"
  ],
  "plain_question": "Each year, how many new homes were finished, and how many more people were living in the region?",
  "value": 3952,
  "display_value": "3,952",
  "unit": "homes completed in 2025",
  "period": "Calendar year 2025 (homes); July 1, 2024 to July 1, 2025 (population)",
  "period_start": "2025-01-01",
  "period_end": "2025-12-31",
  "comparison": {
    "previous_period": "2025",
    "previous_value": 3129,
    "change_percent": null
  },
  "since_text": "Residents added: +3,129 (July 2024 to July 2025)",
  "trend": "context",
  "trend_basis": "This page shows two numbers side by side and makes no judgement. 2022: 2,758 homes completed, +11,437 residents. 2023: 4,194 homes completed, +6,651 residents. 2024: 4,435 homes completed, +9,277 residents. 2025: 3,952 homes completed, +3,129 residents.",
  "direction_good": "up",
  "right_direction": "This page is for context, so it has no “better” or “worse” label and no target line. There is no official number of homes needed per new resident.",
  "caveats": [
    "Calculated here: completions are CMHC's monthly counts added up for each calendar year; residents added is the change in Statistics Canada's July 1 population estimate from one year to the next.",
    "The two periods do not line up exactly (calendar year for homes, July to July for population).",
    "Population estimates are revised, and the latest year is preliminary.",
    "Homes completed include all types and prices, from detached houses to rental apartments. Several people usually live in each home, so the two numbers are not expected to be equal."
  ],
  "charts": [
    {
      "title": "Homes completed and residents added each year",
      "fmt": "int",
      "unit": "",
      "lines": [
        {
          "name": "Homes completed (calendar year)",
          "area": "cma",
          "series": [
            {
              "period": "2011",
              "value": 1642
            },
            {
              "period": "2012",
              "value": 1591
            },
            {
              "period": "2013",
              "value": 1465
            },
            {
              "period": "2014",
              "value": 1813
            },
            {
              "period": "2015",
              "value": 1765
            },
            {
              "period": "2016",
              "value": 1787
            },
            {
              "period": "2017",
              "value": 2526
            },
            {
              "period": "2018",
              "value": 2668
            },
            {
              "period": "2019",
              "value": 3626
            },
            {
              "period": "2020",
              "value": 4044
            },
            {
              "period": "2021",
              "value": 3907
            },
            {
              "period": "2022",
              "value": 2758
            },
            {
              "period": "2023",
              "value": 4194
            },
            {
              "period": "2024",
              "value": 4435
            },
            {
              "period": "2025",
              "value": 3952
            }
          ]
        },
        {
          "name": "Residents added (July to July)",
          "area": "cma",
          "series": [
            {
              "period": "2011",
              "value": 1039
            },
            {
              "period": "2012",
              "value": 6240
            },
            {
              "period": "2013",
              "value": 6162
            },
            {
              "period": "2014",
              "value": 5496
            },
            {
              "period": "2015",
              "value": 4611
            },
            {
              "period": "2016",
              "value": 9754
            },
            {
              "period": "2017",
              "value": 5927
            },
            {
              "period": "2018",
              "value": 6382
            },
            {
              "period": "2019",
              "value": 6759
            },
            {
              "period": "2020",
              "value": 6030
            },
            {
              "period": "2021",
              "value": 4698
            },
            {
              "period": "2022",
              "value": 11437
            },
            {
              "period": "2023",
              "value": 6651
            },
            {
              "period": "2024",
              "value": 9277
            },
            {
              "period": "2025",
              "value": 3129
            }
          ]
        }
      ]
    }
  ],
  "calc": {
    "formula": "Homes completed in a year = sum of the 12 monthly completion counts. Residents added = population on July 1 of the year − population on July 1 of the year before.",
    "steps": [
      "2025: completions 3,952; population 441,961 → 445,090, so +3,129 residents."
    ],
    "inputs": [
      {
        "name": "Housing completions, all unit types, Victoria (monthly)",
        "agency": "CMHC, published by Statistics Canada",
        "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410015401",
        "dataset_url": "https://open.canada.ca/data/en/dataset/d0e77820-0bd2-4fcd-9098-17fb3283ae12",
        "table": "34-10-0154-01",
        "period": "2011 to 2025",
        "data_published": "2026-10-19",
        "licence": {
          "name": "CMHC Licence Agreement for the Use of Data",
          "url": "https://www.cmhc-schl.gc.ca/about-us/terms-conditions/hmip-terms-conditions",
          "also_listed_as": {
            "name": "Open Government Licence - Canada",
            "url": "https://open.canada.ca/en/open-government-licence-canada"
          }
        },
        "attribution": "Adapted from Canada Mortgage and Housing Corporation, Starts and Completions Survey. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product. Adapted from Statistics Canada, table 34-10-0154-01. This does not constitute an endorsement by Statistics Canada of this product."
      },
      {
        "name": "Population estimates, July 1, Victoria census metropolitan area",
        "agency": "Statistics Canada",
        "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710014801",
        "dataset_url": "https://open.canada.ca/data/en/dataset/e25aa5d6-8878-452b-8aa8-2e0f71b83e52",
        "table": "17-10-0148-01",
        "period": "2010 to 2025",
        "data_published": "2026-01-14",
        "licence": {
          "name": "Open Government Licence - Canada",
          "url": "https://open.canada.ca/en/open-government-licence-canada"
        },
        "attribution": "Adapted from Statistics Canada, table 17-10-0148-01. This does not constitute an endorsement by Statistics Canada of this product."
      }
    ]
  },
  "refresh_frequency": "Monthly (completions); annually (population)",
  "source": {
    "name": "Calculated here from CMHC, published by Statistics Canada and Statistics Canada data",
    "url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410015401",
    "dataset_url": "https://open.canada.ca/data/en/dataset/d0e77820-0bd2-4fcd-9098-17fb3283ae12"
  },
  "licence": {
    "name": "CMHC Licence Agreement for the Use of Data",
    "url": "https://www.cmhc-schl.gc.ca/about-us/terms-conditions/hmip-terms-conditions",
    "also_listed_as": {
      "name": "Open Government Licence - Canada",
      "url": "https://open.canada.ca/en/open-government-licence-canada"
    }
  },
  "derived": true,
  "retrieved_at": "2026-11-11T07:39:01Z",
  "data_published": "2026-10-19",
  "attribution": "Adapted from Canada Mortgage and Housing Corporation, Starts and Completions Survey. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product. Adapted from Statistics Canada, table 34-10-0154-01. This does not constitute an endorsement by Statistics Canada of this product. Adapted from Statistics Canada, table 17-10-0148-01. This does not constitute an endorsement by Statistics Canada of this product.",
  "series": [
    {
      "period": "2011",
      "value": 1642
    },
    {
      "period": "2012",
      "value": 1591
    },
    {
      "period": "2013",
      "value": 1465
    },
    {
      "period": "2014",
      "value": 1813
    },
    {
      "period": "2015",
      "value": 1765
    },
    {
      "period": "2016",
      "value": 1787
    },
    {
      "period": "2017",
      "value": 2526
    },
    {
      "period": "2018",
      "value": 2668
    },
    {
      "period": "2019",
      "value": 3626
    },
    {
      "period": "2020",
      "value": 4044
    },
    {
      "period": "2021",
      "value": 3907
    },
    {
      "period": "2022",
      "value": 2758
    },
    {
      "period": "2023",
      "value": 4194
    },
    {
      "period": "2024",
      "value": 4435
    },
    {
      "period": "2025",
      "value": 3952
    }
  ]
}