{
  "id": "homes-under-construction",
  "category": "Housing and homelessness",
  "title": "Homes under construction in Greater Victoria",
  "geography": "Victoria census metropolitan area (Greater Victoria)",
  "scope": "region",
  "levels": [
    "Builders and lenders",
    "Municipal councils (zoning and permits)"
  ],
  "plain_question": "How many homes are being built right now?",
  "value": 8866,
  "display_value": "8,866",
  "unit": "homes under construction, 12-month average",
  "period": "12 months to September 2026",
  "period_start": "2025-10",
  "period_end": "2026-09",
  "comparison": {
    "previous_period": "12 months to September 2025",
    "previous_value": 8298,
    "change_percent": 6.8
  },
  "trend": "improving",
  "trend_basis": "Average of the latest 12 monthly counts: 8,866, against 8,298 for the 12 months before. September 2026: 9,353 (8,637 a year earlier).",
  "direction_good": "up",
  "right_direction": "More homes under construction means more housing on the way. It reads like housing starts, in the same family (brief rule C7).",
  "since_text": "September 2026: 9,353 homes under construction, 8,345 of them apartments and other unit types.",
  "caveats": [
    "CMHC counts a home as under construction from its start until it is completed.",
    "The headline averages the latest 12 monthly counts (brief rule C3). The latest month is shown as a line.",
    "Apartments take longer to build than houses, so a rise can mean more homes or slower building."
  ],
  "charts": [
    {
      "title": "Homes under construction, Greater Victoria",
      "fmt": "int",
      "unit": "homes",
      "lines": [
        {
          "name": "All homes",
          "area": "cma",
          "series": [
            {
              "period": "2021-09",
              "value": 5080.0
            },
            {
              "period": "2021-10",
              "value": 5189.0
            },
            {
              "period": "2021-11",
              "value": 5352.0
            },
            {
              "period": "2021-12",
              "value": 5517.0
            },
            {
              "period": "2022-01",
              "value": 5880.0
            },
            {
              "period": "2022-02",
              "value": 6052.0
            },
            {
              "period": "2022-03",
              "value": 5877.0
            },
            {
              "period": "2022-04",
              "value": 5981.0
            },
            {
              "period": "2022-05",
              "value": 6139.0
            },
            {
              "period": "2022-06",
              "value": 6105.0
            },
            {
              "period": "2022-07",
              "value": 6679.0
            },
            {
              "period": "2022-08",
              "value": 6838.0
            },
            {
              "period": "2022-09",
              "value": 6924.0
            },
            {
              "period": "2022-10",
              "value": 7444.0
            },
            {
              "period": "2022-11",
              "value": 7776.0
            },
            {
              "period": "2022-12",
              "value": 7733.0
            },
            {
              "period": "2023-01",
              "value": 7946.0
            },
            {
              "period": "2023-02",
              "value": 7519.0
            },
            {
              "period": "2023-03",
              "value": 7710.0
            },
            {
              "period": "2023-04",
              "value": 7348.0
            },
            {
              "period": "2023-05",
              "value": 7212.0
            },
            {
              "period": "2023-06",
              "value": 7450.0
            },
            {
              "period": "2023-07",
              "value": 7762.0
            },
            {
              "period": "2023-08",
              "value": 7628.0
            },
            {
              "period": "2023-09",
              "value": 7743.0
            },
            {
              "period": "2023-10",
              "value": 7849.0
            },
            {
              "period": "2023-11",
              "value": 8021.0
            },
            {
              "period": "2023-12",
              "value": 8393.0
            },
            {
              "period": "2024-01",
              "value": 8128.0
            },
            {
              "period": "2024-02",
              "value": 8099.0
            },
            {
              "period": "2024-03",
              "value": 8003.0
            },
            {
              "period": "2024-04",
              "value": 8335.0
            },
            {
              "period": "2024-05",
              "value": 8111.0
            },
            {
              "period": "2024-06",
              "value": 7868.0
            },
            {
              "period": "2024-07",
              "value": 8150.0
            },
            {
              "period": "2024-08",
              "value": 7831.0
            },
            {
              "period": "2024-09",
              "value": 7776.0
            },
            {
              "period": "2024-10",
              "value": 7914.0
            },
            {
              "period": "2024-11",
              "value": 7893.0
            },
            {
              "period": "2024-12",
              "value": 7926.0
            },
            {
              "period": "2025-01",
              "value": 7967.0
            },
            {
              "period": "2025-02",
              "value": 7778.0
            },
            {
              "period": "2025-03",
              "value": 8005.0
            },
            {
              "period": "2025-04",
              "value": 8140.0
            },
            {
              "period": "2025-05",
              "value": 8176.0
            },
            {
              "period": "2025-06",
              "value": 8666.0
            },
            {
              "period": "2025-07",
              "value": 9042.0
            },
            {
              "period": "2025-08",
              "value": 9432.0
            },
            {
              "period": "2025-09",
              "value": 8637.0
            },
            {
              "period": "2025-10",
              "value": 8896.0
            },
            {
              "period": "2025-11",
              "value": 8757.0
            },
            {
              "period": "2025-12",
              "value": 8789.0
            },
            {
              "period": "2026-01",
              "value": 8821.0
            },
            {
              "period": "2026-02",
              "value": 8609.0
            },
            {
              "period": "2026-03",
              "value": 8427.0
            },
            {
              "period": "2026-04",
              "value": 9262.0
            },
            {
              "period": "2026-05",
              "value": 9148.0
            },
            {
              "period": "2026-06",
              "value": 9015.0
            },
            {
              "period": "2026-07",
              "value": 8747.0
            },
            {
              "period": "2026-08",
              "value": 8565.0
            },
            {
              "period": "2026-09",
              "value": 9353.0
            }
          ]
        },
        {
          "name": "Apartments and other unit types",
          "area": "cma",
          "series": [
            {
              "period": "2021-09",
              "value": 3836.0
            },
            {
              "period": "2021-10",
              "value": 3959.0
            },
            {
              "period": "2021-11",
              "value": 4152.0
            },
            {
              "period": "2021-12",
              "value": 4240.0
            },
            {
              "period": "2022-01",
              "value": 4596.0
            },
            {
              "period": "2022-02",
              "value": 4762.0
            },
            {
              "period": "2022-03",
              "value": 4619.0
            },
            {
              "period": "2022-04",
              "value": 4681.0
            },
            {
              "period": "2022-05",
              "value": 4869.0
            },
            {
              "period": "2022-06",
              "value": 4892.0
            },
            {
              "period": "2022-07",
              "value": 5504.0
            },
            {
              "period": "2022-08",
              "value": 5655.0
            },
            {
              "period": "2022-09",
              "value": 5655.0
            },
            {
              "period": "2022-10",
              "value": 6200.0
            },
            {
              "period": "2022-11",
              "value": 6559.0
            },
            {
              "period": "2022-12",
              "value": 6549.0
            },
            {
              "period": "2023-01",
              "value": 6859.0
            },
            {
              "period": "2023-02",
              "value": 6486.0
            },
            {
              "period": "2023-03",
              "value": 6733.0
            },
            {
              "period": "2023-04",
              "value": 6382.0
            },
            {
              "period": "2023-05",
              "value": 6239.0
            },
            {
              "period": "2023-06",
              "value": 6507.0
            },
            {
              "period": "2023-07",
              "value": 6788.0
            },
            {
              "period": "2023-08",
              "value": 6737.0
            },
            {
              "period": "2023-09",
              "value": 6869.0
            },
            {
              "period": "2023-10",
              "value": 6940.0
            },
            {
              "period": "2023-11",
              "value": 7095.0
            },
            {
              "period": "2023-12",
              "value": 7481.0
            },
            {
              "period": "2024-01",
              "value": 7213.0
            },
            {
              "period": "2024-02",
              "value": 7186.0
            },
            {
              "period": "2024-03",
              "value": 7043.0
            },
            {
              "period": "2024-04",
              "value": 7373.0
            },
            {
              "period": "2024-05",
              "value": 7207.0
            },
            {
              "period": "2024-06",
              "value": 7004.0
            },
            {
              "period": "2024-07",
              "value": 7301.0
            },
            {
              "period": "2024-08",
              "value": 7025.0
            },
            {
              "period": "2024-09",
              "value": 6926.0
            },
            {
              "period": "2024-10",
              "value": 7069.0
            },
            {
              "period": "2024-11",
              "value": 7017.0
            },
            {
              "period": "2024-12",
              "value": 7045.0
            },
            {
              "period": "2025-01",
              "value": 7073.0
            },
            {
              "period": "2025-02",
              "value": 6901.0
            },
            {
              "period": "2025-03",
              "value": 7118.0
            },
            {
              "period": "2025-04",
              "value": 7193.0
            },
            {
              "period": "2025-05",
              "value": 7245.0
            },
            {
              "period": "2025-06",
              "value": 7665.0
            },
            {
              "period": "2025-07",
              "value": 7991.0
            },
            {
              "period": "2025-08",
              "value": 8329.0
            },
            {
              "period": "2025-09",
              "value": 7567.0
            },
            {
              "period": "2025-10",
              "value": 7811.0
            },
            {
              "period": "2025-11",
              "value": 7660.0
            },
            {
              "period": "2025-12",
              "value": 7719.0
            },
            {
              "period": "2026-01",
              "value": 7737.0
            },
            {
              "period": "2026-02",
              "value": 7536.0
            },
            {
              "period": "2026-03",
              "value": 7380.0
            },
            {
              "period": "2026-04",
              "value": 8191.0
            },
            {
              "period": "2026-05",
              "value": 8098.0
            },
            {
              "period": "2026-06",
              "value": 7969.0
            },
            {
              "period": "2026-07",
              "value": 7767.0
            },
            {
              "period": "2026-08",
              "value": 7586.0
            },
            {
              "period": "2026-09",
              "value": 8345.0
            }
          ]
        }
      ]
    }
  ],
  "series": [
    {
      "period": "2021-09",
      "value": 5080.0
    },
    {
      "period": "2021-10",
      "value": 5189.0
    },
    {
      "period": "2021-11",
      "value": 5352.0
    },
    {
      "period": "2021-12",
      "value": 5517.0
    },
    {
      "period": "2022-01",
      "value": 5880.0
    },
    {
      "period": "2022-02",
      "value": 6052.0
    },
    {
      "period": "2022-03",
      "value": 5877.0
    },
    {
      "period": "2022-04",
      "value": 5981.0
    },
    {
      "period": "2022-05",
      "value": 6139.0
    },
    {
      "period": "2022-06",
      "value": 6105.0
    },
    {
      "period": "2022-07",
      "value": 6679.0
    },
    {
      "period": "2022-08",
      "value": 6838.0
    },
    {
      "period": "2022-09",
      "value": 6924.0
    },
    {
      "period": "2022-10",
      "value": 7444.0
    },
    {
      "period": "2022-11",
      "value": 7776.0
    },
    {
      "period": "2022-12",
      "value": 7733.0
    },
    {
      "period": "2023-01",
      "value": 7946.0
    },
    {
      "period": "2023-02",
      "value": 7519.0
    },
    {
      "period": "2023-03",
      "value": 7710.0
    },
    {
      "period": "2023-04",
      "value": 7348.0
    },
    {
      "period": "2023-05",
      "value": 7212.0
    },
    {
      "period": "2023-06",
      "value": 7450.0
    },
    {
      "period": "2023-07",
      "value": 7762.0
    },
    {
      "period": "2023-08",
      "value": 7628.0
    },
    {
      "period": "2023-09",
      "value": 7743.0
    },
    {
      "period": "2023-10",
      "value": 7849.0
    },
    {
      "period": "2023-11",
      "value": 8021.0
    },
    {
      "period": "2023-12",
      "value": 8393.0
    },
    {
      "period": "2024-01",
      "value": 8128.0
    },
    {
      "period": "2024-02",
      "value": 8099.0
    },
    {
      "period": "2024-03",
      "value": 8003.0
    },
    {
      "period": "2024-04",
      "value": 8335.0
    },
    {
      "period": "2024-05",
      "value": 8111.0
    },
    {
      "period": "2024-06",
      "value": 7868.0
    },
    {
      "period": "2024-07",
      "value": 8150.0
    },
    {
      "period": "2024-08",
      "value": 7831.0
    },
    {
      "period": "2024-09",
      "value": 7776.0
    },
    {
      "period": "2024-10",
      "value": 7914.0
    },
    {
      "period": "2024-11",
      "value": 7893.0
    },
    {
      "period": "2024-12",
      "value": 7926.0
    },
    {
      "period": "2025-01",
      "value": 7967.0
    },
    {
      "period": "2025-02",
      "value": 7778.0
    },
    {
      "period": "2025-03",
      "value": 8005.0
    },
    {
      "period": "2025-04",
      "value": 8140.0
    },
    {
      "period": "2025-05",
      "value": 8176.0
    },
    {
      "period": "2025-06",
      "value": 8666.0
    },
    {
      "period": "2025-07",
      "value": 9042.0
    },
    {
      "period": "2025-08",
      "value": 9432.0
    },
    {
      "period": "2025-09",
      "value": 8637.0
    },
    {
      "period": "2025-10",
      "value": 8896.0
    },
    {
      "period": "2025-11",
      "value": 8757.0
    },
    {
      "period": "2025-12",
      "value": 8789.0
    },
    {
      "period": "2026-01",
      "value": 8821.0
    },
    {
      "period": "2026-02",
      "value": 8609.0
    },
    {
      "period": "2026-03",
      "value": 8427.0
    },
    {
      "period": "2026-04",
      "value": 9262.0
    },
    {
      "period": "2026-05",
      "value": 9148.0
    },
    {
      "period": "2026-06",
      "value": 9015.0
    },
    {
      "period": "2026-07",
      "value": 8747.0
    },
    {
      "period": "2026-08",
      "value": 8565.0
    },
    {
      "period": "2026-09",
      "value": 9353.0
    }
  ],
  "refresh_frequency": "Monthly",
  "data_published": "2026-10-19",
  "source": {
    "name": "CMHC Starts and Completions Survey, published by Statistics Canada, table 34-10-0154-01",
    "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_url": "https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3410015401",
    "table": "34-10-0154-01",
    "publisher_page": "https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data",
    "locator": "Table 34-10-0154-01: Victoria, British Columbia, Housing under construction, Total units, September 2026"
  },
  "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"
    },
    "note": "The open.canada.ca record lists this table under the Open Government Licence - Canada; the Statistics Canada table footnote says CMHC's licence governs. Both allow free reuse with attribution."
  },
  "attribution": "Adapted from Canada Mortgage and Housing Corporation, Starts and Completions Survey, housing under construction. 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.",
  "retrieved_at": "2026-11-12T06:09:51Z",
  "derived_figures": [
    {
      "what": "12-month average",
      "formula": "mean of the latest 12 monthly counts",
      "inputs": {
        "2025-10": 8896.0,
        "2025-11": 8757.0,
        "2025-12": 8789.0,
        "2026-01": 8821.0,
        "2026-02": 8609.0,
        "2026-03": 8427.0,
        "2026-04": 9262.0,
        "2026-05": 9148.0,
        "2026-06": 9015.0,
        "2026-07": 8747.0,
        "2026-08": 8565.0,
        "2026-09": 9353.0
      },
      "result": 8866
    },
    {
      "what": "12-month average a year earlier",
      "formula": "mean of the 12 monthly counts before those",
      "inputs": {
        "2024-10": 7914.0,
        "2024-11": 7893.0,
        "2024-12": 7926.0,
        "2025-01": 7967.0,
        "2025-02": 7778.0,
        "2025-03": 8005.0,
        "2025-04": 8140.0,
        "2025-05": 8176.0,
        "2025-06": 8666.0,
        "2025-07": 9042.0,
        "2025-08": 9432.0,
        "2025-09": 8637.0
      },
      "result": 8298
    },
    {
      "what": "12-month average five years earlier (brief v3.2 A4)",
      "formula": "mean of the 12 monthly counts ending five years before the latest month",
      "inputs": {
        "2020-10": 5272.0,
        "2020-11": 5307.0,
        "2020-12": 4730.0,
        "2021-01": 4705.0,
        "2021-02": 4696.0,
        "2021-03": 4881.0,
        "2021-04": 4990.0,
        "2021-05": 4971.0,
        "2021-06": 4495.0,
        "2021-07": 4937.0,
        "2021-08": 5190.0,
        "2021-09": 5080.0
      },
      "result": 4938
    }
  ],
  "five_compare": {
    "period": "12 months to September 2021",
    "value": 4938,
    "basis": "12-month average, same table"
  },
  "licence_type": "open",
  "source_tier": 1,
  "measure_kind": "outcome",
  "better_measure": null,
  "status_rule": {
    "rule": "One rule for every measure: a change smaller than 5% of the earlier value, or smaller than the agency's own margin of error, is “About the same”; no change is calculated across a marked break in a series; homelessness estimates, prices, staffing and comparison pages are shown for context without a label.",
    "reason": "The change is 6.8% of the earlier value, at or above the 5% threshold.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "12 months to September 2025",
      "value": 8298,
      "text": "vs Sep 2025: +6.8%"
    },
    "five_year": {
      "period": "12 months to September 2021",
      "value": 4938,
      "comparable": true,
      "rel": 79.54637505062779,
      "text": "vs 12 months to September 2021: +79.5%"
    }
  },
  "direction": {
    "type": "outcome",
    "rule": "Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series.",
    "key": "better",
    "label": "Better",
    "arrow": "▲",
    "rel": 6.8,
    "delta": null,
    "vs": "12 months to September 2025",
    "cur": "12 months to September 2026",
    "why": "The change is 6.8% of the earlier value, at or above the 5% threshold.",
    "change": "6.8%",
    "one_year": "+6.8%",
    "five": {
      "period": "12 months to September 2021",
      "comparable": true,
      "rel": 79.54637505062779,
      "text": "+79.5%",
      "years": 5
    }
  },
  "decided_by": [
    {
      "body": "MUN",
      "name": "Municipal councils of Greater Victoria (13)",
      "decides": "Each council decides zoning and approves new housing in its own area.",
      "laws": [
        {
          "key": "lga479",
          "label": "Local Government Act, s. 479",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/r15001_14#section479"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "BC",
      "name": "Province of B.C.",
      "decides": "Can set housing targets for a municipality.",
      "laws": [
        {
          "key": "hsa2",
          "label": "Housing Supply Act, s. 2",
          "url": "https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/22038#section2"
        }
      ],
      "last": null,
      "next": null
    },
    {
      "body": "CAN",
      "name": "Government of Canada and Parliament",
      "decides": "Finances and insures housing loans through Canada Mortgage and Housing Corporation.",
      "laws": [
        {
          "key": "nha3",
          "label": "National Housing Act, s. 3",
          "url": "https://laws-lois.justice.gc.ca/eng/acts/N-11/FullText.html"
        }
      ],
      "last": null,
      "next": null
    }
  ],
  "main_decision_maker": "Municipal councils of Greater Victoria (13)"
}