Below-market and family-size homes
Calculated herePublic, not open-licensedArea: City of Victoria October 1, 2024 to September 30, 2025 · Where this covers · How we calculated this
195 below-market net new homes (year 2)
For context
Since Oct 2023: 363 below-market and 181 with 3+ bedrooms, of 2,359 net new
Source: Calculated here from City of Victoria reports to the Province, Oct 1, 2024 to Sep 30, 2025 · How we calculated this
What it measures
Of the net new homes reported against the provincial target, how many were below-market rentals and how many had three or more bedrooms.
Why it matters
The type of home matters as well as the number: families need more bedrooms, and many households need rents below market.
Over time
Net new homes by category, each reporting year
- Below-market rental: 195 homes (Sep 2025)
- Three or more bedrooms: 109 homes (Sep 2025)
Reading this page
Shown for context, without a “better” or “worse” label. The Province has not set a separate target for these categories. Year 2: 195 of 882 net new homes were below-market rentals and 109 had three or more bedrooms. Since October 2023: 363 below-market and 181 with three or more bedrooms, out of 2,359 net new homes (15% and 8%). The rules.
How we calculated this
Calculated herePublic, not open-licensed This figure is not published by an agency as is. It is calculated here, by script, from the public data listed below. It belongs with Net new homes vs the provincial target.
Formula
Family-size = net new three-bedroom + net new four-or-more-bedroom homes. Shares = category ÷ all net new homes since October 2023.
With the latest numbers
- Year 1: below-market 168; three-bedroom 59 + four-or-more 13 = 72.
- Year 2: below-market 195; three-bedroom 51 + four-or-more 58 = 109.
Inputs
Housing Target Progress Report, City of Victoria, year 1
- Published by
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period used
- Year 1 (to Sep 30, 2024)
- Licence
- Public data, not under an open licence. Used with attribution. Agency’s terms of use
- Latest release
- not stated
Housing Target Progress Report, City of Victoria, year 2
- Published by
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period used
- Year 2 (to Sep 30, 2025)
- Licence
- Public data, not under an open licence. Used with attribution. Agency’s terms of use
- Latest release
- not stated
Keep in mind
- Categories follow the Province's progress report form. “Below market” means rents below the local market rent as defined in the Province's guidelines.
- Family-size here means three or more bedrooms (three-bedroom plus four-or-more-bedroom rows of the report).
- Counts are net of demolitions in each category.
Retrieved Nov 11, 2026, 1:35 AM B.C. time. This page’s data and calculation (JSON).
Source
- Calculated here from
- City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Licences
- Public data, not under an open licence. Used with attribution. Terms: City of Victoria report to the B.C. Ministry of Housing, published by the Province
- Period
- October 1, 2024 to September 30, 2025
- Updated
- Annually (reporting year ends September 30)
- Retrieved
- Nov 11, 2026, 1:35 AM B.C. time
- Details
- Formula and every input
Text checked in the agency’s document
The script reads the agency’s own document each time and refuses to show a number unless this text is found.
Year 1 report: Total 1536 59 1477 1477 | Below Market3 183 15 168 168 | Three Bedroom 67 8 59 59 | Four or More Bedroom1 14 1 13 13
Year 2 report: Total 911 29 882 2,359 | Below Market3 - Total 195 0 195 363 | Three Bedroom 60 9 51 110 | Four or More Bedroom1 58 0 58 71
Show the numbers as a table
| Period | Below-market rental | Three or more bedrooms |
|---|---|---|
| 2025-09 | 195 | 109 |
| 2024-09 | 168 | 72 |
Where this covers
Area: City of Victoria
The City of Victoria municipality only, all neighbourhoods.
Included
- All City of Victoria neighbourhoods, including Downtown, James Bay, Fairfield, Fernwood, Oaklands, Hillside/Quadra, North Park, Burnside, Victoria West, Rockland, Jubilee and Gonzales
Not included
- Saanich, Oak Bay, Esquimalt, Langford and every other municipality in the region
Official definition
How the agency describes it: City of Victoria (municipality).
Connected to: Provincial and federal housing programs, Municipal (approvals and zoning), Non-profit and private builders. This is a label, not a judgement.