According to CMHC, year- to-date, (Jan to March 2026) Greater Victoria has posted 692 new homes, a 12% increase from the 612 last year (Jan to March 2025). That said, CMHC reports only 132 housing starts in March 2026 in Greater Victoria. This is a 64% decline from 366 in March 2025 and a 13% decline from February 2026. From a national perspective, “CMHC chief economist Mathieu Laberge says the March data points to a continued loss of momentum i…
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