Homes completed vs population growth
Calculated hereArea: Greater Victoria (CMA) Calendar year 2025 (homes); July 1, 2024 to July 1, 2025 (population) · Where this covers · How we calculated this
3,952 homes completed
For context
Residents added: +3,129 (July 2024 to July 2025)
Source: Calculated here from CMHC and Statistics Canada data, 2025 · How we calculated this
What it measures
Two numbers for each year: how many new homes were finished in Greater Victoria, and how many more people lived in the region than a year earlier.
Why it matters
Housing pressure depends on both supply and the number of people looking for a home. Seeing them side by side helps explain rents and prices. There is no official target, so none is drawn.
Over time
Homes completed and residents added each year
- Homes completed (calendar year): 3,952 (2025)
- Residents added (July to July): 3,129 (2025)
Reading this page
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. 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. The rules.
How we calculated this
Calculated here 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 New homes started, last 12 months.
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.
With the latest numbers
- 2025: completions 3,952; population 441,961 → 445,090, so +3,129 residents.
Inputs
Housing completions, all unit types, Victoria (monthly)
- Published by
- CMHC, published by Statistics Canada
- Period used
- 2011 to 2025
- Licence
- CMHC Licence Agreement for the Use of Data; also listed as Open Government Licence - Canada
- Latest release
- Oct 19, 2026
Population estimates, July 1, Victoria census metropolitan area
- Published by
- Statistics Canada
- Period used
- 2010 to 2025
- Latest release
- Jan 14, 2026
Keep in mind
- 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.
Retrieved Nov 11, 2026, 12:39 AM B.C. time. This page’s data and calculation (JSON).
Source
- Calculated here from
- CMHC, published by Statistics Canada, Statistics Canada
- Licences
- CMHC Licence Agreement for the Use of Data; also listed as Open Government Licence - Canada; Open Government Licence - Canada
- Period
- Calendar year 2025 (homes); July 1, 2024 to July 1, 2025 (population)
- Updated
- Monthly (completions); annually (population)
- Retrieved
- Nov 11, 2026, 12:39 AM B.C. time
- Details
- Formula and every input
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.
Show the numbers as a table
| Period | Homes completed (calendar year) | Residents added (July to July) |
|---|---|---|
| 2025 | 3,952 | 3,129 |
| 2024 | 4,435 | 9,277 |
| 2023 | 4,194 | 6,651 |
| 2022 | 2,758 | 11,437 |
| 2021 | 3,907 | 4,698 |
| 2020 | 4,044 | 6,030 |
| 2019 | 3,626 | 6,759 |
| 2018 | 2,668 | 6,382 |
| 2017 | 2,526 | 5,927 |
| 2016 | 1,787 | 9,754 |
| 2015 | 1,765 | 4,611 |
| 2014 | 1,813 | 5,496 |
| 2013 | 1,465 | 6,162 |
| 2012 | 1,591 | 6,240 |
| 2011 | 1,642 | 1,039 |
Where this covers
Area: Greater Victoria (CMA)
Statistics Canada’s Victoria metropolitan area: 13 municipalities plus nearby electoral-area and reserve lands.
Included
- Victoria
- Saanich
- Oak Bay
- Esquimalt
- View Royal
- Langford
- Colwood
- Highlands
- Metchosin
- Sooke
- Central Saanich
- North Saanich
- Sidney
- Juan de Fuca electoral area, part 1 (for example East Sooke, Jordan River and Shirley)
- First Nations reserves: Cole Bay 3, Union Bay 4, East Saanich 2, South Saanich 1, Becher Bay 1, Esquimalt, New Songhees 1A and T'Sou-ke
Not included
- Salt Spring Island
- Southern Gulf Islands (Galiano, Mayne, Pender and Saturna islands)
- Port Renfrew area (Juan de Fuca electoral area, part 2)
Official definition
How the agency describes it: Victoria census metropolitan area (Greater Victoria).
Connected to: Private builders, Municipal and Provincial approvals and policy. This is a label, not a judgement.