{
  "id": "homes-completed-vs-population",
  "parent": "housing-starts",
  "category": "Housing and homelessness",
  "title": "Homes completed for every 100 residents added, Greater Victoria",
  "geography": "Victoria census metropolitan area (Greater Victoria)",
  "scope": "region",
  "levels": [
    "Private builders",
    "Municipal and Provincial approvals and policy"
  ],
  "plain_question": "Over the last five years, how many new homes were finished for every 100 people added to the region?",
  "value": 55,
  "display_value": "55",
  "unit": "homes completed per 100 residents added, 2021 to 2025",
  "period": "2021 to 2025 (homes by calendar year; residents July 2020 to July 2025)",
  "period_start": "2021-01-01",
  "period_end": "2025-12-31",
  "comparison": {
    "previous_period": "2020 to 2024",
    "previous_value": 51,
    "change_percent": null
  },
  "since_text": "2021 to 2025: 19,246 homes completed, +35,192 residents. Latest year alone, 2025: 3,952 homes, +3,129 residents (126 per 100).",
  "trend": "improving",
  "trend_basis": "2021: 3,907 homes completed, +4,698 residents. 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": "More homes completed is better, read under the same rule as new homes started. There is no official number of homes needed per new resident, so no target line is drawn.",
  "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. Five years of each are added up before dividing, so one unusual year does not swing the figure.",
    "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.",
    "The yearly chart starts in 2002, the first year with a population change on 2021 Census boundaries (Statistics Canada table 17-10-0148-01 starts in 2001). Completions follow the metropolitan area as Statistics Canada redraws it every five years, so years far apart are not strictly comparable."
  ],
  "charts": [
    {
      "title": "Homes completed per 100 residents added, five years to each year",
      "fmt": "int",
      "unit": "",
      "lines": [
        {
          "name": "Per 100 residents added, five years to the year shown",
          "area": "cma",
          "series": [
            {
              "period": "2006",
              "value": 60
            },
            {
              "period": "2007",
              "value": 66
            },
            {
              "period": "2008",
              "value": 70
            },
            {
              "period": "2009",
              "value": 68
            },
            {
              "period": "2010",
              "value": 68
            },
            {
              "period": "2011",
              "value": 81
            },
            {
              "period": "2012",
              "value": 58
            },
            {
              "period": "2013",
              "value": 44
            },
            {
              "period": "2014",
              "value": 38
            },
            {
              "period": "2015",
              "value": 35
            },
            {
              "period": "2016",
              "value": 26
            },
            {
              "period": "2017",
              "value": 29
            },
            {
              "period": "2018",
              "value": 33
            },
            {
              "period": "2019",
              "value": 37
            },
            {
              "period": "2020",
              "value": 42
            },
            {
              "period": "2021",
              "value": 56
            },
            {
              "period": "2022",
              "value": 48
            },
            {
              "period": "2023",
              "value": 52
            },
            {
              "period": "2024",
              "value": 51
            },
            {
              "period": "2025",
              "value": 55
            }
          ]
        }
      ]
    },
    {
      "title": "Homes completed and residents added each year",
      "fmt": "int",
      "unit": "",
      "lines": [
        {
          "name": "Homes completed (calendar year)",
          "area": "cma",
          "series": [
            {
              "period": "2002",
              "value": 1299
            },
            {
              "period": "2003",
              "value": 1449
            },
            {
              "period": "2004",
              "value": 1867
            },
            {
              "period": "2005",
              "value": 1873
            },
            {
              "period": "2006",
              "value": 2045
            },
            {
              "period": "2007",
              "value": 2141
            },
            {
              "period": "2008",
              "value": 2149
            },
            {
              "period": "2009",
              "value": 2463
            },
            {
              "period": "2010",
              "value": 1784
            },
            {
              "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": "2002",
              "value": 2250
            },
            {
              "period": "2003",
              "value": 2317
            },
            {
              "period": "2004",
              "value": 2223
            },
            {
              "period": "2005",
              "value": 3275
            },
            {
              "period": "2006",
              "value": 4048
            },
            {
              "period": "2007",
              "value": 2316
            },
            {
              "period": "2008",
              "value": 2458
            },
            {
              "period": "2009",
              "value": 3671
            },
            {
              "period": "2010",
              "value": 3090
            },
            {
              "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 per 100 residents added = 100 × (homes completed in the five calendar years) ÷ (residents added over the same five years). Homes completed in a year = sum of the 12 monthly completion counts. Residents added in a year = population on July 1 of the year − population on July 1 of the year before.",
    "steps": [
      "2021 to 2025: 3,907 + 2,758 + 4,194 + 4,435 + 3,952 = 19,246 homes.",
      "Residents added: 4,698 + 11,437 + 6,651 + 9,277 + 3,129 = 35,192 (population 409,898 on July 1, 2020 to 445,090 on July 1, 2025).",
      "100 × 19,246 ÷ 35,192 = 54.7, shown as 55."
    ],
    "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": "2002 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": "2001 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)",
  "derived_figures": {
    "homes_5y": 19246,
    "residents_5y": 35192,
    "latest_year": "2025",
    "latest_homes": 3952,
    "latest_residents": 3129,
    "latest_per_100": 126
  },
  "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",
    "locator": "Statistics Canada tables 34-10-0154-01 (completions, Victoria) and 17-10-0148-01 (population, Victoria CMA)"
  },
  "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": "2026-11-12T03:01:07Z",
  "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": "2006",
      "value": 60
    },
    {
      "period": "2007",
      "value": 66
    },
    {
      "period": "2008",
      "value": 70
    },
    {
      "period": "2009",
      "value": 68
    },
    {
      "period": "2010",
      "value": 68
    },
    {
      "period": "2011",
      "value": 81
    },
    {
      "period": "2012",
      "value": 58
    },
    {
      "period": "2013",
      "value": 44
    },
    {
      "period": "2014",
      "value": 38
    },
    {
      "period": "2015",
      "value": 35
    },
    {
      "period": "2016",
      "value": 26
    },
    {
      "period": "2017",
      "value": 29
    },
    {
      "period": "2018",
      "value": 33
    },
    {
      "period": "2019",
      "value": 37
    },
    {
      "period": "2020",
      "value": 42
    },
    {
      "period": "2021",
      "value": 56
    },
    {
      "period": "2022",
      "value": 48
    },
    {
      "period": "2023",
      "value": 52
    },
    {
      "period": "2024",
      "value": 51
    },
    {
      "period": "2025",
      "value": 55
    }
  ],
  "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 7.8% of the earlier value, at or above the 5% threshold.",
    "threshold_percent": 5.0
  },
  "changes": {
    "year": {
      "period": "2020 to 2024",
      "value": 51,
      "text": "vs 2020 to 2024: +7.8%"
    },
    "five_year": {
      "period": "2019",
      "years": 6,
      "value": 37,
      "comparable": true,
      "text": "vs 2019: +48.6%"
    }
  },
  "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": 7.8431372549019605,
    "delta": null,
    "vs": "2020 to 2024",
    "cur": "2021 to 2025 (homes by calendar year; residents July 2020 to July 2025)",
    "why": "The change is 7.8% of the earlier value, at or above the 5% threshold.",
    "change": "7.8%",
    "one_year": "+7.8%",
    "five": {
      "period": "2019",
      "comparable": true,
      "rel": 48.64864864864865,
      "years": 6,
      "base_2019": true,
      "replaced": "2020",
      "text": "+48.6%"
    },
    "five_replaced": {
      "period": "2020",
      "text": "+31.0%"
    }
  },
  "benchmark": {
    "rung": 2,
    "rung_name": "Higher government target or benchmark",
    "as_of": "2026-11-12",
    "items": [
      {
        "kind": "related",
        "label": "Related target",
        "text": "Related targets, not drawn: the Province has made a housing target order, under the Housing Supply Act, for 10 of the 13 municipalities in Greater Victoria (all but Sooke, Metchosin and Highlands). Each order sets a minimum number of net new homes to be completed in that municipality over five years, at 75% of the estimated housing need. The ten targets add up to 16,923 homes (added here). They are not drawn on this page: no order covers the whole region, the orders start in different years (2023, 2024 and 2025), and they count net new homes in one municipality (homes completed minus homes demolished), while this page counts homes completed across the region for every 100 residents added.",
        "area": "10 of the 13 municipalities in Greater Victoria",
        "source": {
          "title": "Housing target orders (list of orders, with a link to each)",
          "publisher": "Province of B.C.",
          "date": "page updated August 29, 2025",
          "url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/orders",
          "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "refresh": "When the Province makes or changes an order",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "hto_orders"
        },
        "documents_checked": [
          {
            "title": "Housing target orders (list of orders, with a link to each)",
            "publisher": "Province of B.C.",
            "date": "page updated August 29, 2025",
            "url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/orders",
            "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
            "refresh": "When the Province makes or changes an order",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "hto_orders"
          },
          {
            "title": "Targets released for 10 municipalities to deliver more homes for people (release 2023HOUS0123-001505)",
            "publisher": "Province of B.C.",
            "date": "September 26, 2023",
            "url": "https://archive.news.gov.bc.ca/releases/news_releases_2020-2024/2023HOUS0123-001505.htm",
            "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
            "refresh": "Not updated: a dated release",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "hto_rel_g1"
          },
          {
            "title": "More than 4,000 homes built for people, thousands more on the way through housing targets (release 2024HOUS0113-001012)",
            "publisher": "Province of B.C.",
            "date": "June 26, 2024",
            "url": "https://news.gov.bc.ca/releases/2024HOUS0113-001012",
            "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
            "refresh": "Not updated: a dated release",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "hto_rel_g2"
          },
          {
            "title": "Thousands of homes on the way through housing targets in more communities (release 2024HOUS0135-001218)",
            "publisher": "Province of B.C.",
            "date": "July 30, 2024",
            "url": "https://news.gov.bc.ca/releases/2024HOUS0135-001218",
            "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
            "refresh": "Not updated: a dated release",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "hto_rel_g3"
          },
          {
            "title": "New housing targets will bring thousands more homes (release 2025HMA0065-000778)",
            "publisher": "Province of B.C.",
            "date": "August 21, 2025",
            "url": "https://news.gov.bc.ca/releases/2025HMA0065-000778",
            "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
            "refresh": "Not updated: a dated release",
            "licence": "Public document, not under an open licence. Quoted with attribution.",
            "checked": "2026-11-12",
            "key": "hto_rel_g4"
          }
        ],
        "table": {
          "caption": "Housing target orders in Greater Victoria",
          "head": [
            "Municipality, and when its target was announced",
            "Net new homes over five years"
          ],
          "rows": [
            [
              [
                "Victoria",
                "September 2023"
              ],
              "4,902"
            ],
            [
              [
                "Saanich",
                "September 2023"
              ],
              "4,610"
            ],
            [
              [
                "Oak Bay",
                "September 2023"
              ],
              "664"
            ],
            [
              [
                "Central Saanich",
                "June 2024"
              ],
              "588"
            ],
            [
              [
                "Esquimalt",
                "June 2024"
              ],
              "754"
            ],
            [
              [
                "Sidney",
                "June 2024"
              ],
              "468"
            ],
            [
              [
                "Colwood",
                "July 2024"
              ],
              "940"
            ],
            [
              [
                "North Saanich",
                "July 2024"
              ],
              "419"
            ],
            [
              [
                "View Royal",
                "July 2024"
              ],
              "585"
            ],
            [
              [
                "Langford",
                "August 2025"
              ],
              "2,993"
            ],
            [
              "Ten orders together (added here)",
              "16,923"
            ]
          ]
        },
        "see": "housing-target-progress"
      },
      {
        "kind": "note",
        "label": "Note",
        "text": "The Ministry of Housing and Municipal Affairs 2026/27 to 2028/29 Service Plan (February 2026) has no target for the total number of homes completed, for B.C. or for any region. Its housing targets measure is the number of municipalities given an order.",
        "area": "British Columbia",
        "source": {
          "title": "Ministry of Housing and Municipal Affairs 2026/27 to 2028/29 Service Plan",
          "publisher": "Province of B.C.",
          "date": "February 2026",
          "url": "https://www.bcbudget.gov.bc.ca/2026/sp/pdf/ministry/hous.pdf",
          "terms": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "refresh": "Yearly, with the provincial budget (February)",
          "licence": "Public document, not under an open licence. Quoted with attribution.",
          "checked": "2026-11-12",
          "key": "hous_sp"
        },
        "documents_checked": null
      }
    ],
    "drawn": [],
    "rule": "Highest rung found is shown; the site never sets a target. Methods, Targets."
  },
  "benchmarks": [
    {
      "rung": 2,
      "kind": "related",
      "label": "Related targets, not drawn: the Province has made a housing target order, under the Housing Supply Act, for 10 of the 13 municipalities in Greater Victoria (all but Sooke, Metchosin and Highlands). Each order sets a minimum number of net new homes to be completed in that municipality over five years, at 75% of the estimated housing need. The ten targets add up to 16,923 homes (added here). They are not drawn on this page: no order covers the whole region, the orders start in different years (2023, 2024 and 2025), and they count net new homes in one municipality (homes completed minus homes demolished), while this page counts homes completed across the region for every 100 residents added.",
      "short": null,
      "document": "hto_orders",
      "page": null,
      "area": "10 of the 13 municipalities in Greater Victoria",
      "fit": "text_only",
      "same_area": false,
      "related_reason": "Different unit, definition, period or area; written under the chart, not drawn.",
      "document_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/orders",
      "applies_here": false,
      "same_measure": false
    }
  ],
  "highest_rung": null,
  "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)",
  "label_1y": {
    "key": "better",
    "label": "Better"
  },
  "label_long": {
    "key": "better",
    "label": "Better",
    "years": 6,
    "change": "+48.6%"
  },
  "target_line": {
    "form": 5,
    "text": "Related target only",
    "target": null,
    "gap": null,
    "comparison": null,
    "applies_here": false,
    "note": null
  }
}