GREATER VICTORIA CHAMBER
Join Now
Member Login
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • Annual Auction
      • Business Hall of Fame
      • Business Awards >
        • 2022 Business Awards Winners and Finalists
      • Picnic in the Park
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2022
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Board Elections 2023-2024
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us

BizNews Advocacy

Subscribe to BizNews
BizNews email Archive

Migration outpaces housing in Greater Victoria

7/20/2022

0 Comments

 
A report by the Chartered Professional Accountants of BC has confirmed expectations that people are moving to Greater Victoria faster than homes can be built for them. Our region added 5,941 residents in 2021 bringing our regional population to 432,062. Going back five years, Greater Victoria has added 31,500 people. And, although 16,942 housing units have been completed in that time, they have not met the demands of the market.
 
“Across the region, there has been strong housing construction activity. However, developments have typically been smaller attached units replacing older stock, with limited mid-sized units,” said Chamber Governor Lindalee Brougham, President of LL Brougham Inc. “The strongest demand has been for larger units, which has put significant pressure on housing prices for family homes.”
 
All of the region's growth is coming from migration as people move here from other parts of Canada. Greater Victoria's natural growth remains negative as fewer babies are being born here compared to the number of residents dying.
Read the Report: BC Check-Up 2022
0 Comments



Leave a Reply.

    Categories

    All
    Business And Economic Strength
    Chamber Awareness
    Climate Change Solutions
    COVID
    Fair Rules
    Federal Government
    Finding And Keeping Workers
    Food Security
    Global Uncertainty
    Hospitality And Tourism Rescue And Recovery
    Immigration And Integration
    Indigenous Business Support And Reconciliation
    Local Government
    New And Established Businesses
    Provincial Government
    Safe Communities
    Streamlined Regional Regulations
    Training And Microcredentials
    Transportation Options

Picture
​Copyright © 2021 Greater Victoria Chamber of Commerce.  All rights reserved. 
​#100 – 852 Fort St., Victoria, BC V8W 1H8, Canada   |   Phone: (250) 383-7191 

chamber@victoriachamber.ca   |  Site Map
Greater Victoria Chamber of Commerce
Notice a typo or broken link? Please let us know so we can fix it ASAP. Email communications@victoriachamber.ca
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
    • All Categories
  • Events
    • Signature Events >
      • Annual Auction
      • Business Hall of Fame
      • Business Awards >
        • 2022 Business Awards Winners and Finalists
      • Picnic in the Park
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2022
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • Prodigy Group
    • Mentorship Program
    • Prodigy Group Committee
    • Prodigy Events
    • Contact the Prodigy Group
  • About Us
    • Staff Directory
    • Board & Governance >
      • Board Elections 2023-2024
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us