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Province moves to help municipalities increase housing stock

10/27/2021

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The Canada Mortgage and Housing Corp. says the vulnerability of Greater Victoria's housing market remains moderate in the second quarter of 2021. Limited inventory and the related low level of homes being listed have contributed to a sellers' market.
 
Even a marked increase in new homes this year has not been able to keep pace with the demand from buyers. There have been 3,488 new homes built so far this year, compared to a total of 3,209 in 2020 and 3,499 in 2019.

​On Tuesday, the provincial government moved to make it easier for developments to get approval from municipalities. The aim is to increase housing supply in the province. Amendments to the Local Government Act will:
  • remove the default requirement for local governments to hold public hearings for zoning bylaw amendments that are consistent with the official community plan; and
enable local governments to delegate decisions on minor development variance permits to staff.
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • 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
  • The Chamber 1863
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us