{
  "id": "below-market-and-family-homes",
  "parent": "housing-target-progress",
  "category": "Housing",
  "title": "Below-market and family-size homes among net new homes",
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "Provincial and federal housing programs",
    "Municipal (approvals and zoning)",
    "Non-profit and private builders"
  ],
  "plain_question": "Of the net new homes counted toward the provincial target, how many rent below market, and how many have three or more bedrooms?",
  "value": 195,
  "display_value": "195",
  "unit": "below-market net new homes in year 2",
  "period": "October 1, 2024 to September 30, 2025",
  "period_start": "2024-10-01",
  "period_end": "2025-09-30",
  "comparison": {
    "previous_period": "Year 1",
    "previous_value": 168,
    "change_percent": null
  },
  "since_text": "Since Oct 2023: 363 below-market and 181 with 3+ bedrooms, of 2,359 net new",
  "trend": "context",
  "trend_basis": "Year 2: 195 of 882 net new homes were below-market rentals and 109 had three or more bedrooms. Since October 2023: 363 below-market and 181 with three or more bedrooms, out of 2,359 net new homes (15% and 8%).",
  "direction_good": "up",
  "right_direction": "Shown for context, without a “better” or “worse” label. The Province has not set a separate target for these categories.",
  "caveats": [
    "Categories follow the Province's progress report form. “Below market” means rents below the local market rent as defined in the Province's guidelines.",
    "Family-size here means three or more bedrooms (three-bedroom plus four-or-more-bedroom rows of the report).",
    "Counts are net of demolitions in each category."
  ],
  "charts": [
    {
      "title": "Net new homes by category, each reporting year",
      "fmt": "int",
      "unit": "homes",
      "lines": [
        {
          "name": "Below-market rental",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 168
            },
            {
              "period": "2025-09",
              "value": 195
            }
          ]
        },
        {
          "name": "Three or more bedrooms",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 72
            },
            {
              "period": "2025-09",
              "value": 109
            }
          ]
        }
      ]
    }
  ],
  "calc": {
    "formula": "Family-size = net new three-bedroom + net new four-or-more-bedroom homes. Shares = category ÷ all net new homes since October 2023.",
    "steps": [
      "Year 1: below-market 168; three-bedroom 59 + four-or-more 13 = 72.",
      "Year 2: below-market 195; three-bedroom 51 + four-or-more 58 = 109."
    ],
    "inputs": [
      {
        "name": "Housing Target Progress Report, City of Victoria, year 1",
        "agency": "City of Victoria report to the B.C. Ministry of Housing, published by the Province",
        "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/uploads/city_of_victoria_annual_progress_report_nov_2024pdf.pdf",
        "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports",
        "period": "Year 1 (to Sep 30, 2024)",
        "licence": {
          "name": "Public data, not under an open licence. Used with attribution.",
          "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "open": false
        },
        "data_published": ""
      },
      {
        "name": "Housing Target Progress Report, City of Victoria, year 2",
        "agency": "City of Victoria report to the B.C. Ministry of Housing, published by the Province",
        "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/housing-targets/city_of_victoria_-_year_2_housing_targets_progress_report_nov_2025.pdf",
        "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports",
        "period": "Year 2 (to Sep 30, 2025)",
        "licence": {
          "name": "Public data, not under an open licence. Used with attribution.",
          "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
          "open": false
        },
        "data_published": ""
      }
    ]
  },
  "refresh_frequency": "Annually (reporting year ends September 30)",
  "verified_text": [
    "Year 1 report: Total 1536 59 1477 1477 | Below Market3 183 15 168 168 | Three Bedroom 67 8 59 59 | Four or More Bedroom1 14 1 13 13",
    "Year 2 report: Total 911 29 882 2,359 | Below Market3 - Total 195 0 195 363 | Three Bedroom 60 9 51 110 | Four or More Bedroom1 58 0 58 71"
  ],
  "source": {
    "name": "Calculated here from City of Victoria report to the B.C. Ministry of Housing, published by the Province data",
    "url": "https://www2.gov.bc.ca/assets/gov/housing-and-tenancy/tools-for-government/uploads/city_of_victoria_annual_progress_report_nov_2024pdf.pdf",
    "dataset_url": "https://www2.gov.bc.ca/gov/content/housing-tenancy/local-governments-and-housing/housing-targets/reports"
  },
  "licence": {
    "name": "Public data, not under an open licence. Used with attribution.",
    "url": "https://www2.gov.bc.ca/gov/content/home/copyright",
    "open": false
  },
  "derived": true,
  "retrieved_at": "2026-11-11T08:35:29Z",
  "data_published": null,
  "series": [
    {
      "period": "2024-09",
      "value": 168
    },
    {
      "period": "2025-09",
      "value": 195
    }
  ],
  "licence_type": "public"
}