{
  "id": "housing-target-progress",
  "parent": "new-homes-approved",
  "category": "Housing",
  "title": "Net new homes compared with the provincial housing target",
  "geography": "City of Victoria (municipality)",
  "scope": "city",
  "levels": [
    "Provincial (Housing Supply Act targets)",
    "Municipal (approvals)",
    "Private and non-profit builders"
  ],
  "plain_question": "How many net new homes (completed minus demolished) has the City added since the Province set its housing target, and how does that compare with the target?",
  "value": 2359,
  "display_value": "2,359",
  "unit": "net new homes since Oct 2023 (target to date 1,425)",
  "period": "October 1, 2023 to September 30, 2025",
  "period_start": "2023-10-01",
  "period_end": "2025-09-30",
  "comparison": {
    "previous_period": "to Sep 30, 2024",
    "previous_value": 1477,
    "change_percent": null
  },
  "since_text": "Target to date: 1,425. Five-year target: 4,902 by Sep 2028 (48% reached). Year 2: 882 net new",
  "trend": "context",
  "trend_basis": "2,359 net new homes from October 1, 2023 to September 30, 2025, against a cumulative target of 1,425 for that date set in the Province's Housing Target Order (166% of the target to date; 48% of the five-year target of 4,902). Year 1: 1,536 completed, 59 demolished, 1,477 net new. Year 2: 911 completed, 29 demolished, 882 net new.",
  "direction_good": "up",
  "right_direction": "The target is set by the Province under the Housing Supply Act; it is shown as published. This page compares the City's reported count with that target and gives no other judgement.",
  "caveats": [
    "Net new homes = homes completed (occupancy permits issued) minus homes demolished, as reported by the City to the Province on the Province's form.",
    "The target counts all homes, whatever their size or price. See the family-size and below-market breakdown measure.",
    "Each reporting year runs from October 1 to September 30. The next report is due after each September 30.",
    "Homes completed reflect approvals made years earlier."
  ],
  "charts": [
    {
      "title": "Net new homes since October 2023, compared with the cumulative target",
      "fmt": "int",
      "unit": "homes",
      "lines": [
        {
          "name": "Cumulative target (Housing Target Order)",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 659
            },
            {
              "period": "2025-09",
              "value": 1425
            },
            {
              "period": "2026-09",
              "value": 2352
            },
            {
              "period": "2027-09",
              "value": 3493
            },
            {
              "period": "2028-09",
              "value": 4902
            }
          ]
        },
        {
          "name": "Net new homes reported (cumulative)",
          "area": "city",
          "series": [
            {
              "period": "2024-09",
              "value": 1477
            },
            {
              "period": "2025-09",
              "value": 2359
            }
          ]
        }
      ]
    }
  ],
  "series_note": "Reporting years end September 30",
  "calc": {
    "formula": "Net new homes = completions − demolitions, added up since October 1, 2023 (as reported). Share of target = net new homes ÷ cumulative target for the same date.",
    "steps": [
      "Year 1: 1,536 − 59 = 1,477; since the order 1,477 against 659.",
      "Year 2: 911 − 29 = 882; since the order 2,359 against 1,425."
    ],
    "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": ""
      },
      {
        "name": "Housing Target Order for the City of Victoria (Ministerial Order M286/2023), Schedule A",
        "agency": "B.C. Minister of Housing",
        "url": "https://www.bclaws.gov.bc.ca/civix/document/id/mo/mo/m0286_2023",
        "dataset_url": "https://www.bclaws.gov.bc.ca/civix/document/id/mo/mo/m0286_2023",
        "period": "October 1, 2023 to September 30, 2028",
        "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; report within 45 days)",
  "verified_text": [
    "Housing Target Order M286/2023, Schedule A: five-year housing target for the City of Victoria is 4,902 Units; Year 1: 659; Year 2: 1,425; Year 3: 2,352; Year 4: 3,493; Year 5: 4,902",
    "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 and B.C. Minister of Housing 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": 659
    },
    {
      "period": "2025-09",
      "value": 1425
    },
    {
      "period": "2026-09",
      "value": 2352
    },
    {
      "period": "2027-09",
      "value": 3493
    },
    {
      "period": "2028-09",
      "value": 4902
    }
  ],
  "licence_type": "public"
}