Victoria reported the completion of 753 new housing units in the first six months of the program, exceeding its first-year target of 659. Oak Bay, on the other hand, added only seven of its targeted 55 new units.
Halfway through its first year, the province says its housing target program is a success, as the combined six-month housing totals from the first 10 communities to be given targets indicate more than 4,000 new homes have been built.
Oak Bay is the smallest of the first 10 communities on the list and was given a target of 56 net new housing units in the first six months and 664 units by 2028. The six-month progress report showed Oak Bay had added only seven new housing units. In a statement, the province said municipalities such as Oak Bay and West Vancouver, which have fallen far short of expectations, should expedite their processes and comply with the new requirements to ensure that housing is being built where it’s needed.
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