Compare markets
Vancouver vs Victoria
Every current official measure published for both metros. Figures from different reference periods are flagged; measures missing for either metro are left out.
| Measure | Vancouver | Victoria | Reference period |
|---|---|---|---|
| New housing price indexNew homes only; not a resale price measure. | 123.4−2.1% | 119.2−2.5% | Sep 1, 2026 |
| Housing starts (last 12 months) | 26,601 units−4.9% | 4,060 units−17.0% | Sep 1, 2026 |
| Completions (last 12 months) | 27,830 units−6.0% | 3,269 units−14.2% | Sep 1, 2026 |
| Homes under construction | 61,680 units−2.3% | 9,353 units+8.3% | Sep 1, 2026 |
| Dwelling units permitted (last 12 months) | 25,300 units−16.3% | 4,176 units−2.7% | Sep 1, 2026 |
| Rental vacancy ratePurpose-built apartments (6+ units); annual October survey. | 3.70%+2.1 pts | 3.10%+0.4 pts | October 2025 survey |
| Average rent, 2-bedroomPurpose-built rentals (row and apartment, 3+ units); annual October survey. | $2,364+2.2% | $2,121+6.3% | October 2025 survey |
| Asking rent, 2-bedroom apartmentExperimental estimate from new listings; not what sitting tenants pay. | $3,030−4.1% | $2,640−2.6% | Apr 1, 2026 |
| Unsold new homes (unabsorbed inventory)Completed homeownership and condo units not yet sold or rented; excludes purpose-built rentals. | 870 units+5.2% | 117 units+48.1% | Sep 1, 2026 |
| New homes absorbed (last 12 months) | 2,444 units−7.7% | 285 units−21.5% | Sep 1, 2026 |
| Population | 3,088,036 persons+0.2% | 445,090 persons+0.7% | Jan 1, 2025 |
| New homes completed per 100 added residentsDescriptive ratio of new supply to population growth; not a measure of need. | 440 per 100 | 104 per 100 | Sep 1, 2026 |
| Completions per 1,000 residents | 9.0 per 1,000 | 7.3 per 1,000 | Sep 1, 2026 |
| Starts per 1,000 residents | 8.6 per 1,000 | 9.1 per 1,000 | Sep 1, 2026 |