Website reports 550 affordable homes added in 2023

More than 550 rental homes that meet affordability guidelines were added to Greater Victoria’s housing supply, according to a website that reports on the region’s real estate and development sector.

Citified.ca states that 342 of the homes were below-market rentals, including 130 suites in The Dalmatian — a project by Jawl Residental Ltd. that is owned and operated by Pacifica Housing Ltd. About $19 million of construction costs was covered by BC Housing, which will also provide annual operating funding of $1.6 million.

The Dalmatian is a great example of innovation led by business with collaboration from the public and non-profit sectors. Citified.ca forecasts 2024 will see record levels of public-sector supported rental units come online.

Greater Victoria needs more homes, especially units affordable to the workforce needed by our region’s employers.