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Greater Victoria's population growth slows to 0.7% in 2025, lowest since 2011, amid migration declines and housing challenges.

Market News
22 Jul 2026
Chartered Professional Accountants Of British Columbia (Cpabc)
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Greater Victoria's population grew by 3,129 people in 2025, reaching 445,090, but growth slowed to 0.7%, the smallest increase since 2011. This slowdown was driven by an 83.6% drop in international migration and slower interprovincial and intraprovincial migration, while natural growth was negative. Housing affordability remains a key challenge, with home prices stable but rents rising, especially for larger units. Despite a slowdown in housing market activity, efforts to increase high-density housing supply continue to address affordability issues in the long term.

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