The Canadian Mortgage and Housing Corp. says the pace of November housing starts in Victoria was lower than the previous year.
CMHC released housing starts data from last month and said construction started on 223 dwellings, compared to 268 in November 2016.
Overall, CMHC says the trend of housing starts remains elevated because of high numbers of rental and condo apartments from previous months.
Victoria is well ahead of the pace set last year in year-to-date figures, with 3,700 housing starts in 2017 compared to 2,787.
Of this year’s housing starts, 2,435 are apartment buildings, 824 single homes, 297 multi-unit rows and 144 semi-detached buildings.
CMHC says a slow-down in November was expected given the high volume of starts in October.