Just a month after announcing housing supply targets for the second cohort of local governments, the Province of British Columbia announced targets for the third group on Tuesday.
In late-April, the Province announced a group of 20 municipalities, but ultimately split them into two groups of 10, with differing reporting periods.
This third set of housing targets amounts to over 17,599 homes and represents a 58% increase in overall housing to be built when compared to historical trends, the Province says.
The 10 municipalities announced today, as well as their annual and five-year housing supply targets, are as follows.
Colwood
- Year 1: 178
- Year 2: 359
- Year 3: 546
- Year 4: 739
- Year 5: 940
- Year 1: 251
- Year 2: 541
- Year 3: 890
- Year 4: 1,318
- Year 5: 1,844
Mission
- Year 1: 211
- Year 2: 472
- Year 3: 807
- Year 4: 1,241
- Year 5: 1,798
New Westminster
- Year 1: 656
- Year 2: 1,388
- Year 3: 2,236
- Year 4: 3,238
- Year 5: 4,432
North Cowichan
- Year 1: 191
- Year 2: 401
- Year 3: 638
- Year 4: 912
- Year 5: 1,233
North Saanich
- Year 1: 60
- Year 2: 128
- Year 3: 208
- Year 4: 303
- Year 5: 419
Port Coquitlam
- Year 1: 343
- Year 2: 724
- Year 3: 1,161
- Year 4: 1,673
- Year 5: 2,279
Prince George
- Year 1: 273
- Year 2: 575
- Year 3: 921
- Year 4: 1,325
- Year 5: 1,803
View Royal
- Year 1: 99
- Year 2: 204
- Year 3: 317
- Year 4: 444
- Year 5: 585
West Kelowna
- Year 1: 289
- Year 2: 633
- Year 3: 1,059
- Year 4: 1,594
- Year 5: 2,266
For this third cohort, the housing supply targets are effective beginning August 1, 2024 and end on July 31, 2029.
The first group consisted of Abbotsford, Delta, the District of North Vancouver, Kamloops, Oak Bay, Port Moody, Saanich, Vancouver, Victoria, and West Vancouver.
The second group then consisted of Central Saanich, Chilliwack, the City of North Vancouver, Esquimalt, Kelowna, Maple Ridge, Nanaimo, Sidney, Surrey, and White Rock.
The housing targets come as part of the Housing Supply Actannounced by Premier David Eby immediately after stepping into the role in November 2022.
The targets — issued in the form of a Ministerial Housing Target Order (HTO) — include annual targets as well as a five-year cumulative target, the latter of which represents 75% of the housing needs for the municipality, as estimated by the Province.
Once housing target orders come into effect, the Province monitors the municipalities and their progress towards the targets over the course of the five-year period. Local governments are responsible for submitting an annual progress report to the Province. An initial progress report is required at both the midway point and conclusion of the first year, with progress reports required once a year for the remaining four years thereafter.
If a municipality is not meeting its target, the Province can appoint an advisor to conduct a review to identify why the target has not been met and potentially issue a directive, such as ordering the municipal government to amend or enact a given bylaw or permit.
Earlier this year, the first cohort — who were given their targets in September 2023 — provided updates on their progress, with many currently on pace to miss their target for the first year. Keep up with all the local governments and their targets via our housing targets tracker.
