Zoning Sets the Ceiling
Two lots of the same size can allow very different buildings. Provincial small-scale multi-unit housing rules now require many single-family lots in urban areas to allow three or four units, subject to local zoning.
Current Building Lot Data
Greater Victoria Lots Under One Acre Market Report
Follow the market for building lots under one acre in Greater Victoria, the parcels most buyers have in mind when they plan a new house, a house with a suite or a small infill project. The figures are generated from current MLS® data and update as lots are listed, sold or repriced.
Under-one-acre caution: This category runs from small infill lots in the core municipalities to newly created lots in hillside subdivisions on the Westshore. A group of subdivision lots released at once can dominate the active list, so compare lots of similar size, zoning and servicing rather than relying on the average.
Search lots under one acre All Greater Victoria lots & land Homes on large lots
How to Read the Numbers
Reading the Under-One-Acre Numbers
Smaller lots are the busiest part of the land market. These points help put the figures in context.
Check the Services
Many lots in this range are on municipal water and sewer, but not all. Connection fees, development cost charges and road frontage works vary by municipality and add to the real cost of building.
Subdivision Releases
A new subdivision can list several lots in the same week. That lifts the inventory count and can make days on market look slow while those lots sell through.
GST Can Apply
Lots sold by a developer, or created by splitting a parcel into more than two parts, are generally subject to GST. Compare asking prices on the same basis.